Ohio State University Extension-Fulton County will again be offering its NextGen Farm Management Series on Tuesday nights from 6:30-9:00 pm in February.
Although the series targets “next generation” farmers/couples and first time farm buyers, any farmer is welcome to participate in order to improve their farm operation.
This year’s program will be focused on cost control and farm profitability. Each night will feature a guest speaker as well as a preparation session on completing a FinPack® financial analysis package for the farm. At the end of the series, each farmer will have the opportunity to submit for the FinPack® analysis (additional cost) to benchmark a farm against others in the Corn Belt or use the financial statement data on their own. The series, which runs February 2, 9, 16 and 23 for two and half hours each night is taught by a combination of Extension Educators and state specialists and private sector individuals. Topics include:
February 2:
• Making Your Records Do More than the Tax Return
• An Introduction to the FinPack® Financial Analysis System and Balance Sheets.
February 9:
• Developing Your Farm’s Business Plan
• Completing the Income Statement and Cost Analysis
February 16:
• Grain Marketing & Crop Insurance Strategies
• Calculating Each Enterprise’s Cost of Production
February 23:
• Options for Paying Members in a Family Farm LLC
• Completing the Ending Balance Sheet and Making Adjustments
The total cost for the series is $40 and includes materials and light refreshments. The farm management series will be held at the Robert Fulton Ag Center, 8770 State Route 108, Wauseon, Ohio 43567. The registration form can be downloaded at www.fulton.osu.edu . Call 419-337-9210 or email richer.5@osu.edu for more information.