Thursday, May 24, 2012

New Farm Finance Webinar Now Online

NCAT and USDA RMA Offer Practical Advice for Beginning Farmers on Organizing and Understanding Their Numbers Beginning farmers and anyone else considering farming have a new tool for one of agriculture's most daunting tasks--crunching the numbers. The National Center for Appropriate Technology (NCAT), with funding from the USDA Risk Management Agency (RMA), has just posted a new webinar that can smooth the road for anyone who is beginning a journey in agriculture and wants to get comfortable with handling finances. The webinar, "Farm Finances: Organizing and Understanding Your Numbers," is available now at https://attra.ncat.org/webinars/. As with any small business, starting a farm requires basic accounting and business-management skills. This webinar helps beginning farmers become familiar with necessary basic accounting techniques and gives them tips on organizing and understanding their numbers. "With a few easy steps and forms, farmers can develop good record-keeping and accounting habits from the outset," said Hannah Lewis, one of the featured NCAT ag experts in the webinar. The topics in the webinar provide a solid overview. They include: •Clarifying your goals and attaining them. •Determining which resources are necessary for farming. Do you have them? •Organizing your data. •What can your numbers teach you?