Farm Financial Fluency Training Program for Canadian Beef Farmers

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Farm Financial Fluency Training Program for Canadian Beef Farmers

Farm Management Canada is pleased to present the Farm Financial Fluency training program to Canadian beef farmers.

When and where

Date and time

Location

Online

Refund Policy

No Refunds

About this event

  • 4 days 2 hours
  • Mobile eTicket
Farm Financial Fluency Training Program for Canadian Beef Farmers image

The Farm Financial Fluency Training will be delivered by Farm Management Canada and MNP and take place over three sessions.

Please be prepared to attend all three session to get the most out of the program. Sessions will occur on:

  • December 12 from 1-3pm EST
  • December 14 from 1-3pm EST
  • December 16 from 1-3pm EST

Your registration applies to all three sessions.

About the Program

Financial literacy is a fundamental starting point for effective farm business management, helping producers understand the direct impact of their business decisions, and opportunities available going forward.

Through the Farm Financial Fluency training program, you will learn:

  • Why financial reporting is important and to whom
  • Key differences between types of financial reporting and who uses what
  • Different farm business structures and their impact on financial reporting
  • How to interpret your financial statements (balance sheet, income statement)
  • Financial ratios and how to use them to analyze risk
  • How to spot potential financial issues and opportunities
  • Tools and resources available to manage financial risk

This program will be directed to beef producers within Canada.

Session Topics

Farm Financial Fluency – Session 1- December 12

  • Why is Farm Financial Fluency important?
  • Cash versus Accrual Accounting
  • Business Structures
  • Financial Reporting
  • Financial Statements: Balance Sheet

Farm Financial Fluency – Session 2- December 14

  • Financial Statements: Income Statement
  • Cash Flow
  • Ratios and Analysis
  • Sector-Specific Metrics and Ratios
  • Managing Financial Risk
  • Resources Available

Farm Financial Fluency – Session 3- December 16

  • Case Study (pre-read)
  • Interpretation of the case study and application of a specific farm situation

Farm Financial Fluency – Optional Complimentary Meeting

  • Optional one-time complimentary meeting with an MNP business advisor to discuss the interpretation of their your financial statements (60 minutes)

Registration

$250+HST

Multiple Farm Team Member Discount - Please use the promo code "SecondPerson" to receive a 50% discount on additional team members.