Armchair Farming: Basic Financial Management for Beginning Farmers

Real farm work is not just plowing fields, weeding, and transplanting. It’s also sitting down at a desk to look at the numbers. Ongoing financial management is essential to a profitable farm business. In this workshop farmers will learn about the advantages of market diversification, building good credit, choosing the right legal structures, and managing cash flow to limit financial risk. We’ll review the basic financial documents—profit & loss, balance sheets, statements of cash flow—and offer tips and techniques for good financial management.