Learning to manage your farm like a business can help you to be more profitable! Join us for the 2024 Small Farm Financial Management College. Complete your registration here.
This course is designed to help landowners examine potential ways to increase profits on their properties. The program is open to all new or aspiring farmers, new rural landowners, small farmers, and farm families looking for new ideas.
During this college, participants will be challenged to develop realistic expectations for their new farm business. They will receive information on getting started, identifying the strengths and weaknesses of their property, and developing a farm business plan. Information on farm finances, insurance, liability, labor, and marketing will be covered during the college.
This program can qualify attendees for the Ohio Department of Agriculture’s Beginning Farmer Tax Credit Program.
Thanks to our sponsors, scholarships are available!
•Hall Hunger Initiative is sponsoring 2 scholarships and a meal. Contact Alex Klug at alex@hallhungerinitiative.org to apply.
•Greene County Farm Bureau is sponsoring a scholarship to a Farm Bureau Member. A draw will be made among members when registration closes.
Small Farm Financial Management College Syllabus
Session I – Getting Started on Your New Farm Business
Presenters: Pam Bennett and Marina Miquilini, OSU Extension
* Developing real-life expectations for your farm.
* Assessing your property and resources.
* Developing a farm business plan, including setting your family and farm mission, goals and objectives.
* Understanding farm business structures.
Session II – You Can’t Measure What You Don’t Track. Farm Recordkeeping, Budgets and Taxes
Presenter: Greg Meyer, OSU Extension
* Recordkeeping for farm businesses.
* Using enterprise budgets to project farm income.
* Developing cost of production projections.
* Introduction to farm taxes.
Session III – Money, Money, Money! Managing your Small Farm’s Finances
Presenter: Eric Richer, OSU Extension
* Developing a family and farm balance sheet.
* Developing financial statements including cash flow and income statements.
* Managing family and farm income and expenses.
Session IV – The Legal Side of Farm Financial Management
Presenter: Peg Hall, OSU Extension
* Legal instruments for farm financing.
* Loan options for small farms.
* Farm leases and contracts.
* Overview of risks on the farm.
* Liability insurance needs for small farms.