Integrated Farm Financial Statements (IFFS): A Farm Business Planning Tool
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Integrated Farm Financial Statements (IFFS) software was developed as an M.S. thesis project in the mid-1980s and was immediately put to use as a tool for business planning in one-on-one work with Oklahoma producers through the Intensive Financial Management and Planning Support project. An updated IFFS continues to be used with producers to project financial statements for 1-3 years. Strengths and weaknesses in the software and extension program are noted, along with components that might serve as a model for other programs. Links with research are discussed, as are prospects for future farm financial management programs.