This course will help you develop practical record keeping and bookkeeping
systems. You will learn to make basic revenue and expense bookkeeping entries, reconcile your bank balance, track
accounts payable and receivable, calculate and track depreciation, record and track inventory, and set up and maintain
basic bookkeeping records for your farm business.
Preparing and Understanding Financial Statements
This course will teach you how to prepare financial statements using information from your farm records.
You will learn how to prepare an income statement, a balance sheet, a statement of changes in financial
position, and cash flow projections.
Farm Business Analysis
This course will enable you to analyze your financial information. You will learn how to interpret
the balance sheet, income statement, and changes in financial position, use key ratios of solvency,
liquidity, profitability, and efficiency, evaluate the financial performance of various enterprises
on the farm, and reduce risk through use of break-even analysis, and partial budgets.
Farm Business Planning
This course will show you how to set business goals, prepare a human resource plan that includes employee
incentives, job descriptions, hiring the right person for your farm, and motivating employees, prepare a
marketing plan that includes a marketing strategy, pricing, promotion, and identifying markets, prepare
a production plan, prepare a financial plan that includes an income and expense statement, balance
sheet, cash flows, and partial budgets, plus much more!!!
Course Registration
Course Material
Each participant will receive a course binder to take home. It will
contain very useful and practical information, exercises, and work sheets on Farm Business Management.
Facilitators
These courses will be facilitated by the Farm Management Specialists.
Courses will involve group discussions, written exercises, and case studies.
Course Fee
$25 plus $3.75 HST per person
Comments
Here’s what some farmers had to say about the courses:
"It was well prepared and thought out. Cindy, Paul and Otto
were patient and helpful. I learned a lot and personally feel the knowledge I received
was worth the time and effort. I would recommend the workshop to fellow farmers." Rhonda Thornley, Strawberry Farmer, Campbellton
"As a novice in the business, I found the
Agri-business Planning Course to be an eye opener and well worth the effort." Ward George, Christmas Tree Farmer, New Harbour
Note: Courses will be offered at
other sites when demand warrants. Contact us if you or a group you are involved
with (eg. A particular commodity group or a Farm Management Club) would like to
arrange a special course.