Ag Finance Boot Camp Schedule

All Sessions

January 17, 2018

7:00  -  8:00

Registration

Pick up your registration packet, network and visit with exhibiting sponsors.

January 17, 2018

8:00

Morning block

Speakers present consecutively during session.

Paul Neiffer
Paul Neiffer
Understanding the FFSC guidelines and farm financial statements
This session will provide a review of the Farm Financial Standards and how they can help your business be more profitable.
Paul Neiffer
Paul Neiffer
Case study: How and why this working farm went through financial crisis, and the changes needed to right the ship
In this mini workshop you will discuss a case study of a real farm in financial crisis. What factors led up to the problem? What could the operators have done in advance to prevent this? How can people use their books and finances to recognize the leading indicators of danger? What are the key takeaways from any situation such as this? The session will focus on Managing cash flow projections; Fixing holes in a balance sheet; and using ratios to gauge financial performance.
LaVell Winsor
LaVell Winsor
Tough conversations: Communicating the good, bad and ugly about farm finances
It’s important to have clear communication with your spouse and children to make sure everyone is on the same page for the future. None of us know when our last harvest will be. Have the tough conversations with those most important to you, and don’t leave them wondering what your wishes are.

January 17, 2018

10:00  -  10:30

January 17, 2018

10:30  -  11:00

Do’s and don’ts of working with your lender

Curt Covington
Curt Covington
Access to capital has never been more important for farmers. How to get the most out of this valuable business partner.

January 17, 2018

11:00  -  12:00

Panel discussion: real world challenges in on-farm accounting and bookkeeping

LaVell Winsor
LaVell Winsor
This panel discussion will focus on real-world farm finance/accounting problems and how people solve those issues. Topics will include communication with spouses, business relationships and what they learned from their mistakes.

January 17, 2018

12:00  -  1:00

Lunch

Sponsored by Cropzilla Software, Inc.

January 17, 2018

1:00  -  2:45

Early afternoon block

Speakers present consecutively during session.

Paul Neiffer
Paul Neiffer
Using Contribution Margins to Make Business Decisions
This session will explain why contribution margin analysis is more valuable to your operation than net income.
Paul Neiffer
Paul Neiffer
Tax reform: On-farm implications
If we have tax reform, what are the top 10 things farmers need to know?

Mick Porter
Mick Porter

Working with lenders to manage working capital, cash flow and debt servicing capacity
For many farms facing four years of soft grain prices, cash flow is becoming a challenge. Learn how lenders think when it comes to working capital, cash flow and debt servicing capacity.

LaVell Winsor
LaVell Winsor
Top 10 common financial problems faced by farms
Although each farm is different, there are common themes among the difficulties facing farms with the current downturn in the agriculture economy. Spoiler alert – there are few easy answers.

January 17, 2018

2:45  -  3:15

January 17, 2018

3:15  -  4:30

Late afternoon block

Speakers present consecutively during session.

Mick Porter
Mick Porter

Losing liquidity: What’s your burn rate and how do you fix it?
Farmers, do you know if you’re losing money? Make sure you understand your balance sheet and the tools you need to correct any financial problems.

Paul Neiffer
Paul Neiffer
Pop quiz: Let’s take a financial stress test
Are you financially stressed… and don’t even know it? What are the warning signs? Attendees will answer test questions and discuss in class.
Curt Covington
Curt Covington
Cash vs. accrual accounting: why does this matter?
Learn the difference and why it matters now more than ever.
Curt Covington
Curt Covington
Panel: What keeps you up at night? Your most important questions answered
Before the event, we ask attendees to share their most urgent farm accounting and bookkeeping questions. Get answers to real-world problems.