American Farmland Trust’s Balance Sheet Worksheet helps you develop a snapshot of the financial health of your personal accounts and/or your business at a specific point in time. It allows you to list your assets—the things you own—and your liabilities—the amounts you owe to others. This information helps you determine your bottom line and understand your net worth which are things you should know as you begin the farm or ranch transfer process.
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.