Farm Progress

Join us at the 2019 Ag Finance Boot Camp to learn how to address financial stress on the farm.

Mike Wilson, Senior Executive Editor

July 27, 2018

2 Min Read
Curt Covington

More and more farms face financial stress: tight margins, weak cash flow and dwindling working capital. Do these issues sound familiar? In each case, having a better understanding of your farm’s financials could help improve margins, strengthen cash flow, and build working capital. Better financial skills can help you prevent further trouble down the road.

At the 2019 Farm Futures ag finance Boot Camp, we’ll look at a typical farm facing these real-world issues. Join our expert presenters as they describe the circumstances that brought this farm to where it is today. Together we will discuss potential solutions, where you are the decision-maker and the problem-solver. This will be a journey of self-analysis in an informal, workshop setting. Come prepared to share your insights and opinions.

Join us as we have you and your team work on a case study of a typical 2019 farm family, with the following goals:

  • How to integrate an accounting system that tells a more accurate picture of how much money the farm is really making.

  • How a management accounting system can help the farm make informed decisions that will increase profitability.

  • How to work with your lender to help you benchmark your farm operation against other farms and more importantly to help you benchmark against your own operation.

  • How to properly structure your farm operation in light of the new tax law. A review of your farm operation may show that some structure changes are needed.

  • How to develop a marketing program focusing on production costs to guarantee profits.

  • How to know exactly how much you can pay to cash rent ground and still make a bottom line profit.

  • How to determine how many acres is needed to provide for another family member to participate in the farm operation.

Don’t miss this chance to improve your farm’s future profitability. For now, mark your calendar for Jan. 23, 2019 at the Coralville Marriott Hotel in Coralville, Iowa. Watch FarmFutures.com for details.

About the Author(s)

Mike Wilson

Senior Executive Editor, Farm Progress

Mike Wilson is the senior executive editor for Farm Progress. He grew up on a grain and livestock farm in Ogle County, Ill., and earned a bachelor's degree in agricultural journalism from the University of Illinois. He was twice named Writer of the Year by the American Agricultural Editors’ Association and is a past president of the organization. He is also past president of the International Federation of Agricultural Journalists, a global association of communicators specializing in agriculture. He has covered agriculture in 35 countries.

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