Keeping good business records is critical for any value-added farm business, says Hal Pepper, financial analysis specialist with the Center for Profitable Agriculture. “Direct marketers, food processors and agri-tourism operators who keep good records are better able to analyze their costs and returns and evaluate market opportunities.”
Pepper along with Les Humpal, Dallas Manning and Danny Morris from UT Extension will present a seven-hour workshop designed to help farmers learn to keep better financial records. Participants will be introduced to QuickBooks accounting software and learn about setting up a chart of accounts, items, customers and vendors, entering sales and recording deposits, paying bills and writing checks and creating reports. The workshop is designed for producers who sell fresh and processed farm products at direct marketing outlets such as farmers markets, on-farm stands, pick-your-own and agri-tourism operations.
Preregistration is required, and the workshop will begin with check-in at 8:30 a.m. local time. The workshop will end at 4 p.m.
The registration fee is $20 per person and lunch is provided. Space is limited and preregistration is required no later than July 10. Information about the workshop is available on the Center’s website: http://ag.tennessee.edu/cpa and registration is now open online at tiny.utk.edu/farmrecords.
This workshop fulfills a Tennessee Ag Enhancement Program (TAEP) educational requirement in only the following Producer Diversification sectors: Agritourism, Fruits & Vegetables and Value-Added. For additional information regarding educational programs for TAEP requirements, please contact Clay Dunivan at the Tennessee Department of Agriculture, 615-837-5348.
The “Record Keeping for Successful Value-Added Enterprises” workshop was developed by the UT Center for Profitable Agriculture through funding provided by Southern Risk Management Education and is based upon work supported by USDA/NIFA under Award Number 2015-49200-24228.
Learn more about the Center for Profitable Agriculture at ag.tennessee.edu/cpa. Contact Pepper with questions about the workshop at [email protected] or 931-486-2777.