The Farm/Ranch Business Management Program is an educational effort to assist farm families in achieving business and personal goals. The focus of this program is to improve the profitability of the farm/ranch business by keeping detailed production and financial records. Instructors conduct monthly on-the-farm training visits with individual farm families. The actual farm/ranch transactions are entered into a computer where monthly and annual printouts can be generated. Cash flow projections/analysis, income tax planning, management decisions, and loan applications become much simpler with current information. Management of a farm/ranch is primarily a decision-making process. The purpose of this program is to give you the tools to better work through that process. The program is designed to be spread over two or three years, depending on the farm/ranch family’s computer and basic business skills. Farm/ranch families may enroll at anytime during the year, but it is recommended that they enroll at the beginning of their financial year. Instruction is two to three hours once a month (more if necessary) at the farm/ranch site with some group meetings held to discuss and give instruction on topics of common interest. All financial and production records and other information are kept strictly confidential between the instructor and the farm/ranch family.
Meets FSA borrower training requirements
Will help ensure that you have complete farm financial records.
Increases knowledge of business strengths and weaknesses.
Will give you the ability to determine exact financial and production progress annually.
Will give you the opportunity to benchmark your business against data from other farms and ranches.
Gives you access and assistance in using the FINPAK software to compile additional annual reports for your business.
Contact our office at 435-283-7336 or cell 435-851-0868
Pay the program fee. There is an annual fee of $240 for the program services.
You must have or purchase QuickBooks for you business – this is the accounting program primarily used for record keeping purposes.