This study analyzed the household financial management practices and well-being of 154 dairy farm families. The debt-to-asset ratio was negatively related to age, and positively related to presence of a child under 18 and to education of the spouse. Older respondents were pessimistic about their present and near future financial well-being but they expected satisfaction in five years. Farmers who use recommended financial management practices are satisfied with their financial situation and have a safe debt-to-asset ratio. These results may have implications for other small businesses. Key Words: financial management, household, satisfaction

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