Agriculture Financial Advisor (AgFA©) program has been designed
to assist in the collection, analysis, and storage of financial data
and certain farm profile information for all types of farms.
allows for the use of profile data to create specific farm type benchmarks
and provide information to assist farm managers in decision-making for
improved profits and lifestyles.
produces the following reports: Farm Earnings, Balance Sheet, Statement
of Cash Flows and a Financial Analysis report which includes the rate
of Return on Assets on both cost and fair market value basis. The program's
reports include several accuracy checks and a labor analysis. AgFA©
also has the capability of performing a variety of statistical analysis
for research purposes.
Access to AgFA Benchmark Reports
After 2013, the farm management associations contributing to the AgFA database, discontinued the practice of setting aside some of farmland’s market value. This accounting change does not affect Net Farm Income, however, it affects financial performance measures that are used for asset values.
The Rate of Return on Assets, Rate of Return on Equity, Asset Turnover, and Debt to Asset ratios are lower than they would have been using the pre-2014 practice. This change also increases calculated opportunity costs and thus total cost of production.
Glossary of Terms
Benchmark Reports - view some example reports
from the AgFA website using different criteria: production, financial
To incorporate the current (2012)
milk price information into your conputer's AgFA© data, you must
'SYNCH' the data with the UW server. IF you ran a report(s) on a farm
prior to synchronizing, you must make a modification in that farm's
data to obtain correct reports generated on a per Product Unit basis.
(Even an entry of the number "1" in the "Dataset Description"
and deleting it will cause the program to recalculate the per Product
Unit reports.) Questions regarding this update should be directed
to Jenny Vanderlin at (608) 263-7795.
Price and Ordering Information Contact:
Center for Dairy
University of Wisconsin-Madison/Extension
266 Animal Science Building
1675 Observatory Drive
Madison, Wisconsin 53706