For people who are concerned about potential long-term care (LTC) costs, LTC insurance may be an option. Several insurance companies sell these policies that pay out to cover some or all LTC costs. There are many different types of policies and coverages available. For example, some coverages may start soon after LTC is needed while some coverages will […]
When going through the estate planning process, determining and implementing the terms and conditions of the will or trust consume the most time. However, some thought and consideration should be given to the Power of Attorney (POA) documents that are typically completed at the same time as the will or trust. The POA documents designate who may act on behalf of someone who is alive but unable to act for themselves. These documents are very important, especially for those people who are operating farms and businesses. Read more here…
Do you know how to identify signs of worsening mental health in adults? Would you know how to respond and provide support if someone was experiencing a mental health crisis?
In Ohio, 16 of the 17 counties with the highest rates of suicide are rural. Behind every number is a person who was a friend, family member, colleague, or neighbor. Sign up for Mental Health First Aid training and learn how to recognize signs and symptoms of mental health challenges in adults and how to help in a mental health crisis.
This course is valued at $170 but is FREE thanks to funding from a USDA FRSAN grant.*
*This research was supported by the intramural research program of the U.S. Department of Agriculture, National Institute of Food and Agriculture, 7 U.S.C 5936, Section 7522 of FCEA of 2008, Farm and Ranch Stress Assistance Network (FRSAN).
Solar and wind energy development is thriving in Ohio, and most of that development will occur on leased farmland. Programs in the newly enacted federal Inflation Reduction Act might amplify renewable energy development even more. The decision to lease land for wind and solar development is an important one for a farmland owner, and one […]
It’s time once again! The Clermont SWCD is offering tree and shrub seedlings, as well as a few native perennials at discount prices. This program offers the opportunity for individuals to develop small areas of reforestation, wildlife enhancement, or additions to home landscaping.
Join us for these FREE sessions that are part of Annie’s Project Mitigating Risk Across Common Barriers to Profitability webinar series. This material is based upon work supported by USDA/NIFA under award number 2018-70027-28588.
March 3, 2022 – 12:00 PM Eastern Time (US and Canada) Register for FREE
Recordkeeping A Necessary Skill
Recordkeeping is a necessary skill for all business owners. Farm records include everything from financial to production. This session will provide some ideas on recordkeeping practices as well as organizing records for farm enterprises.
Presented by Shannon Dill, Extension Educator – AGNR University of Maryland Extension – Talbot County
March 10, 2022 – 12:00 PM Eastern Time (US and Canada) Register for FREE
Enterprises – Who Are Your Winners & Losers? Introduction to the Rutgers Cost Accounting Spreadsheet
This webinar will explain how to use user-friendly software to develop enterprise budgets. It uses Microsoft Excel and is distributed by Rutgers University to develop an enterprise budget showing costs and returns for each crop that you produce. The spreadsheet uses information that you already have on hand from your accountant: income statement (or Schedule F) and balance sheet. The spreadsheet then generates the costs and profitability of each crop. Thus, you know which crops are winners and losers; thus, giving you information to make decisions on pricing, reducing unprofitable production costs, and increasing sales of profitable crops.
The program also calculates the percentages of each overhead cost, 17 key financial ratios, and a cash flow statement to allow you to plan for your monthly cash flows.
In addition to analyzing your actual costs, you can use the spreadsheet as a planning tool to analyze the impact of increased costs and prices as well as changes in marketing mixes, or other changes you are considering in your business. The spreadsheet can also be used to enter pro forma data for a future farm business.
Presented by Dr. Robin Brumfield, Specialist in Farm Management, Rutgers University, New Jersey
March 17, 2022 12:00 PM Eastern Time (US and Canada) Register for FREE
Pricing for Profit
Understanding how to price your products is critical to your farm’s bottom line. Contrary to common practice, your pricing strategy should take into consideration multiple factors. This webinar will introduce you to the three big “C’s” to consider when determining prices for your products.
Presented by Kenesha Reynolds, Agriculture Business Management Specialist, University of New Hampshire Extension
Mar 24, 2022 12:00 PM Eastern Time (US and Canada) Register for FREE
Taking A Deeper Dive – Benchmarking and Financial Analysis
You have your numbers from your records and financial statements but what do they mean? In this session, we will take a “Deeper Dive” into the numbers and discover how you can take data from your farm and turn it into meaningful information for farm business decision making through benchmarking and financial analysis.