A workshop for new and early-career farmers will be held in Redwood Falls in March.

“Your Farm, Your Finances, Your Future” will highlight the importance of good financial management in a farming operation.

The Redwood Falls workshop is March 5 at the Pizza Ranch from 9:30 a.m. to 12 p.m.

Allen Deutz of the Southwest Minnesota Farm Business Management Association is scheduled to lead the upcoming workshop. 

The educational program will touch on record keeping, loan management, financial statements and their uses, financial ratios and their meanings and how the Southwest Minnesota Farm Business Management Association uses benchmarking to give agricultural producers an “apples to apples” confidential comparison on how their farm business is performing compared to their peers.

These tools provide a competitive edge when profit margins are narrow.

There is no fee to attend these workshops. The buffet is open to attendees at their own cost.

However, to reserve a space and materials those planning to attend are asked contact Gretchen Thillen at (507) 752-5094 or send an e-mail to gthillen@umn.edu.

The registration deadline for the workshop is March 1, 2019. This event is sponsored by the Southwest Minnesota Farm Business Management Association and University of Minnesota Extension.