Module 3 Learning Objective

In this module, you will learn about financial long-term viability.  This will help you understand your farm business, so you can identify potential financial stressors such as high levels of debt, low profitability, and limited cash flow. These stressors can cause significant anxiety and strain for farmers and their families. Identifying them early on can help you to develop strategies to address them, such as cost efficiencies, improving marketing strategies, exploring new revenue streams, or working with financial experts to develop a financial management plan.

After completing this module, you should be able to:​

• Define the components of financial long-term viability​
• List potential future strategic directions for a business based on the current status of long-term viability​
• Define performance, capacity, and resiliency​
• List tools and processes for assessing performance, capacity, and resiliency ​
• List the camps or classifications of financial long-term viability​
• Select the camp or classification of long-term viability based on performance, capacity, and resiliency results 
• Make an informed decision on the broad future strategic direction of your business; builder, long-hauler, or guardian-transitioner 

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