SDSU Extension will host two four-part classes focused on financial risk management on May 22 - June 27 from 5:30 PM - 8:30 PM MDT at two locations in western South Dakota.
Know Your Numbers, Know Your Options is an Annie's Project level 2 course targeting farm and ranch women giving them the ability to evaluate their farm and ranch operations in a period of lower revenues.
Women will gain the knowledge and experience to be able to examine their own balance sheet, income statements and cash flows for comparing their own numbers to help make rational decisions about declining incomes and tight cash flows, as well as, examine different leasing options to make informed decisions about land use. The different topics covered in this program are:
- Basics of Balance Sheet Construction and Analysis
- Cash Flow and Keeping Farm/Ranch Financial Records
- Income Statements Measuring Profitability
- Evaluating/Adjusting Leases
This material is based upon work supported by USDA-NIFA Under award number 2015-49200-24226. Materials are covered under the grant, with the exception of food, which is $40.
Tuesdays, May 22, June 12, 19, and 26, 2018, 5:30 - 8:30 PM MDT @ SDSU Extension Fall River County Office (709 Jensen Highway, Ste. B, Hot Springs, SD 57747).
Wednesdays, May 23, June 13, 20 and 27, 2018, 5:30 - 8:30 PM MDT @ Bad River Sr. Citizen Center (115 S. Center Ave., Philip, SD 57567).
Register online using the form below by May 20, 2018. Class space is limited. For more information, contact Shannon Sand, SDSU Extension Livestock Business Management Field Specialist.