Farm Financial Fluency Training Program for Canadian Dairy Farmers

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Farm Financial Fluency Training Program for Canadian Dairy Farmers

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

When and where

Date and time

Location

Online

Refund Policy

No Refunds

About this event

  • 4 days 2 hours
  • Mobile eTicket
Event image

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

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

  • February 27 from 1-3pm EST
  • March 1 from 1-3pm EST
  • March 3 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 Canadian dairy farmers.

Session Topics

Farm Financial Fluency – Session 1- February 27

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

Farm Financial Fluency – Session 2- March 1

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

Farm Financial Fluency – Session 3- March 3

  • 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 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.