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The clipping this text was read from
The clipping this text was read from

em farming, with its emphasis on large-scale operations, competitive marketing and diversity of production require sophisticated financial management techniques. Good farm financial management is absolutely necessary for farmers to succeed in the 1980’s,” Godsey said, “and the CFS can provide the sophisticated analyses needed to make sound decisions.”

The Coordinated Financial Statement includes: a balance sheet and statement of owner’s equity; an income statement, showing all income and expenses; a statement of change in financial position indicating new borrowings, withdrawals and debt payment of

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