Ag Biz Basics

Courses > Ag Biz Basics

Ag Biz Basics will kick start and energize your planning process.

Goal of Ag Biz Basics:

Ag Biz Basics will assist you in…

  • Launching
  • Growing
  • Managing
  • Transitioning

…Your Business with a greater opportunity for SUCCESS!

Whether you are an aspiring agri-entrepreneur, transitioning into a business as a family member or partner, or you desire to reconnect with agriculture and the land, Ag Biz Basics is for you. This program balances the passion of farming and ranching with the economic and financial side of running a business.

Ag Biz Basics is a fast-paced online program designed not only to prepare you for meetings with your lender, but also to position your agricultural business for success.  In a nutshell, this hands-on program allows you to establish written goals and get your financial business documentation in order including a projected cash flow statement, updated balance sheet, and a cash income statement.  Along the way, you will be introduced to a few key financial ratios that can provide guidance concerning financial performance.

Ag Biz Basics includes four learning modules:  

  • Module 1: Side by Side with your Lender – Financial Documentation, Planning & Goal Setting
  • Module 2: Do You Cash Flow? Cash Flow Planning – putting your production plan in numbers
  • Module 3: What are You Worth Financially? Business and Personal Balance Sheets
  • Module 4: Did You Make a Profit? Income Statement

To illustrate the applications, Ag Biz Basics highlights a case study involving entrepreneurs operating a start-up agribusiness who are applying for a loan with Farm Credit.  In addition, the workbook with application exercises will be instrumental in developing basic customized goals and financial statements for your business. The goal is to assist you in launching, growing, managing or transitioning your business with a greater opportunity for success. The program is designed to enhance your critical thinking, strategic planning, and contingency planning skills, and attention to detail.

Includes:

  • 4 mobile-friendly eLearning modules with multiple choice quizzes
  • Workbook with financial spreadsheet templates

Time Commitment:

  • Content can be completed in approximately 2 hours total.
  • Additional time spent on workbook applications, including goal setting and financial statement construction, will vary.

High speed internet access is strongly recommended. 

 
 

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