Best Management Practices - Use Financial Information for Decision Making

Initial sign up & Information Gathering January 16, 2012 - Saskatoon

Individual Data gathering & input training - February - March 2012

Follow up Meeting - TBA (Fall 2012) 

Day 1 - Explanation of information required to participate (1.5 hour)
         - Accounting systems used and how they impact decsion making (.5 hr)
         - Description of various ratio analysis that will be performed and brief explanation of what they tell you (1 hr)

Individual Meetings - Held to gather information and start working through inputing into ratio calculations and assist with data gathering.  (6.5hrs)

Day 2 Group Meeting - indepth discussion of ratio's calculated and provide benchmark data (2hrs)
 - provide tool (Spreadsheet) to individuals and how to update for future years to monitor business (2.5 hrs)
 - Q&A, information sharing and group discussions about possible solutions to improve business and what impact certian decisions will have on your business (2 hrs)

Tuition to participate $2,800 plus out of pocket costs for individual meetings such as mileage (@$0.50/km and meal allowance $20/meal). 

Young farmers < 40 years of age that want to make more informed decisions for their operation or better assess the operation that they may be taking over from their family.  Will consider expanding this to all producers who show an interest in using financial data for decision making.

Financial ratio's provided for participants operation (or family's operation) along with certificate of completion.

2 day workshop/classroom meetings with individual time spent working with participants on their own fincial information between the two group meetings.

November to March

Financial ratio calculation and tool provided to update into the future to assist in desicion making process.