Workshop
Early to Mid Career Farmer Workshop Farm Finance 101

At this hands-on workshop, you will be ‘entering the numbers’ with an experienced farm business adviser (coach) there to assist you.  ‘Entering the numbers’, and the discussion that follows, will assist to have confidence in understanding the case study figures.  We will then together, analyse the case study business to be able to clearly see what the case study business needs to do to improve farm business profitability and bank ratios (how the bank sees the case study business). 

Having completed our Farm Finance 101 workshop, at home, you will be able to use the same data entry worksheets to do the same analysis for your business with financial decision makers in your business who have also attended Farm Finance 101. 
 

This workshop will cover:

• Navigating key financial documents – what do tax financials tell us and what they don’t tell us?
• Reading the numbers - what story does a Balance Sheet and a Profit and Loss Statement tell us about our business?
• Take control of your business finances by understanding how the bank sees your business – understand ratios and how to improve your bank ratios to lower your businesses risk and interest rates
• If you're starting out in business, what does the bank look for to be a viable lender?
• Best practice software & setting up for success – automating budgets and reporting; what software does what
•  

You will leave the workshop:

• Understanding your farm business finances (profit drivers) operation from a financial point of view
• Clear focus - on what is required to improve business resilience (profitability, cash flow and bank ratios)
• Confidence - in understanding how banks assess farm businesses for banking
   
• Knowledge - on farm cashbooks programs – how ‘automation’ can assist to set your business up for future success
• Insight – into what the Agri Business banking trends are at the moment?
• Building resilience – what are the financial settings/metrics required to manage dry spells and seasonal variability?
• Confidence - in how to contribute to the farm business conversation and building resilience and improving decision-making in response to drought and seasonal variability

Funding acknowledgement

The program is jointly funded through Australian Governments Future Drought Fund and Government of South Australia, reflecting a long-term commitment to drought preparedness, innovation, and resilience building across regional communities.