Managing and forecasting cash flow is essential for any business. For farmers it’s particularly important given the highly variable income that comes with seasonal conditions, market fluctuations and unforeseen circumstances such as fire or floods.
Being prepared, both on the farm and on the books, will assist in preparing for and managing challenging situations.
Farm Cash Flow 101 is a two-session course designed to help farmers understand cash flow budgets, and develop confidence using spreadsheets for cash flow management.
Using case study figures from a farming operation, Farm Cash Flow 101 presenter farm business specialist Jim Moll, from AgBiz Assist, will show you how to develop a simple cashflow budget for your farm business, to get a better handle on managing income and expenditure over the next 12 months.
Once mastered, these simple Excel® spreadsheets can become an integral part of farm financial planning and management, revised regularly to reflect current circumstances.
The course will run over two days from 11 am to noon:
Monday 26 October
- Why cash flow budgets are important and how they assist farm businesses
- Introduction to cash flow budgeting and spreadsheet basics
Wednesday 28 October
- Adapting cash flow budgets to different production systems
- Refining the spreadsheet
REGISTRATION AND MORE INFORMATION
Register on Eventbrite: https://farm-cash-flow-budgets.eventbrite.com.au
Join-in information and an Excel® spreadsheet template will be provided prior to the sessions.
For more information: contact Greg Ferrier at greg.ferrier@agriculture.vic.gov.au or call 0438 738 634.