Teagasc urges farmers to act now and plan their finances for 2010

THE most important job farmers should do in December is to plan their cash flow for 2010, according to Teagasc.

Dr Tom Kelly, Teagasc financial specialist, urged farmers to act now and plan finances for next year.

He told a meeting of the Teagasc Authority that farmers need to prepare a budget for the next 12 months detailing the main flows of cash into and out of the farm business.