A farm financial analyst with Kansas State University says an updated online course can help farmers and ranchers better understand financial statements as they make management decisions.
LaVell Winsor tells Brownfield producers are allowed to complete the ‘Finances and the Farm’ course on their own schedule. “We’ve re-recorded the videos and then also added in interactive activities,” she said. “We’ve had over 1000 people take this course. All of the feedback has been very, very positive.”
She says it covers seven key areas including record keeping, balance sheets, income statements, enterprise budgets, cash flow, goal setting, and management of living expenses.
