Free Accounting Workshop: Maine Farmland Trust offers “Digging into Farm Accounting” in Caribou

Accounting can be one of the most difficult and essential functions of owning a farm. At Maine Farmland Trust (MFT) we believe you can, and should, get to know the story your financials are telling you.

That’s why MFT is offering Digging into Farm Accounting, a free two-day farm accounting workshop, in a relaxed and friendly environment where all questions are welcome. Bangor Savings Bank is generously sponsoring this training.

The session will take place in Caribou on Friday, March 15th from 4PM-7:30PM and Saturday, March 16th from 9AM–5PM at the Northern Maine Development Corporation (NMDC) Board Room at 11 West Presque Isle Road.

Attendees will have the opportunity to understand the uses of, and relationships between, the three major financial statements (balance sheet, income statement, and cash flow), and why each is important. You will have the chance to understand, identify, and calculate your critical financial data points. You will learn what information you need to plan for slow times, and for growth, while becoming better prepared for productive conversations with lenders and investors. You will better understand how to use your financial statement history as a planning resource for future seasons.

Sessions will be led by Rose Creps, Center Director & Certified Business Advisor at Maine SBDC at Androscoggin Valley Council of Governments. Creps is highly regarded by Maine farmers and value-added AG business owners. She has brought her expertise in financial analysis, forecasting, budgeting, management controls, recovery planning, loan packaging, and QuickBooks to many classrooms, AG businesses, and farm tables for well over a decade. Creps is an accounting instructor at Southern New Hampshire University in Brunswick and has previously taught at Southern Maine Community College. She earned her MBA in Global Business Administration at Southern New Hampshire University and a BS in Accounting at Southern New Hampshire University.

Workshop participants will receive Julia Shanks’, The Farmers Office: Tools, Tips, & Templates to Successfully Manage a Farm Business. Students will also have access to 11 essential farm business templates including QuickBooks charts of accounts for Mac & PC, and a PowerPoint Investor Presentation Deck.

Pre-registration is required by Tuesday, March 12th at noon. Register online. Questions about registration can be directed to Rachel K at the MFT office, or 207.338.6575.

Lodging options are available for Friday night in Caribou and Presque Isle. Limited funds are available to help defray some overnight costs for Washington County farmers.

Contact: Elizabeth Sprague
Phone: 207.263.8771