The second session of a three part webinar series titled Dairy Business Management Success Today and Beyond will be held on Monday, June 6, from noon to 1 p.m. CDT. Registration for the webinar, hosted by the Professional Dairy Producers of Wisconsin (PDPW), is required by June 1.
Presented by Dr. Mike Boehlje, Purdue University, the webinar will help you assess the financial condition of your business. A critical first step in understanding your businesses strengths and weaknesses is evaluating its financial performance. Assessing a farm’s financial performance requires the use of four financial documents – the balance sheet, the income statement, the statement of owner equity and the statement of cash flows to determine the solvency, profitability, liquidity and repayment capacity of the business. This discussion will help you understand how to use these documents to assess your financial strengths and weaknesses and determine what decisions to make to improve financial performance.
The third and final webinar of the series, Strategies for Success in Turbulent Times: Ten Strategic Initiatives, will take place on Monday, July 11, from noon to 1 p.m. CDT. Dairy businesses are facing increasing complexity and uncertainty in today’s turbulent business climate. Farms continue to be family based businesses and are modest in size compared to much of the industrial sector, but an increasing number of farms are becoming multi-million dollar gross sales businesses with a sizeable work-force and rapidly increasing capital and land resources. Managing this rapidly growing business in a business climate that is increasingly being shaped by global economic forces requires more skilled managers and well-seasoned strategies. What are the critical management strategies that will be required to be successful in this increasingly complex farming business – what is required to build a championship farming business? Ten strategies are identified here. Register by July 6 to participate in this webinar, which will also be presented by Boehlje.
Sign up today online or call PDPW at (800) 947-7379. PDPW members register for $100 per session. Non-PDPW members can register at $125 per session.
If you have a date/time conflict, you can watch a fully recorded version at your leisure. You must be registered to receive a recorded session. PD
—From PDPW news release
