‘Taking Charge of YOUR Finances: How to Survive and Thrive’

By Dana Adams, U of M Extension

“Taking Charge of YOUR Finances: How to Survive and Thrive” financial management workshop will be taught in Central Minnesota to community members. This short course will use an interactive and fun approach to teach participants how to organize and use financial records, develop and analyze financial statements, and make informed decisions regarding finances and production. Producer teams will act as loan review committees, and learn about these concepts as they review a case study farm. The concepts covered promote better internal decisions for farm management and stronger relationships with external partners such as farm lenders. The participants will learn the components of a balance sheet, income statement, cash flow, and the importance of records.

Nathan J. Hulinsky, Extension Educator, explains, “Managing the farm’s finances should always be a priority. This course will give the participants the opportunity to review another farm’s finances to determine their financial needs and, if the case, farm cash flows.”

In Little Falls, the program is offered from 1-3 p.m. (doors open at 12:45 p.m.) Wednesdays, Nov. 3, and Nov. 10, at Little Falls Chamber of Commerce, 200 1st St. N.W., Little Falls MN 56345. In Melrose, the program is offered from 10 a.m.-12 p.m. (doors open at 9:45 a.m.) Tuesdays, Nov. 9, and Nov. 16, at True North Marketplace – Cornerstone Café, 223 Kraft Dr. S.E., Melrose MN 56352.

The program will be offered at both sites as two sequential sessions. Attendance is free, snacks are provided, and each participant will receive a binder full of handouts and resources to take home.

For either “Taking Charge of YOUR Finances: How to Survive and Thrive” location, register through https://z.umn.edu/2021SurviveAndThrive or by reaching out via phone or email to Dana Adams at (320) 204-2968 or adam1744@umn.edu.