American Farmland Trust’s Sample Financial Statements provide an example of a balance sheet, income statement, and cash flow statement. Beginning farmers and ranchers can use the sample financial statement to assess their financial position and consider how their financial situation affects their land tenure options. An agricultural landowner can use it for farm or ranch transfer planning to determine what is financially viable in the transfer situation. To test your understanding of financial statements and how to draft them, try completing AFT’s Financial Statement Quiz.

These resources were developed as part of AFT’s Farmland for the Next Generation: Land Access Training and Transitioning Land to a New Generation projects. Their development was supported by grants from the USDA Beginning Farmer and Rancher Development Program.