Want to get high-level farm finance training so you can turn your numbers into better farm decision-making? Come to the fifth annual Ag Finance Boot Camp Jan. 17 at the Coralville Marriott, just outside of Iowa City, Iowa.
This high-energy, one-day workshop is designed to help you manage the ever-increasing financial challenges, as agriculture continues to face profit margin pressure.
Engaging the audience
The workshop will engage and challenge attendees as it focuses on real-world farm finance problems and solutions. LaVell Winsor, a Kansas farmer and ag financial specialist, will lead a farm panel discussion on record keeping and accounting, focusing on practical do’s and don’ts. She’ll also run through the top 10 common financial problems faced by farms.
Registered attendees can submit their toughest farm accounting problems to the discussion leaders, who will provide advice during the workshop. You’ll take a financial stress test to see where you stand on typical farm finance problems and how to correct them.
Also, CliftonLarsonAllen CPA Paul Neiffer will share a case study on how one farm fell into financial distress and changed direction to right the ship.
Curt Covington, senior vice president of ag finance for Farmer Mac, will share his wisdom gleaned from years working with both farmers and lenders.
Mick Porter, vice president for credit at Farm Credit Services of America, will share tips on how to work with lenders.
What you’ll learn
Here are the topics on the agenda:
Understanding the Farm Financial Standards Council guidelines and farm financial statements
Case study: How and why this working farm went through financial crisis, and the changes needed to right the ship
Tough conversations: Communicating the good, bad and ugly about farm finances
Do’s and don’ts of working with your lender
Panel discussion: Real-world challenges in on-farm accounting and bookkeeping
Using contribution margins to make business decisions
Tax reform: On-farm implications
Working with lenders to manage working capital, cash flow and debt servicing capacity
Top 10 common financial problems faced by farms
Losing liquidity: What’s your burn rate and how do you fix it?
Pop quiz: Let’s take a financial stress test
Cash vs. accrual accounting: Why does this matter?
Panel: What keeps you up at night? Your most important questions answered
Attendees also will have a chance to receive free Farm Financial Standards Council guidelines.
To register or get more information, go to www.farmfuturesbootcamp.com. For your convenience, this event is scheduled one day before the Farm Futures Business Summit (Jan. 18-19) at the same venue. Why not come to both events and save even more on early registration?
The Farm Futures Ag Finance Boot Camp is sponsored by Farm Credit, Farmer Mac and Farmers Mutual Hail, with special cooperation from the Farm Financial Standards Council.
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