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Buyer goals determine land purchase considerations
When purchasing agricultural land, it is essential to define the overall goal of the acquisition. Some people buy for quality-of-life reasons. Sometimes land is purchased as an investment. Others purchase to generate a profit from agricultural practices.
Understanding Income, Expense and Cash Flow Statements
The income statement is a summary of revenue and expenses over a period of time, and the cash flow statement contains all cash flows. Together, they provide powerful knowledge for an operation.