Farm Pulse: Financial Management and Analysis is a self-paced online course for farmers interested in learning how to use farm financials to explore their farm business decisions. This course will help farmers evaluate their finances, take the pulse of their farm business, and set goals for the future of their operation.
Participants are able to choose between either a dairy case farm or a livestock and grain case farm to follow throughout the series of 8 modules; completing hands-on, interactive financial activities related to these case farms. After completing the course, participants will be able to transfer these skills from the case farm to their own farm businesses. Instructors will be available throughout the course to provide technical support and a one-on-one financial review.
You will learn how to:
- Identify which records to collect for your farm business
- Compare and contrast financial strengths and weaknesses
- Organize financial information into financial statements
- Define the structure of balance sheets, income statements, statements of cash flow, and statements of owner equity.
- Interpret financial statements for the analysis of a farm’s financial position and financial performance
- Illustrate your farm’s plan to communicate with your lender
Form more information see the Farm Pulse Webpage at: https://farms.extension.wisc.edu/programs/farm-pulse/
