Ag Land Management 1 (ALM1) | Education Week

Starts:  Jul 16, 2020 8:00 AM (CT)
Ends:  Jul 18, 2020 5:00 PM (CT)

Farm Budgeting

  • How are budgets used and the questions a budget should answer
  • What information is needed to prepare a budget
  • Difference between fixed and variable costs
  • Difference between a partial budget and an enterprise budget
  • Cash flow budgets
  • How other budgets fit into a whole-farm budget
  • Farm financial analysis tool
  • Budget case studies

Farm Accounting & Financial Statements

  • Overview of accounting
  • Financial statements
  • Balance sheets
  • Assets and liabilities
  • Income statements
  • Cash flow statements
  • Statement of Owner’s Equity
  • Financial ratios

 Farm Finance

  • How to evaluate an investment
  • Financial modeling in agriculture
  • Introduction to agricultural portfolio management
  • Integrated case study

Contact Hours: 24 hours

Accreditation: This course is required for the AFM and the AAC

Required Materials: Must bring a laptop and a financial calculator to class. Must have a working knowledge of Excel.