Farm Financial Peer Learning Circles

Assess Your Farm Business Health within Farm Financial Peer Learning Circles

Friday, January 14, 2022, 12:00 PM - Tuesday, February 15@ 12:00 PM

Farm Financial Skill Building - Helping Farmers be Better Financial Managers

There is no substitute for hands-on experience in financial decision making. Production skills can be learned on the job but financial savvy not as much. It is rare for the farm owner to open their financial books to their employees or even the family members and discuss financial decisions. Even when farm employees or family members have this opportunity, their experience is usually limited to their farm alone making it even harder to assess the quality of financial decisions being made.

To close this gap, facilitated peer-to-peer learning circles are offered to help enhance farmers' understanding of the impact of financial decisions on the farm's profitability through the sharing of individual farm finances and their impact.

The participants will:

Work in small groups to assess and streamline their farm’s accounting system and customize their Chart of Accounts to make better business decisions and compare their business to standardized industry and peer benchmarks.

Learning alongside peer farmers to better understand the typical, the possible, and the totally unexpected in farm finances, participate in five round-table sessions (March-August 2022) alongside peer farmers operating at similar scales throughout NYS to discuss financial decision-making opportunities.

Receive detailed financial benchmarks that compare key indicators for their farm with similar peer farms. You’ll also receive a free electronic tablet, allowing them to continue connecting with CCE and your peers for ongoing support!