Understanding Financial Basics

  • Thu, August 25, 2022
  • 6:00 PM - 7:30 PM

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Understanding Financial Basics 

Thursday, August 25th @ 6pm

Virtual Free

Managing the financial part of your farm can feel overwhelming, even when you know it can be vital to your farming success. This webinar will provide an overview of basic terminology, reports, and concepts that you need to know to get started with your farm financials. Presenter Phil W. Ross will cover the language of business financials, key terms to know, financial forms (Income Statements and Balance Sheets), assets vs expenses, and the practical implications of business financials (deductions, taxes, profits, cashflow).

P. Wade Ross (also known by many as "Phil") currently serves as CEO of Texas Small Farmers & Ranchers Community-Based Organization, after many years in the role of Education Director. He wears additional hats (no pun intended) as a financial literacy coach and consultant, and he co-owns and manages a grass-fed cattle and composting operation on land that has been in his family since the 1880s.

Texas Small Farmers & Ranchers/CBO is recognized around the state of Texas as a revered voice and education channel for small farmers of color. Mr. Ross also serves on the Board of Directors for Texas Center for Local Foods, is one of the founding members of the Texas Disaster Relief Collaborative, is a member of the NRCS Texas State Advisory Committee, along with numerous collaboratives and coalitions.

 Please be sure to register for the class so we know you're coming!


This workshop series is part of the Farm Success program, a collaboration between GROW North Texas and Farmers Assisting Returning Military made possible through funding from USDA Beginning Farmer and Rancher Development Program (award # 2021-49400-35628). 

    

GROW North Texas is an equal opportunity organization.

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