Financial skills workshop

EVENT DESCRIPTION

9 am to 3 pm

Gross margin analysis is a critical step in farm planning and decision making. In this workshop, you will:

• take an enterprise-focused approach
• consider the both cash flow impacts of different enterprise choices
• prepare annual cash flow budgets.

This is an interactive one day face-to-face workshop. Participants have the opportunity to interact with facilitator Tony Hudson (Director, Hudson Facilitation), other farmers and the local Rabobank team.

The workshop is broken down into four components:

1. Review of financial statements:
   1. the profit & loss statement
   2. balance sheet
   3. cash flow budget.
2. Law of diminishing returns.
3. Gross margin analysis - learn how to calculate the gross margin of your business.
4. Cash flow budgeting - learn why is it important. Work through a practical example to gain useful tools to better manage your own cash flow budget.