Producers new to farming, beginning farm managers, or farm managers who want to re-focus on the financial management of their farm business will all benefit from participating in the 2016 Farm Management Seminar series. The goal of the program is to help young and beginning farmers learn how to become financially savvy and how to make their agricultural operation successful. In the current agricultural climate of low commodity prices and rising input costs financial management is very important to help farmers determine which parts of their farm operation is profitable or not profitable. This program will help participants develop skills to analyze enterprise costs and to work with agricultural lenders. Based on that information they can decide if changes are needed, if the enterprise should continue, or if other options should be considered.
The farm management seminar series will be held Thursday evenings January 7, 14, 21, 28 and Feb. 4 for two hours each night from 7:00 pm to 9:00 pm. The seminar series will feature a mix of on-site presenters and off-site webinar presenters. Presenters include OSU Extension educators, Extension specialists and representatives from local agricultural financial institutions. The farm management seminar series will be held in the commissioner’s meeting room located in the Wayne County Administration building at 428 West Liberty Street in Wooster. Topics that will be covered in the series include:
- What Is the Mission of Your Farming Operation
- Making Record Keeping Do More Than the Tax Return
- Developing Your Balance Sheet
- Basics of Finance
- Developing Your Business Plan
- Farm Transition Planning
- Ag Law 101
The farm management seminar series is sponsored by Farm Credit Mid-America and Farmers National Bank.
Registration for the workshop series is $50 and includes the program, handouts and a light supper provided each evening. Contact Rory Lewandowski at the Wayne County Extension office (phone: 330-264-8722, email: firstname.lastname@example.org) for more information or a registration form. The deadline to register is January 1, 2016. An informational flyer and registration form is available on the Wayne County Extension web site at: http://go.osu.edu/farmmgmtseminar. Registration is limited to the first 30 paid registrants.