Often on the farm, expenses come up that you were not expecting - whether it's a new opportunity that presents itself, a costly repair, a repair that turns into an equipment replacement, or any number of things. Murphy's Law always seems to be in effect when you least want it. It's important when things like this happen, to readjust your budget for the crop year accordingly.
Ag Finance Advisor Ryan Huffstutler tells us that a farmer's projection & budget should keep pace with changing expenditures throughout the season so that you always know where you stand financially. This way when new opportunities arise, you can rely on up-to-date numbers and cash flow projections to help you make those important decisions, rather than emotional decision-making from a "gut feeling."