Posted in Crops, Livestock, Programming

Good farmer or a great manager?

The difference between a good farmer and a great manager often comes down to knowing the true financial position of a farm. Good records make it possible to track an operation’s true financial position. Inaccurate records can lead to misguided management decisions.

accounting analytics balance black and white
Photo by Pixabay on Pexels.com

“Good Farmer to Great Manager” Record-keeping classes will teach farmers and ranchers to keep accurate records for their operations. These classes will be held at three locations:

  • Lincoln, July 18 – 19 at the Lancaster County Extension Office
  • Bridgeport, July 25 – 26 at the Prairie Winds Community Center
  • Grand Island, July 30 – 31 at the Hall County Extension Office

Each class will run from 1p.m. until 5 p.m. the first day, and 8 a.m. until noon the second day. The course fee is $50 per participant; class size is limited to 25 people per location. Register online at https://www.regonline.com/registration/Checkin.aspx…

Keeping good records is less about using a certain software and more about gathering and organizing information, according to Tina Barret the Executive Director of Nebraska Farm Business Inc. and course instructor. “In this class, you will learn about what information you should have easily available as part of your farm or ranch records. When you have good records, everything from tax preparation, annual loan renewals, and financial analysis become much easier,” she said. “More importantly, it will allow you to make financial management decisions that improve your business.”

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