MWAF and Farm Management Canada are pleased to present the Farm Financial Fluency training program to Canadian women in ag and food.

The Farm Financial Fluency Training Program will be delivered by Farm Management Canada and MNP and take place over three sessions.

Please be prepared to attend all three sessions to get the most out of the program. Sessions will occur on:

• October 30 from 1-3pm CT
• November 1 from 1-3pm CT
• November 3 from 1-3pm CT

Your registration applies to all three sessions. Members of Manitoba Women in Agriculture and Food can register for free to the event. Contact MWAF for your registration code.

MWAF Membership Information: https://mwaf.ca/membership/

About the Program

Financial literacy is a fundamental starting point for effective farm business management, helping producers understand the direct impact of their business decisions, and opportunities available going forward.

Through the Farm Financial Fluency training program, you will learn:

• Why financial reporting is important and to whom
• Key differences between types of financial reporting and who uses what
• Different farm business structures and their impact on financial reporting
• How to interpret your financial statements (balance sheet, income statement)
• Financial ratios and how to use ratios to analyze risk
• How to spot potential financial issues and opportunities
• Tools and resources available to manage financial risk

This program will be directed to Canadian farmers. Farmers from any sector are welcome to attend. The Case Study and some examples will reflect horticulture operations, however the fundamentals apply across commodities.

Session Topics

Farm Financial Fluency – Session 1

• Why is Farm Financial Fluency important?
• Cash versus Accrual Accounting
• Business Structures
• Financial Reporting
• Financial Statements: Balance Sheet

Farm Financial Fluency – Session 2

• Financial Statements: Income Statement
• Cash Flow
• Ratios and Analysis
• Sector-Specific Metrics and Ratios
• Managing Financial Risk
• Resources Available

Farm Financial Fluency – Session 3

• Case Study (pre-read)
• Interpretation of the case study and application of a specific farm situation

Farm Financial Fluency – Optional Complimentary Meeting

• Optional one-time complimentary meeting with an MNP business advisor to discuss the interpretation of your financial statements (60 minutes)

Registration

$250+HST or FREE for MWAF Members (registrants will be vetted by MWAF)