Farm Financial Fluency Training Program in Partnership with BFO

Beef Farmers of Ontario are pleased to present a new Farm Financial Fluency training program to their members.

By Farm Management Canada-Gestion agricole du Canada

Date and time

Starts on Tue, Dec 7, 2021 10:00 AM PST

Location

Online

Refund Policy

Contact the organizer to request a refund.

Eventbrite's fee is nonrefundable.

About this event

The Farm Financial Fluency Training will 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 7 from 1-3pm EST
December 14 from 1-3pm EST
December 21 from 1-3pm

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, cash flow)
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 Ontario beef producers and will be applicable to farmers across the industry – from cow-calf producer to feedlot operations. You may register even if you are a producer from another province .

For more information visit: visit: fmc-gac.com/fff

Session Topics

Farm Financial Fluency – Session 1- December 7 (1-3pm EST)

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

Farm Financial Fluency – Session 2- December 14 (1-3pm EST)

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 21 (1-3pm EST)

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 own financial statements (60 minutes)

Please Note:

You may register for this program even if you are not a member of BFO.

Organized by

Farm Management Canada-Gestion agricole du Canada

We are the only national organization dedicated exclusively to providing the resources necessary to enable Canadian farmers to make sound management decisions. Farm Management Canada partners with industry stakeholders, including: governments, public and private sector organizations, and farm and commodity associations, to promote and foster the development of excellence in Canada’s agricultural sector. Supported by Agriculture and Agri-Food Canada, and a growing number of private partners, Farm Management Canada is fulfilling a significant role in nurturing a thriving Canadian agriculture industry.

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Gestion agricole du Canada (GAC) est le seul organisme national qui se consacre exclusivement à l’élaboration et à la distribution d’information spécialisée en gestion agricole au Canada. Gestion agricole du Canada, dont les efforts sont appuyés par Agriculture et agroalimentaire Canada ainsi que par un nombre croissant de partenaires du secteur privé, joue un rôle important dans l’épanouissement d’un secteur agricole canadien prospère.

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