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Farm Business Planning Guides

CIBC has developed some helpful information, financial planning and management worksheets to help you plan your business more efficiently and profitably. CIBC's Farm Business Planning Guide helps you to organize and record your past accomplishments, as well as your present resources and commitments. They will also assist you in applying for a CIBC line of credit, and in developing next year's budget.

Assets and Liabilities

Listing and detailing assets and liabilities helps you keep accurate figures for use in your Statement of Net Worth, as well as provides you with a record for future reference. When preparing your list, please remember 1) that current market values are used when evaluating land and buildings, machinery, equipment, livestock and crop inventories and 2) to include any outstanding interest on loans as well as any payment arrears.

Download Assets and Liabilities Worksheet (90 KB)

The Statement of Net Worth

The Statement of Net Worth provides a complete financial picture of your farm operation on any given date, and details your equity in that operation. Comparing these statements from year to year also gives you a good indication of your financial progress over a specific period of time..

Download Statement of Net Worth Worksheet (30 KB)

Income and Expense Statement

This allows the cash-based income statement to be converted to an accrual-based income statement which more clearly illustrates the farm's previous year's profitability. This accrual based statement will provide you with a projected and past Net Farm Income, which illustrates your farm's profitability. The Net Farm Income represents your return on labour, capital, and farm management, which in turn must be sufficient to cover family living costs, income taxes, and long term debt servicing.

Download Income and Expense Worksheet (60 KB)

Debt Servicing Worksheet

CIBC developed these worksheets to help you determine the ability of the accrued Net Farm Income to service the total debt. By breaking debts into three categories: current, intermediate and long term, it is easier to see your loan obligations.

Download Debt Servicing Worksheet (60 KB)


The information in this article is general only; it is not intended as specific investment, financial, accounting, legal or tax advice for any individual.