This Workshop has been cancelled due to low registration. Please check out the Small Farm Business Planning Workshop which will touch on many topics of the Farm Finances Workshop.
9 am – Noon
This workshop is geared toward a person already farming who wants to do a better job of understanding their financial strengths and vulnerabilities. We’ll talk about the three major financial statements: balance sheet; income statement; and statement of cash flows. We’ll discuss how to prepare and analyze all three using the farm’s Schedule F as the starting point. We’ll also discuss the difference between cash flow and profitability. Finally, we’ll touch on farm investment analysis.
Instructor Paul Dietmann is Emerging Markets Specialist with Badgerland Financial, a member-owned rural lending cooperative and Farm Credit System institution serving southern Wisconsin. Paul leads the coop’s beginning farmer program and its Emerging Markets Loan Program, which provides loans to farmers who are marketing their products direct to consumers. Prior to joining the staff at Badgerland, Paul spent 16 years with the State of Wisconsin; eleven years as a county agriculture agent with the University of Wisconsin-Extension and five years as director of the Wisconsin Farm Center, which is the farmers’ assistance program in the Wisconsin Department of Agriculture, Trade and Consumer Protection (DATCP). He served as Wisconsin’s Deputy Secretary of Agriculture in 2010. He is co-author of the book Fearless Farm Finances: Farm Financial Management Demystified.