After completing several years of Annie’s Project workshops, a new workshop focused on the topic of Financial Risk Management is being piloted this winter in four Ohio counties, Erie, Knox, Ross and Wood. The Farm Finance for Women workshops are designed as a “next step” for women who have participated in Annie’s Project, but will be open to anyone. There are no prerequisites for the workshop, but there will be hands on learning opportunities and homework!
The workshop consists of four classes held once a week in the evening. The overall objective of the workshop is to help participants to learn how to gather and organize financial information. As a result, they will be able to use this information as a basis on which to make farm decisions, not just for tax management purposes. Specific topics will address: cash flow, how we manage money for both family living and the business, balance sheet and income statement development, Quicken basics for farm recordkeeping, figuring financial ratios, and benchmarking your numbers against other farms that are similar to yours. The workshop will wrap up with a local ag lender discussing the need for the information provided by the financial statements that the participants have learned how to develop throughout the class.
Registration will be conducted by each host county and will be limited to 10 -12 women per county. The small class size will enable more interaction and computer time. The registration fee will be $50 per person. The fee will help cover the cost of materials and refreshments. Each participant will receive curriculum including the Ohio Quicken Manual for Farm Records, Money Talk, a Financial Guide for Women, and various other Extension factsheets and bulletins. The workshop is also supported by a grant from the North Central Risk Management Education Center, which has enabled the workshop fee to be kept at a lower rate and still provide several tools for participants to take home.
Workshops will be held in:
Wood County—Wednesdays, February 9, 16, 23; contact: Doris Herringshaw; 419-345-9050; firstname.lastname@example.org
Erie County—Thursdays, February 17, 24, March 3 and 10; contact: Julia Nolan Woodruff; 419-627-7631; email@example.com
Knox County—Wednesdays, January 19, 26, February 2 and 9; contact: John Barker; 740-397-0401; firstname.lastname@example.org
Ross County—Tuesdays, February 1, 8, 15, 22; contact: Dave Mangione; 740-702-3209; email@example.com