Boot Camp Schedule

Master the Business of Agriculture

Get your MBA in better farm financial decision-making at the 2020 Ag Finance Boot Camp

 8 a.m.

The class begins with a test! Start the day with a 15-point financial knowledge test using real-time interactive technology to determine attendees’ initial level of financial knowledge. – Paul Neiffer

Let the guidelines help you – What are the Farm Financial Standards guidelines and how can they help you? – Curt Covington and PaulNeiffer

The importance of equity and working capital – How to track your equity; how equity can be utilized; the importance of working capital; how it’s viewed and scrutinized by lenders – Curt Covington and Ashley Arrington

Manage your farm’s crop loan – Farm lenders want their crop loans properly margined. What does that mean and how can you make that happen? – Curt Covington and Ashley Arrington

 10 a.m.: Coffee break

 10:30 a.m.

How to sound smart with your lender – Curt Covington

Using financial ratios and Dupont model to get a clearer picture of your farm’s performance – Curt Covington

NOON: Lunch

 1 p.m.

Two strategies for farm growth
Section one:
Debt consideration for new land purchases, step up costs, new equipment decisions – Ashley Arrington
Section two: Sustainable growth with no debt:  How fast is too fast?  Financial considerations in managing growth – Curt Covington

Benchmarking your business against like-sized farms and your own historic performance – Curt Covington

Defensive interval ratio: What is the right amount of liquidity reserves for your operation? – Paul Neiffer and Curt Covington

3 p.m.: Break 

3:30 p.m.

Cash vs. accrual accounting – why does this matter? – Paul Neiffer and Curt Covington

How to develop a marketing plan focused on production costs so you can confidently make sales – Matt Bennett

Did you earn your ‘MBA’? Using real-time interactive technology we put attendees through the same live test and gauge their progress – Paul Neiffer

 Wrap up: Q/A with experts