Penn State Extension will offer a free webinar titled "Ag Profitability: Farm Financial Management, Cow-Calf Beef Production" on Tuesday, May 19, from 7 to 8:15 p.m.
The webinar is designed to help beef producers better understand the business side of the operation including income statement, production costs, and cash flow. Penn State educators John P. Wodehouse and Cheryl Fairbairn will lead the webinar with both direct and academic experiences. The program aims to empower producers with access to financial and business knowledge to help them make informed production and financial decisions regarding income and expenses.
Participants will gain an understanding of the income statement and cashflow as tools. The session will include using vertical analysis to record and evaluate income and expenses and using cash flow projections as decision drivers. Attendees will also learn the key principles and drivers of calculating both the visible and hidden costs of production in cow-calf operations.
The webinar will be held via PSU Zoom and is open to the public.
To register, readers may visit https://extension.psu.edu/ag-profitability-series-farm-financial-management-for-beef-cow-calf-producers by May 19. Those who anticipate needing any type of accommodation or who have questions about the physical access provided may contact Wodehouse at 610-696-3500 or email jpw20@psu.edu in advance of their participation or visit.
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