Farm Financial Fluency Training

MWAF and Farm Management Canada are pleased to present the Farm Financial Fluency training program to Canadian women in ag and food.

By Farm Management Canada-Gestion agricole du Canada

Date and time

Starts on Tue, May 28, 2024 9:00 AM PDT

Location

Online

About this event

The Farm Financial Fluency Training Program will be delivered by Farm Management Canada and MNP and take place over three sessions.

Please be prepared to attend all three sessions to get the most out of the program. Sessions will occur on:

May 28, 2024 from 11 a.m. to 1 p.m.
June 4, 2024 from 11 a.m. to 1 p.m.
June 11, 2024 from 11 a.m. to 1 p.m.

All times listed in Central Time (CT)

Your registration applies to all three sessions.

About the Program

Financial literacy is a fundamental starting point for effective business management, helping producers and entrepreneurs understand the direct impact of their business decisions, and opportunities available going forward.

Through the Farm Financial Fluency training program, you will learn:

Why financial reporting is important and to whom
Key differences between types of financial reporting and who uses what
Different farm business structures and their impact on financial reporting
How to interpret your financial statements (balance sheet, income statement)
Financial ratios and how to use ratios to analyze risk
How to spot potential financial issues and opportunities
Tools and resources available to manage financial risk

This program was created for Canadian Farmers, but the principles and information in it are applicable to many sectors and enterprises. The Case Study and some examples will reflect horticulture operations, however the fundamentals apply across commodities.

Session Topics

Farm Financial Fluency – Session 1

Why is Farm Financial Fluency important?
Cash versus Accrual Accounting
Business Structures
Financial Reporting
Financial Statements: Balance Sheet

Farm Financial Fluency – Session 2

Financial Statements: Income Statement
Cash Flow
Ratios and Analysis
Sector-Specific Metrics and Ratios
Managing Financial Risk
Resources Available

Farm Financial Fluency – Session 3

Case Study (pre-read)
Interpretation of the case study and application of a specific farm situation

Farm Financial Fluency – Optional Complimentary Meeting

Optional one-time complimentary meeting with an MNP business advisor to discuss the interpretation of your financial statements (60 minutes)

Registration

FREE for Canadian Residents with priority given to underrepresented women.

By signing up for this program, you agree to a FREE membership with the MWAF. You may opt out of this at any time by contacting MWAF at https://mwaf.ca/contact-us/

Organized by

Farm Management Canada-Gestion agricole du Canada

We are the only national organization dedicated exclusively to providing the resources necessary to enable Canadian farmers to make sound management decisions. Farm Management Canada partners with industry stakeholders, including: governments, public and private sector organizations, and farm and commodity associations, to promote and foster the development of excellence in Canada’s agricultural sector. Supported by Agriculture and Agri-Food Canada, and a growing number of private partners, Farm Management Canada is fulfilling a significant role in nurturing a thriving Canadian agriculture industry.

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Gestion agricole du Canada (GAC) est le seul organisme national qui se consacre exclusivement à l’élaboration et à la distribution d’information spécialisée en gestion agricole au Canada. Gestion agricole du Canada, dont les efforts sont appuyés par Agriculture et agroalimentaire Canada ainsi que par un nombre croissant de partenaires du secteur privé, joue un rôle important dans l’épanouissement d’un secteur agricole canadien prospère.

Free