| Farm planning, financial workshop set for Dec. 11-12 in library basement
When harvesting is done and calves and lambs are ready for market, it's
time to improve your farm and ranch management skills. The Montana State
University Extension Service has scheduled a series of basic farm planning
and financial workshops this fall in Great Falls, Glasgow, Sidney and Crow
Agency.
The workshop in Sidney is Dec. 11-12 from 9 a.m. to 4 p.m. in the
library meeting room.
During the workshops, MSU economists will provide 10 to 12 hours of
instruction and practice in applying farm planning and financial
monitoring concepts and techniques.
Participants will be able to work on issues pertinent to their own
farms and ranches. Early in the workshop participants will be asked to
identify short and long term family and farm/ranch goals. This will
provide participants with a starting point for developing a goal-directed
farm and ranch management plan.
Major topics will include: identification of family and farm/ranch
goals as a basis for management; enterprise budgeting to assess expected
profitability of each major crop and livestock activity on the farm/ranch;
whole-farm budgeting to assure there is consistency between the land use
plan, livestock plan and livestock feed plan on integrated operations;
cash flow budgeting to identify income, expenses and determine borrowing
needs; and partial budgeting procedures useful in assessing the impacts of
a proposed change in a particular activity on the overall profitability of
the farm or ranch.
Persons interested in attending these workshops should contact the
local coordinating MSU Extension county agent at the location they plan to
attend. The charge for materials is $100 per farm/ranch operation. All
family members participating in the management of the farm or ranch are
encouraged to attend and are covered by the $100 fee. Pre-registration and
pre-payment are required with the coordinating county agent one week
before the start of the workshop.
Checks should be made payable to the MSU Extension Service. Contact Red
Lovec at (406) 433-1206, 123 West Main Street, Sidney, MT 59270-4129. |