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Session 3A

Start / End: 10:30 AM - 11:20 AM Sat


Is My Farm Making Money? Long Term Farm Success Through Business Analysis and Planning

Presenters:
  • Aaron Pape

Many of us have farming goals related to lifestyle, wellness, family, and the environment. The achievement of all those goals is underpinned by some level of financial success. This crash course in financial resilience will briefly cover:

  • Analyzing your existing business with financial statements
  • How to answer the question- is my farm making money?
  • What phase of the farm business are you in, and what kind of investments should you be making in that phase?
  • Places I see farmers going wrong
  • Planning for financial success- gross margin analysis & cash flow planning”

Row Crop to Pasture Conversion

Presenters:
  • Zachary Knutson

It’s a big decision to convert row crop to pasture ground. Before diving headfirst, you’ll want to know some numbers. In this session, Zach will discuss the costs and benefits of three conversion approaches. He’ll also share the hay and grazing yields he’s experienced on these 60-75 CPI and 90-95 CPI fields in order to give you an idea of what you can expect post-conversion.