Integrated Farm Financial
Statements (IFFS) Software
Oklahoma State University
Agricultural Economics Department
IFFS
Crop and
Livestock
Budgets
Additional
Information
Cash flow statement
Debt worksheet
Balance sheet
Income statement,
financial ratios, stress
test
OSU Ag Econ
IFFS
 Planning and analysis tool
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OSU
IFMAPS and vo-techs
 Case study development for workshops and
courses
 Farm management courses and labs
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Other educators
Lenders
Producers
OSU Ag Econ
IFFS
 New cost and return estimation software
will create IFFS budgets
 Quicken data can be imported into IFFS
OSU Ag Econ
OSU Ag Econ
IFFS
OSU Ag Econ
OSU Ag Econ
OSU Ag Econ
OSU Ag Econ
OSU Ag Econ
OSU Ag Econ
IFFS
 Excel 97
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Crop and livestock budget (CLBUD) = 417
KB
Additional Information (AI) = 296 KB
MULTSTAT = 1.913 MB
65 budgets = 1.54 MB
 http://www.agecon.okstate.edu/iffs/
OSU Ag Econ
Getting Quicken Data to
IFFS
Program
Quicken
Action(s)
Print to File
Files
Category list
Monthly cash flow report(s):
By class (enterprise)
QLink
Import Qkn. categories
Import Qkn. data
By class (or whole farm)
Generate IFFS data
By class (or whole farm)
IFFS
Load QLink generated
files using:
AI
CLBUD
OSU Ag Econ
Developing a Whole
Farm/Ranch Plan
 Collect farm financial and production information
 Develop enterprise budgets (CLBUD)
 Complete Additional Information worksheet (AI)
 Record asset and liability information (MULTSTAT)
 Load budgets (enterprise budgets and additional
information) into MULTSTAT
 Review financial statements and summary
OSU Ag Econ
IFFS Data Collection
 Producer completes:
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Trend worksheet
Cash operating expense allocation worksheet
Worksheets summarizing production and, if
possible, monthly expense allocation
Asset inventory
Debt worksheet
Other income worksheets
Family living expenses worksheet
OSU Ag Econ
Alternative financial plans
 Outline changes to be made
 Modify budgets
 Add, remove budgets
 Revise balance sheet
 Modify debt worksheet
 Save new plan
OSU Ag Econ