University of Maryland Extension

Urban Farmer Field School: Planning to achieve your farm financial goals

When: 
Monday, Oct. 29, 2018 - 7:00pm to 9:00pm
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Where: 
UMD Extension, Baltimore City Office
Address: 
UMD Extension, Baltimore City Office
6615 Reisterstown Road
Suite 201
Baltimore, MD 21215
United States
Event Type: 
Presenter: 
Dale Johnson, University of Maryland Extension
Description/Notes: 

Urban Farmer Field School series

This summer, join University of Maryland Extension on urban farms in Prince George's County and Baltimore City. Each Urban Farmer Field School in the series will cover a different topic, but every Field School will provide you the opportunity to learn in a hands-on setting and set goals for improving the financial viability of your own urban farm. 

 

Monday, October 29, 2018: 
Planning to achieve your farm financial goals

Date and time: Monday, October 29, 2018, from 7:00 to 9:00pm

Location: UMD Extension Baltimore City, 6615 Reistertown Rd, Suite 201, Baltimore, MD 21215

Topic: Planning to achieve your farm financial goals

Most of the work of a farm is in producing and marketing crops and livestock. But will this effort be economically viable? And what are the economic risks? These are questions that all farm businesses must answer regardless of whether they are for-profit or not-for-profit. To stay in business, the farm must be economically sustainable. To measure economic viability, this class will focus on two economic measurements – net income and cash flow. 

Calculating an income statement will help you work towards your financial goals, whether your goal is to provide a certain amount of income for yourself or to cover your business’ costs and invest back into the business for the future. Calculating a cash flow statement will help you identify pinch points throughout the season, so that you have enough funds on hand to pay for seasonal expenses without resorting to expensive short-term credit.

This class will be taught by Dale Johnson, Farm Management Specialist, UMD Extension

Dinner will be provided at this evening workshop, thanks to sponsorship by MidAtlantic Farm Credit. Please specify any dietary restrictions during registration.

Registration: $5, online here: https://www.eventbrite.com/e/urban-farmer-field-schools-tickets-45993009329

For questions about this event or the Urban Farmer Field School series, or for questions about accessibility, or requests for accommodations, please contact Neith Little and nglittle@umd.edu

The University of Maryland, College of Agriculture and Natural Resources programs are open to all and will not discriminate against anyone because of race, age, sex, color, sexual orientation, physical or mental disability, religion, ancestry, or national origin, marital status, genetic information, or political affiliation, or gender identity and expression.


Los programas del Colegio de Agricultura y Recursos Naturales de la Universidad de Maryland están abiertos a todos y no discriminará contra nadie debido a raza, edad, sexo, color, orientación sexual, discapacidad física o mental, religión, descendencia, origen nacional, estatus matrimonial, información genética, afiliación política, o identificación y expresión de género.

This workshop is supported by USDA/NIFA under Award Number 2015-49200-24225.

USDA-NIFA logo

Cost: 
$5
Contact: 
Neith Little
Contact Email: 
nglittle@umd.edu
Contact Phone: 
410-856-1850 x123
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