| Brandon SWIA - 12/24/2024 05:56 I wonder what % of farmers would do a balance sheet if their banker didn't require it? I want to know year to year how my business is performing. A balance sheet helps to calculate ROA, ROE, and track business performance. I guess I don't know why everyone wouldn't want to do one every year. When I was a banker, we could do up to 3 balance sheets. Market based, cost basis, and a discounted collateral analysis.
And with a computer doing the math, it takes all of 2-3 minutes to adjust the values to tell you whatever you want it to tell you.
Personally I like doing the yearly balance sheet, but I'm not up to my eyeballs in debt with depreciating assets either. I can certainly understand why some guys don't like doing a balance sheet with their equipment values getting cut in half.
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Balance sheet adjustment
