Basic Farm Finance Training Offered

11/26/2012

The Cornell Cooperative Extension (CCE) associations of northern New York are offering basic financial management training for farm business owners and managers.

Educators will cover the three basic financial statements every farm business should use, record-keeping systems, inventory management, cash flow versus profitability, crop insurance and risk management.
 
The 1 p.m. to 3 p.m. course qualifies for FSA Borrower Training Credits. Cost is $10 per class per farm or $25 for the series of three classes.
 
This class is for beginning farmers and farmers who want to know more about basic bookkeeping, and such tools as profitability measures, accrual accounting, and depreciation. The small classroom setting allows for lots of questions and one-on-one help from instructors.
 
Instructors Peggy Murray and Anita Figueras say at the end of the course participants will be able to track income, expenses and inventory in the form of a farm business summary and have a good start on a plan for improving farm profitability in 2013. 
 
The Managing with Finance training will be offered in:
Plattsburgh: December 10, January 7 and January 21; CCE Clinton County office, 6064 NYS Rte 22. Preregister by December 3 with CCE Clinton County, 518-561-7450.
 
Malone: December 11, January 8 and January 22; Franklin County USDA Service Center, 151 Finney Boulevard. Preregister by December 3 with CCE Franklin County, 518-483-7403.
 
Burrville: December 12, January 9 and January 22; Farm Credit East, 25417 NY Route 12. Preregister by December 10 with CCE Lewis County, 315-376-5270.
Canton: December 12, January 9 and January 23; CCE St. Lawrence County Extension Farm Learning Classroom, 2043B St. Hwy. 68. Preregister by December 10 with CCE St. Lawrence County, 315-379-9192.
 
Westport: December 14, January 10 and January 24; CCE Essex County office, 3 Sisco Street. Preregister by December 10 with CCE Essex County, 518-962-4810, ext. 0.