Purdue Extension Offering Farm Financials Workshop

Purdue Extension and the Center for Commercial Agriculture are offering a workshop to advise crop producers and their families on assessing farm financials.

The workshop is scheduled for Feb. 26, 10 a.m. to 2:30 p.m., at the Davis-Purdue Agricultural Center, 6230 N. S.R. 1, Farmland. It will be led by Michael Langemeier, professor of agricultural economics and Extension cropping systems specialist.

“The gist of the class is to assist producers in a more complete view of farm financials – adjusting for input cost, market pricing and financial expenses,” said Larry Temple, Purdue Extension-Jay County educator and one of the event organizers.

Attendees will examine operating costs and inputs based on current economic conditions and learn how to measure the financial performance and capacity of their farms to find if changes are needed.

Producers should bring a laptop equipped with spreadsheet capability, as well as personal financial information with which they will fill out their own worksheet. Personal financial information will not be shared with the class; a sample farm will be presented as a learning model.

Participants can expect a small group setting at the workshop. There is no fee required to attend, but participants must register by Feb. 23. For more information or to sign up, contact Temple at 260-726-4707, ltemple@purdue.edu, or Amy Alka at 765-584-2271, aalka@purdue.edu. Lunch is provided, and attendees should notify Temple of any food restrictions.

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