FSR events help farmers with finances

The 2011 Farm Science Review, Sept. 20-22 will include a series of presentations to provide financial strategies, tools and resources to help farmers achieve stability and success in the agricultural industry.

One presenter, Ohio State University agricultural economist Luther Tweeten, says continued demand for agricultural products has kept agriculture more financially stable than other sectors of the U.S. economy. “Farmers will play a key role in getting the country back on track,” he said.

But, while he’s optimistic, Tweeten’s presentation, “Income and Employment,” is geared toward helping larger farming operations make cautious decisions in light of recent financial volatility. It will take place Sept. 20 at 11:30 a.m. on the stage in the OSU Area on Friday Avenue.

“The positive agriculture economy yields opportunity for farms to become more profitable and financially stable,” said Chuck Gamble, Farm Science Review manager. “At the same time, farmers will have to be more diligent in their planning and preparation than ever to ensure they get the most out of advantageous market conditions and invest in the right technologies for their operations.”

Other farm financial sessions at the Review include:

* “Crop Input Costs,” by Barry Ward, Ohio State agricultural economist, held Sept. 20, 11:15 a.m.

* “Working Your Farm Budget,” by Ward, Sept. 22 at 12:40 a.m.

* “Estate Planning and Transfer,” by Tweeten, Sept. 21 at 9:45 a.m.

* “Useful Farm Recordkeeping Strategies for Small Farms,” by OSU Extension educator Bruce Clevenger, held Sept. 20 at 11 a.m.

All of the listed presentations will take place in the OSU Area on Friday Avenue, except “Useful Farm Recordkeeping Strategies for Small Farms,” which will take place in the Center for Small Farms on Corn Avenue.

“Whether you are simply looking to make your production more cost efficient or you are hoping to increase your net profit of crop sales, learning from leading professionals and innovators can improve the financial stability of any farm production,” Gamble said.

Farm Science Review takes place at the Molly Caren Agricultural Center in London, Ohio, and is sponsored by the College of Food, Agricultural, and Environmental Sciences, OSU Extension and the Ohio Agricultural Research and Development Center.

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