COVID-19 Advisory: WSU Extension is working to keep our communities safe. All Extension programming is being provided virtually, or by approved plan. Effective July 6, 2021, Snohomish County WSU Extension will have a limited administration presence at Willis Tucker Park (Snohomish). The McCollum Park campus (Everett) continues to be closed to the public. We are available via email, phone, and webconference.
Farming by the Numbers #4: Financial Statements, Cash Flow, & Loan Readiness
February 24 @ 7:00 pm - 9:00 pm
Learn the basics of farm recordkeeping, taking sales online, and paying employees from experts and experienced farmers.
Accurate and up-to-date financial records are essential to any growing business, but are especially important to farms and agricultural businesses. Without a good recordkeeping system in place, decisions will be made based on hunches, not reality. Successful farm-centric grant applications must start with a solid set of numbers that can be at your fingertips…if you start now!
Join us online (via Zoom) on Thursday evenings in February 2022 from 7:00pm to 9:00pm to learn the ins and outs of setting up a solid recordkeeping system as well as other farm number-crunching topics. Can’t make a session? No problem! All sessions are being recorded and made available for later viewing to everyone registered.
February 24 – Financial Statements, Cash Flow, & Loan Readiness
What is a balance sheet? Owner’s equity? Where does cash flow and why should you care? For long term success and survival, every farm business needs to understand these concepts and more. The more you know and understand about basic number crunching, the more likely you’ll be able to see when a change is necessary, before it’s too late. Gain the knowledge needed to talk with loan officers and put your farm in the best position possible to secure additional funding.
Other classes in the series:
February 3 – Farm Bookkeeping Basics
Starting or expanding a farm business doesn’t need to be complicated or intimidating. Learn the basics of setting up an accounting system that works for you. Covered topics include choosing a legal entity, paper or e-books, basic profit and loss statements, and developing a recordkeeping system.
February 10 – Online Sales
For many small farms, e-commerce has become an excellent way to connect with customers and sell product. With so many e-store choices already available, and new ones coming out all the time, it can seem overwhelming to find one that suits your farm best. Learn a bit about what’s out there and the possibilities for integration with financial software. In addition, you’ll hear from farms that use different platforms and methods to e-connect with customers including via food hubs.
February 17 – Paying Employees
Adding employees to your farm means it’s growing. But it also means adding a lot of paperwork as well. Learn what is involved with managing payroll records and all the federal, state, and local filing requirements. Should you do it yourself or pay a service? In addition, you’ll hear from local farmers how they find and retain good employees.
Series educators include Jocelyn Campbell, a Puget Sound-based farm bookkeeping professional; Neil Subhash, farmer and Farm Business Support Specialist at Business Impact NW along with other experts in the field of farm number-crunching and farmer-led panel discussions.
For more information on the series, contact Kate Ryan, email@example.com, (425) 357-6024.
WSU Extension programs and employment are available to all without discrimination. Evidence of noncompliance may be reported through your local extension office. Reasonable accommodations will be made for persons with disabilities and special needs; contact WSU Extension at 425-338-2400 at least two weeks prior to the event.
Online via Zoom
Take just the classes you want at $5 per class or save $5 and take all 4 for $15!
Business Impact Northwest, Snohomish Conservation District, and SnoValley Tilth.
Because of security issues, you must have your own Zoom account to participate, and you must have your Zoom account set up and be registered for the webinar at least three hours before the webinar start time.
You can easilycreate a free Zoom account if you do not already have one. Be sure you register with the same name and email address that you used for creating your Zoom account.