Session Category : Bootcamp
Speakers present consecutively during session.
Paul NeifferUnderstanding 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 NeifferCase 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 WinsorTough 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.