Reading Time: 2 minutes Leverkusen, Germany | Reuters — German drugs and pesticides maker Bayer forecast a year without earnings growth for its agricultural products business on Wednesday, as it seeks to complete its US$66 billion deal to take over U.S. seeds giant Monsanto. Bayer has said the deal, which would put the size of its agricultural business on […] Read more
Bayer sees pesticide profits stagnating before Monsanto takeover
Finance metrics you may not have thought of — measuring financial risk
AME Management Part 3: How balance sheets and operating statements help determine your exposure to risk
Reading Time: 3 minutes The first two columns in this three-part series focused on using the operating statement to monitor operating efficiency and to diagnose operating problems. In this column, we turn to the interaction between the balance sheet and operating statement to identify and manage financial risk. This is very topical currently because of concerns that lower grain […] Read more
Finance metrics you may not have thought of — diagnosing operating inefficiency
AME Management Part 2: The importance of watching and understanding trends and comparisons
Reading Time: 3 minutes Our last column introduced the concept of Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and used it to define Operating Efficiency Ratio, (EBITDA/Total Revenue). With some exceptions, financially successful farms have Operating Efficiency Ratios above 35 per cent, i.e. with at least 35 cents left from every dollar of sales after paying all non-capital […] Read more
Finance metrics you may not have thought of — operating efficiency
AME Management Part 1: Basic financial tools to help determine your operating income
Reading Time: 3 minutes In good times or bad, there are some basic financial tools that allow farmers (and other managers) to gauge their operating efficiency, diagnose where they have problems, and measure the financial risk they are bearing or are about to undertake when they make a substantial investment. We find, however, that we hear very few people […] Read more
A message from April Stewart, Country Guide's Associate Editor
