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FARM Team » Workgroup » Financial and Strategic Managment

Financial and Strategic Managment

The mission of the F.A.R.M. Team’s Financial Management & Strategic Planning Workgroup is to improve the farm financial and decision-making skills of Wisconsin agribusiness and farm managers, agricultural lenders and UW-Extension Agents.

Resources

Interpreting Financial Statements and Measures (IFSaM) - Center for Farm Financial Management. This site was created to help producers understand how to interpret common financial statements. Learn how to use your financial statemetns in day-to-day managemetn of your farm management. Anyone with an internet connection can assess these videos.

Papers
Financial Benchmarking
Cost of Production
WI Dairy Data Fact Sheets

Financial Benchmarking (AgFA - Agriculture Financial Advisor)
Understanding your own financial profile is important for the success of your farm operation. Benchmarking helps you assess your farm operation and determine its strengths, weaknesses and areas where improvement is possible.

Decision-Making Tools
The Center for Dairy Profitability and affiliates have developed a number of tools to help improve production efficiency and profitability.

Record Keeping Software
Agricultural Accounting and Information Management System (AAIMS)
Integrated financial records system that enables farmers to organize and quickly analyze their financial records. Allows for the concurrent storage of physical information associated with the financial data.

Agricultural Budget Calculation Software (ABCS)
Farm management tool for the distribution, editing, printing, and creation of single and whole farm crop and livestock enterprise budgets and data sets. Is an interactive menu-driven stand alone computer program for use by extension personnel, researchers, farm managers, students and teachers. Windows95.

Curricula

Building a Vision - Financial Management and Analysis
This curricula provides agricultural producers with a working knowledge of finance and strategic planning to help improve their ability to reach desired personal and business goals. Producers will increase their understanding of profitability, cash flow, and other financial measures used in the industry. There is ample discussion on how financial issues influence the decision making process in their business.

Training

For more information on any of the training sessions, please refer to the "Upcoming Events.  For more information on trainin CONTACT: Jenny Vanderlin, 608.263.7795


Quickbooks Training for the Beginner
10:00 a.m. – 3:00 p.m.
January 7th, 2009: WITC, Rice Lake
January 14, 2009: UW-River Falls
February 20,2009: MATC-Reedsburg

Heart of the Farm - Green Fields (Financial Risk Management)
10:00 a.m. - 3:00 p.m.
January 20, 2009: Kraemer Library and Community Center, Plain WI
January 22, 2009: FSA Outagamie County Office, Appleton, WI
January 29, 2009: Chippewa Falls, WI