AgVentures
Building A Vision
Financial Management and
Analysis Workshop Series
Developed by
Financial Working Group
UW-Extension F.A.R.M. Team
(Farm and Risk Management Team)
Lee Milligan, Carl Duley, Bob Cropp, Jon Zander,
Gregg Hadley, Jenny Vanderlin
BAV-Audience

Producers
– Improve:
Financial Skills
 Problem Solving Skills

– Identify:
Critical Issues
 Mission Statement
 Vision Statement
 Plan for Farm Future

BAV-Audience

Producers
– Evaluate:

Financial Performance of Farm
– Develop:

Strategic Plan for Farm
BAV-What Is It?

3 Day Workshop

4.5 Hours (including lunch)

Small Group
(5-12 farms)
BAV-What Is It?

Interactive

Bella Acres Case Farm

Activities

Q&A Sessions
BAV-Program Evaluation


27 of 28 would use Strategic Planning
concept in their farm business
Comments:
– “I learned how to identify the key issues,
barriers to those issues and how to make
some real plans for solving those issues.”
BAV-Program Evaluation
Comments

Comments:
– “I learned the importance of creating alternative
solutions for areas for improvement before
creating actions for solution.”
– “Showed me how to make a strategic plan for
incorporating my husband and myself into my
parents operation. Having Bella Acres scenarios
was great. It allows for real info without making
those feel uncomfortable.”
BAV-Program Evaluation
Producers Reported Average Increase on
5 point Likert Scale in understanding of:


Net Worth, Income and Cash Flow
Statements
3.88 pts
Net Farm Income vs Cash Farm Income
3.81 pts
BAV-Program Evaluation
Producers Reported Average Increase on
5 point Likert Scale in Understanding of:


Desired ROROE/ROROA/COCAP Relationship
3.75 pts
Significance of Working Capital
3.69 pts
BAV-Program Evaluation
Comments
“BAV opened our eyes to a more
comprehensive look at what direction
business can choose and mechanics to
get us there.”
BAV-Program Evaluation
Comments, Con’t
“BAV made me think more about
whether I am financially sound or just
farming because that is what I do for
a job. I paid the bills each month but
this made me look at net farm income
and profit.”
BAV-Program Evaluation
Comments, Con’t
“Looking at returns to assets and returns
to equity have helped build our
confidence in what we are doing.”
Building A Vision
Curriculum
Contact:
Jenny Vanderlin
Center for Dairy Profitability
UW-Madison
608-263-7795
Building A Vision
Curriculum
Questions and Answers