Finding cash in your farm business: profitability vs. cash flow

This is the second of CISA’s three-workshop series on “Farm financial management: taking it to the next level.” Click here for information about this workshop series. It’s not too late to register!

Just because you have $40K in net profit doesn’t mean you have $40K in the bank. These two ideas get confused very often, but net income and cash flow are each important — and distinct — measures of success. Learn the best ways to track where your cash is going, control your cash flow, and identify your options when cash gets tight.

This three-session series is geared towards experienced farm managers and QuickBooks users who are looking to step up their farm financial management game. The series will be taught by Elaine Lemmon of Kitchen Table Consultants, and farmers attending all three sessions will be eligible to receive up to three hours of expert one-on-one assistance in financial recordkeeping, planning, or analysis.