Sign up now for this six part series covering the essential financial skills to help keep your farm operating during these difficult financial times. The class schedule is:

 

Farm Office and Tax Records

 

The class is now available for archive viewing as a recording.

 

Feb. 4, 2:00-3:00 PM (MST)

 

Participants learn the value and need for having a specific area as a farm office to conduct business. Additionally, this class will familiarize participants with the types of accounting, enterprise, and financial records necessary to conduct business analysis, establish tax compliant records, format budgets, and secure lender financing.

 

 

Crop Records

 

The class is now available for archive viewing as a recording.

 

Feb 11, 2:00-3:00 PM (MST)

 

This class provides participants with an understanding for the need of comprehensive and thorough crop production records, identification of various opportunities where comprehensive and thorough crop production records apply, and provide participants with an inexpensive crop records system that is both easy to use and interpret.

 

The Balance Sheet

 

The class is now available for archive viewing as a recording.

 

Feb. 18, 2:00-3:00 PM (MST)

 

Participants will acquaint agricultural producers with the purpose and application of Balance Sheet as well as identify the specific structure and arrangement of the Balance Sheet accounts and their determination of Owner’s Equity.

 

The Income Statement – the P&L Statement

 

The class is now available for archive viewing as a recording.

 

Feb. 25, 2:00-3:00 PM (MST)

 

Participants will learn the importance of and the application of the income statement as well as understand the structure and timing of this valuable financial tool. This class will also explain the differences between the income statement and the Schedule F agricultural tax return.

 

The Lease vs. Buy Decision

 

The class is now available for archive viewing as a recording.

March 4, 2:00-3:00 PM (MST)

 

Leases and purchase loans are simply two different methods of financing. One finances the use of equipment; the other finances the purchase of equipment. Each has its own benefits and drawbacks. This class examines the benefits of each decision and provides the tools necessary to choose the option that is right for you.

 

Statistical Analysis for Farm Business Management

 

March 11, 2:00-3:00 PM (MST)

 

Farmers, ranchers, and dairymen spend hours projecting yields and prices for budgets to be submitted to lending institutions.  The acceptance and approval of the budget is primary to the funding of an agricultural operation.  Through the understanding of basic statistical measures to include averages, mid-ranges, modes, moving averages and weighted moving averages, those projections can become much more reliable and credible.

 

 

 

If you would like to learn more about our webinars or are looking to sign up for an individual session, please click HERE.

 

 

 

Instructor: Ralph Jones