UVM Extension farm business educators (Mark Cannella, Tony Kitsos and Betsy Miller) are available to work one-on-one with farmers on their finances and business planning.Fall 2016 Business and Budget Clinics are scheduled for October 11- October 28 at our statewide offices. Reserve an appointment now at www.regonline.com/fallclinics2016
Bring your financial statements, business plans, recent records and questions for this 1 ½ hour scheduled private meeting. This might include internal accounting statements, the IRS Schedule F and files on a portable farm computer. Use the time to prepare the statements that will help manage the business.The session can also be used to review a written business plan or feasibility plan.
In this session you can expect to develop an accurate balance sheet or a budget for the farm. Alternatively, the time can be used to assess or revise business planning goals including: capital access, marketing,strategic planning, and business plan preparation.
UVM Extension, with financial support from VT Housing Conservation Board, is offering this one day “Business Basics for Loggers” workshop for Vermont loggers on two separate dates and locations:
December 7, 2015 – Chester, VT
December 8, 2015 – St. Johnsbury, VT
Workshop attendees will receive 8 Logger Education to Advance Professionalism (LEAP) credits. Click here for the full program flyer: Business Basics for Loggers
Intro to Ag Financial Management
Dates: Feb. 4, 11 & 18, 2015 (Snow date, Feb. 25)
Locations: Berlin or Rutland, VT
Times: 1-4 pm.
Make this the year you bravely step into the world of farm finances! With two top-notch ag financial management specialist to lead the way, Intro to Ag Financial Management will help you approach farm finances with confidence. This course provides farmers with the knowledge they need to understand and complete a balance sheet, income statement and cash flow statement. Participants will learn the basics of budgeting and skills to anticipate the financial needs of their farm operations. Participants can choose to participate in a clinic with one‐to‐one assistance at no additional charge. Classes will be offered simultaneously in Rutland and Berlin, Vermont, with an on-site instructor at each location.
Course fee: $150. Registration discounts are available for people who have completed Growing Places and for two or more people attending from the same farm/business. Scholarships are also available. For more information and to register visit http://www.uvm.edu/newfarmer and click on “Classes.” You can also email or call Heidi Krantz at email@example.com, 802-223-2389 x 203.
This morning agency representatives and professionals hosted a session at the Vermont State House devoted to understanding labor laws for agricultural employers. Agricultural employers cannot expect to be experts on these topics but they must be aware of the important issues and understand when it is essential to contact specialists to assess specific situations.
Today’s topics included key provisions of the Federal Labor Standards Act (FLSA) and an introduction to potential exemptions for agricultural businesses. It was explained that the Wage and Hour determinations are based on a week of work. So if you have an agricultural employee working 38 hours in the field picking strawberries and that same worker spends just 3 hours in the farm retail store running a register…that entire week could be considered non-agricultural and subject to FLSA (wages and overtime were the most common discussion topics). Notice I said “could be” as it could vary based on if the store sells strawberry jam or if other products from other farms are resold in the store. There are a variety of agricultural exemptions that should be understood thoroughly to ensure a business remains in compliance with the law.
And for the details… here are several of the resources that were referenced. US Department of Labor Fact Sheets: #71 Interships, #13 Relationship Determinations, #26 H-2-A, #12 AG Employees, #14 Coverage, #50 Trasportation, #49 Migrant and Seasonals, #40/43 Youth.
To access these sheets, click this link to the DOL Wage and Hour Fact Sheets online.
The US Department of Labor has a district office in New Hampshire that can be contacted at information listed here: http://www.dol.gov/whd/america2.htm#Vermont
I see green ($) when I see well managed pastures. Improved pasture management can lead to increased weight grain per day for meat production and improved income over feed costs in dairy operations.
Troy Bishopp at Central New York RC&D has just posted new 2014-15 Planned Grazing Charts. Go this link to download a chart for yourself:
Charts are available for 10,20 and up to 40 paddock systems