As Illinois farmers are experiencing a period of lower revenues from the previous five years, University of Illinois Extension is offering a program to educate farm women about using financial records more effectively to navigate these times.
A grant from the North Central Extension Risk Management Education Center has made it possible for the University of Illinois and Annie’s Project—Education for Farm Women to design a program to improve financial and decision-making skills using Quickbooks and PcMars software focusing on balance sheet, cash flow and income statement information that comes from these programs.
The program is called Two Hands on the Wheel, in reference to navigating records with a two-fisted approach, entry and interpretation to make decisions in declining revenue times. Participants will have plenty of interaction time with statewide presenters and local facilitators. Topics that will be covered are balance sheet construction, handling cash flow, and generating accurate income statements from two different software packages popular among Illinois farmers, Quickbooks and PcMars. In addition to financial documents, the topic of reviewing cash rent and negotiating fair rental rates will also be discussed.
The program is offered simultaneously in two Illinois locations: Decatur and Breese at the local U of I Extension offices. The dates for the program are March 6, 8, 13 & 15; all locations begin at 6:00 p.m. and end at 9:00 p.m. The registration fee is $50 and covers printed materials.
To register for the session in Breese, call the Illinois Extension Office at 618-526-4551 or register online at web.extension.illinois.edu/bcjmw.
For more local Illinois Extension information, follow on Facebook @bcjmwu23 or @clintonIL4h.