KNOW YOUR NUMBERS, KNOW YOUR OPTIONS!
Cash Flow & Keeping Financial Records | Farming Financial Literacy Series
Annie's project empowers women in agriculture to be successful through education, networks, and resources. There are uncertainties with agriculture finances. Let us help you get prepared. This session will break down the why and how of keeping financial records and how they contribute to your understanding of farm cash flows. We will discuss techniques and tools for keeping accurate financial records.
This program is free, but registration is required. Visit go.illinois.edu/FarmFinances2023 or call (618) 687-1727 to reserve a spot.
University of Illinois Extension provides equal opportunities in programs and employment. If you need a reasonable accommodation to participate in programming, contact Katie Bell at firstname.lastname@example.org. Early requests are strongly encouraged to allow sufficient time for meeting your needs.
Explore The Four-Part Series for Women in Agriculture
Annie's Project Farming Financial Literacy Series is designed for women in agriculture. This four-part part program will focus on managing farm cash flow during times of low revenue and tight cash flow. Each week, the program will cover a different aspect of financial records and documents.
- Balance Sheet Construction & Analysis- Participants can network with fellow participants (women in agriculture) and receive all materials for this four-week series. This session will also cover the components of balance sheets, basic vocabulary, and some of the key financial ratios used to evaluate small businesses.
- Cash Flow & Keeping Financial Records- This session will break down the why and how of keeping financial records and how they contribute to your understanding of farm cash flows. We will discuss techniques and tools for keeping accurate financial records.
- Income Statements - Measuring Profitability- Learn about income statements and how they help calculate financial efficiencies. Learn how to extract the financial ratios, measure farm profitability, and bridge between two balance sheets. We will also cover the differences between cash and accrual accounting.
- Evaluating & Adjusting Cash Leases- In this final session, we will cover various types of farm leases. Explore several examples of lease forms and discuss resources for determining what system will work best for you.