Five Year Financial Plan

[William Van]

When a person is just starting out with farming, the importance of a 5 year financial plan cannot be emphasized enough. It can be the difference between success and failure.

So where do you want to be, financially, 5 years form now?

 

[jack]

I wouldn't specify the period, but yes, a financial plan can be the difference between success and failure. There are many things I would want to achieve in 5 years, including increased productivity and manageable debt. How about you?

 

[William Van]

i don't want manageable debt. I want no debt. I want to be making 25% more than what I'm making now, and the best way I can see doing that is getting rid of all debt.