Women Managing Farm Finances

April 1, April 8, April 15 and April 22, 2021 | Mt Pleasant, Iowa

What is the Women Managing Farm Finances course?

In today’s challenging farm economy, it is essential to understand farm finances. How well the farm finances are managed significantly impacts both the profitability of the farm business and the well-being of the farm family.

More than half (53.2 percent) of Iowa farms have one or more women producers. Across Iowa, these women and their partners manage 45,786 farms with more than 14 million acres of land. They annually market nearly $13 billion in livestock and crops which cost more than $10 billion to produce, according to the 2017 USDA Census of Agriculture.

Women Managing Farm Finances incorporates interactive learning while allowing time for discussion. Sessions cover financial documentation, cash flow requirements, and accounting needs. Class participants will learn how to assess the financial performance of their farm business.

Course Curriculum

Farm financial statements
  • Preparing net worth and income statements
  • Comparing cash and accrual accounting
  • Analyzing risk and loan capacity
  • Cash flow projections
  • Preparing cash flow statements
  • Assessing the timing of market opportunities
  • Identifying borrowing needs
  • Financial performance
  • Calculating financial efficiency
  • Distributing profits to debt and family living
  • Analyzing profit centers
  • Farm accounting
  • Choosing accounting systems
  • Preparing for tax returns
  • Bringing it all together
  • Women Managing Farm Finances is interesting and fun!

    • Topics of importance to your future in farming
    • Brief presentations and extended discussions
    • Practical hands-on activities
    • Decision making resources available to you
    • Comfortable and supportive learning environment
    • Networking with other farm women

    COVID-19 Precautions

    We are prioritizing the health and safety of Iowans and are following the most current federal, state, local, and university COVID-19 guidelines. Visit Open for Iowa to learn our protocols to keep Iowans healthy and safe. Cloth face coverings are required while attending this event. 

    When

    April 1, April 8, April 15 and April 22, 2021

    A light meal will be served at 5:30 pm. Class begins at 6:00 pM and concludes at 9:00 PM.

    Where

    Henry County Extension
    127 N Main St
    Mt Pleasant, IA 52641

    Statewide sponsors

    Farm Credit Services

    USDA

    Register

    $75

    Registration, prior to midnight, March 25, 2021

    Registration includes meal and course materials.

    Reminders

    • Registration deadline is midnight, March 25, 2021. Pre-registration is required.
    • Class size is limited and pre-registration is required to attend. Registrations accepted on a first-come, first-paid basis.
    • Confirmation of registration is sent via email. Please provide a valid email address when registering
    • To cancel your registration, or for assistance with registration, receipts, or questions on the status of your registration contact Program Services at anr@iastate.edu.

    Contact

    Darbee Wellman

    Darbee Lewis
    agriculture/youth coordinator
    Henry County Extension
    319.385.8126
    dwellman@iastate.edu

    Charles Brown

    Charles Brown
    Extension farm management field specialist
    641.673.5841
    cbrown@iastate.edu