Sheep and Goat Workshops: Financial Management
Sheep and goat producers should have a good understanding of a variety of financial aspects related to their operation. New producers should begin with assessing what resources they have available on their farm and what resources they will need to purchase. All producers should develop a budget to help them better manage finances throughout the year. Producers may also wish to analyze how changes in lambing or kidding percentages, weaning weights or death loss impacts their business. Finally, producers should also take time to look at long terms plans for maintaining, growing or down-sizing their operation.
Any sheep or goat producer interested in learning more about financial management of their operation.
How to assess resources currently available on the farm versus resources that are needed to be efficient and profitable
What are fixed and variable expenses and how they fit into a budget
How changes in management impact the business
Long term planning issues such as how long will it take me to pay for start-up costs or how many animals will it take to become profitable?
2 hours, 30 minutes