Farm Valuation

This topic covers the process of assessing the financial worth of a farm business. Learners will identify farm assets, prepare an inventory, and describe valuation methods. Key skills include preparing opening and closing valuations and applying methods to calculate depreciation of assets. This knowledge is important for understanding the complete financial health of a farm, for securing loans, or for sale purposes. It is part of the advanced farm management content in the CBC and may be examined by ECZ in questions related to asset management, record-keeping, and assessing farm net worth.