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One Page Cost Benefit Tool

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This session simplifies the concepts of Partial Budget Analysis using a One Page Tool so that you can “use the parts you’re comfortable with.”

Description

“Pencil it out” is shorthand for making good farm investment and purchasing decisions. This session provides a straightforward financial tool for making informed decisions and budgeting for the future. 

Making decisions that make good financial sense is difficult. But difficult decisions become a whole lot easier when you have the right tool to walk you through the financial implications of your decision. This session simplifies the concepts of Partial Budget Analysis so that you can “use the parts you’re comfortable with.” The idea is to grow your financial skill set at a pace that makes sense for you, to provide a pathway to improve your abilities rather than terrorize you with details, ratios, and secret formulas intelligible only to accountants. 

Watch this webinar to learn how this powerfully simple tool can help your business today... and trainers and technical assistance providers who work with farmers or other businesses, learn how you can add this to your toolbox you can provide to your students or clients.

Recording

 

Resources

 

Presenter Bios

Gary Matteson

nullGary Matteson works for the Farm Credit Council in Washington, DC, which is the trade organization of the Farm Credit System.  Farm Credit is a nationwide network of borrower-owned lending institutions, providing credit for the nation’s farmers and ranchers. 

As the Vice President for Young, Beginning, Small Farmer Programs and Outreach, Gary seeks to identify and meet the needs of the next generation of farmers and ranchers as a part of Farm Credit’s enduring mission of service to agriculture and rural America.  Farm Credit provided some $7.7 billion to young farmers, $12 billion for beginning farmers, and $14.2 billion in financing for small farmers in 2008. 

Until recently Gary was a small farmer operating a wholesale greenhouse business in New Hampshire, including raising cattle for the local freezer beef market.  He holds bachelor’s degrees in agronomy and biology from the University of Connecticut.

Janie Hipp

HippSince 2013, Professor Janie Hipp has served as the Director of the Indigenous Food and Agriculture Initiative and with the companion title of visiting professor of law.

Prior to joining the School of Law, she was the senior adviser for tribal relations to Thomas Vilsack, Secretary of the U.S. Department of Agriculture. She is the founder of the USDA’s Office of Tribal Relations in the Office of the Secretary and served two terms on the USDA Secretary’s Advisory Committee for Beginning Farmers and Ranchers. She is an LL.M. graduate of the University of Arkansas Law School’s Agricultural and Food Law program. She holds a J.D. from Oklahoma City University and a B.A. in Social Work from the University of Oklahoma.

Beau Sheffield

SheffieldBeau 5 years of experience with Farm Credit.  He grew up in Gore, Okla. near his family’s farming operation which consisted primarily of corn, wheat, and soybeans.   Beau graduated from Oklahoma State University with a bachelor’s degree in Agribusiness in 2008.  Upon graduation, Beau worked for a couple financial institutions before joining Farm Credit of East Central Oklahoma. 

Currently, Beau is a member of the Broken Arrow, Oklahoma lending staff as an assistant vice president where he works directly with producers assisting them with their agricultural financing needs. 

 
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