April 25, 2019
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Maine Farmland Trust to offer ‘Digging into Farm Accounting Workshop’ in Caribou

Community Author: Elizabeth Sprague
Post Date:

CARIBOU — Maine Farmland Trust and Bangor Savings Bank are offering a free two-day farm accounting workshop 4-7:30 p.m. Friday, March 15, and 9 a.m.-5 p.m. Saturday, March 16, at Northern Maine Development Corp. Board Room, 11 West Presque Isle Road.

Attendees will have the opportunity to understand the uses of, and relationships between, the three major financial statements of 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 and certified business adviser 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 at https://www. mainefarmlandtrust.org/event/ digging-into-farm-accounting/ Questions about registration can be directed to Rachel K at the MFT office, rkeidan@mainefarmlandtrust.orgor 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.