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Building A Vision

Building A Vision. Financial Management & Analysis Workshop Series. What Is It?. Strategic Planning: SWOT, Mission Financial Statements Data Collection Whole Farm Analysis Setting Goals to Improve Profitability Decision Making. Opportunities. Strengths. Threats. Weaknesses.

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Building A Vision

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  1. Building A Vision Financial Management & Analysis Workshop Series

  2. What Is It? • Strategic Planning: SWOT, Mission • Financial Statements • Data Collection • Whole Farm Analysis • Setting Goals to Improve Profitability • Decision Making Opportunities Strengths Threats Weaknesses

  3. Who Should Attend? Farm Business Families, Owners/Managers and Operators Desiring to: • Improve their financial profitability • Evaluate the overall financial condition of their business • Develop a strategic plan • Make decisions based on critical issues

  4. How Is It Taught? • Interactive learning with Bella Acres case farm • Hands-on opportunities to apply learned skills • Identification of critical issues and action plans developed • Participant “driven”

  5. Participation/Comments • Participants from over 30 farms Comments: “I need to increase production on the cows and increase crop yield to make more profit.” “I better understand where I can improve my income and do a better job all around.” “I wish I would have known this information before I started farming.”

  6. Participation/Comments “Everyone who wants to start farming should know this.” “Stakeholders – didn’t realize the impact of all other businesses and people involved.” “Realized the impact of many different roles for various stakeholders in the business and how to use roles most effectively.” “It makes you pay attention to the little details most farmers overlook.”

  7. Developed By: Financial Working Group UW-Extension F.A.R.M. Team (Farm and Risk Management Team) Bob Cropp Carl Duley Gregg Hadley Lee Milligan Jenny Vanderlin Jon Zander

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