Full course description
This five-part, 15-hour program is designed to assist beginning farmers and ranchers gain knowledge, address problems or operational weaknesses, and plan for financial success.
This course will cover general goal setting, risk management, and planning. Participants will have 1 year (365 days) to complete the course andreceive a certificate.
After completing this course, participants will be able to:
- Describe the specific goals of the farming or ranching operation, any changes required to attain the goals, and outline how these changes will occur using present and projected cash flow budgets.
- Maintain and use a financial management information system to make financial decisions including:
- Understanding and using an income statement
- Understanding and using a balance sheet
- Understanding and using a cash flow budget.