OSU Extension offers new farm finance workshop for women

An intensive farm finance workshop for women will be offered by Ohio State University Extension in Knox, Ross, Wood and Erie counties in early 2011.

The “Farm Finance for Women” workshop addresses cash flow, balance sheet and income statement development, Quicken basics for farm recordkeeping, and benchmarking. The goals of the workshop are to help participants:

Become more aware of resources available to assist farmers with financial analysis and recordkeeping.

Gain a better understanding of their farm business’s financial position, increasing their ability to assist in making educated management decisions.

Use recordkeeping as a resource for their whole farm decision-making process instead of solely for tax purposes.

Increase their knowledge of using Quicken to organize farm records.

Prepare and analyze balance sheets.

Improve their recordkeeping system.

“This workshop is designed to be a ‘next step’ for women who have participated in Annie’s Project,” a risk-management program for farm women, said Julia Woodruff, OSU Extension educator and co-coordinator of the workshops. “But you don’t have to be an Annie’s Project graduate to participate.” The Farm Finance for Women workshop will provide a more in-depth study of the financial risk related to agriculture and teach tools to increase women’s risk-management skills. The program includes hands-on activities and homework.

The program is a pilot project funded by the North Central Risk Management Education Center, which is supported by the U.S. Department of Agriculture’s National Institute of Food and Agriculture.

The fee to participate is $50 per person. Participants will receive “Money Talk: A Financial Guide for Women,” a 192-page manual published by Rutgers Cooperative Extension, as well as “Computerized Farm Record Keeping with Quicken,” a bulletin from OSU Extension, and other materials.

Seating is limited; those interested in participating are encouraged to sign up soon. The workshops are scheduled for 6 p.m. to 9 p.m. in:

Knox County on Wednesday evenings, Jan. 19-Feb. 9, 2011. Contact John Barker at 740-397-0401 or barker.41@osu.edu.

Ross County on Tuesday evenings, Feb. 1-22. Contact Dave Mangione at 740-702-3209 or mangione.1@osu.edu.

Wood County on Wednesday evenings, Feb. 9-23 (workshop will be completed in three classes). Contact Doris Herringshaw at 419-345-9050 or herringshaw.1@osu.edu.

Erie County on Thursday evenings, Feb. 17-March 10. Contact Julia Nolan Woodruff at 419-627-7631 or woodruff.94@osu.edu.

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