Question

Do Farmers and ranchers commonly use a quarterly financial cycle.

Answer 1

Farmers and ranchers are involved in producing crops, livestocks and herding. The financial cycle depends on what is the output, is it seasonal or throughout the year. Because, sales of the output produced depends on the demand of the consumers. Financial reporting is mandatory for various financial assistance in farming and ranching operations and start ups. Usually a quarterly financial cycle is followed by the farmers and ranchers depending on the volume of transaction they do throughout the year.