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Farm Financial Management: Taking it to the Next Level
February 17, 2022 @ 4:00 pm - 6:00 pm$50
Step up your financial game this winter by attending this three-session workshop series — geared towards experienced farm managers — which will help you hone your skills for monitoring the health of your business, improving its profitability, and managing cash flow.
The series will be taught by Elaine Lemmon of Kitchen Table Consultants, and farmers attending all three sessions will be eligible to receive up to three hours of expert one-on-one assistance in financial recordkeeping, planning, or analysis.
Schedule: Thursdays, February 10th, 17th, and 24th from 4-6pm (via Zoom)
February 10th, 4-6pm: Taking your farm financial recordkeeping to the next level
This session will help you optimize your chart of accounts, tease apart where your farm is and isn’t making money, and use your financial statements for more strategic farm decision making. Learn how to draw key information from your farm’s profit and loss statement and balance sheet to monitor the health of your business and improve its profitability.
February 17th, 4-6pm: Finding cash in your farm business: profitability vs. cash flow
Net income and cash flow are each important — and distinct — measures of success. Learn the best ways to track where your cash is going, control your cash flow, and identify your options when cash gets tight.
February 24th, 4-6pm: Budgeting tools to keep your farm on track
Budgets are an incredibly powerful tool for farm business management. This session will equip you with a flexible budgeting tool that you can use year after year. You’ll get expert advice on how to identify past trends, forecast sales, and plan for contingencies, plus practical tips for using your budget to steer mid-season decision making.
Cost: $50 for the three-session series, including follow-up one-on-one assistance. We don’t want finances to be a barrier to participation and offer a sliding scale to attend.