By Scout Nelson
On January 17, 2024, at 5:30 pm, agricultural professionals and enthusiasts have a valuable opportunity to enhance their budgeting skills through the Ag Budget Calculator (ABC) Program's virtual training. This event, accessible via Zoom and coordinated by Glennis McClure, offers a deep dive into agricultural financial management.
The training is divided into two essential parts:
Part 1 focuses on utilizing the ABC program for creating and updating crop budgets. Attendees will learn about the various elements that constitute projected production costs and expected returns, including both cash and economic aspects.
Part 2 extends to the Whole Farm component of the ABC Program. This segment is crucial for understanding the overall production costs across similar crop enterprises, reconciling operational expenses, allocating overhead costs effectively, and creating comprehensive cash flow statements from combined enterprise budgets.
The session will cover other ABC program features like breakeven analysis, crop comparison, and risk assessment, highlighting their role in informed decision-making.
Designed to last approximately 1.5 hours, this training session is perfect for anyone looking to sharpen their skills in farm financial planning and analysis.
For more information and registration, interested parties can visit https://cap.unl.edu/abc/training.
Photo Credit - gettyimages-d-keine
Categories: Nebraska, Business, Crops, Education