; Interpreting Financial Statements and Measures | Conferences | AgRisk Library


Conference Name Interpreting Financial Statements and Measures

Dale Nordquist


One of the unique things about agriculture is that most ag producers also have to be their own chief financial officer. But very few farmers and ranchers have any formal training in finance. The Interpreting Financial Statements and Measures (IFSaM)online workshop series is designed to help ag producers update their skills in interpreting common financial statements (balance sheets, income statements...) and financial performance measures. It is a series of online videos that lead the viewer through interpretation of the statements and measures, show examples, provide actual farm benchmarks, and include interactive “test your knowledge” applications. IFSaM should be particularly helpful to members of farm management associations and farm management education programs -- those who have the data. IFSaM will give them a deeper understanding of the data and will help them put that data to work in managing their businesses.