Farm Financial Management Webinar Series
This webinar offers participants information to help them better understand the farm business’s financial statements and how to use them to make management decisions. This series is for farm business owners who want to improve financial management and managing risk.
Webinar Session 1 – “Farm Business Planning and Systems Management”
- Is the operation large enough and profitable enough to provide family living draw?
- Is the business plan built on economic considerations?
- Is there an adequate system for obtaining management information and monitoring business performance?
- Instructional Material
Farm Business Planning and Systems Management
- Click here to access Webinar Session 1: http://go.osu.edu/farmfinance1
Webinar Session 2 – “Introduction to Financial Statements”
- Balance sheets
- Income statements
- Statement of cash flows
- Statement of owner equity
- Projected cash flow budget
- Instructional Material
Introduction to Financial Statements Handouts
- Click here to access Webinar Session 2: http://go.osu.edu/farmfinance2
Webinar Session 3- ” Farm Financial Ratios”
- Liquidity: What are options to correct liquidity concerns?
- Solvency: What options does a farm owner have in correcting this?
- Profitability: Rate of return on farm assets- can I really affect this?
- Repayment Capacity: Do I have the ability to repay the loan on the next farm?
- Financial Efficiency: Am I using my money to its fullest potential?
- Instructional Material
Beginning balance sheet 1-1-13
Measuring and Analyzing Farm Financial Performance
- Click here to access Webinar Session 3: http://go.osu.edu/farmfinance3
Webinar Session 4- “Using Financial Data to Drive Decisions”
- Determining risk capacity
- Capital improvement plan- short and long term
- Individual enterprise analysis to determine profitable enterprises
- Decision time using case farms
- Instructional Material
Financial Data Driven Decisions [Read-Only]
- Click here to access Webinar Session 4: http://go.osu.edu/farmfinance4