There is no doubt these are challenging and uncertain times. Many producers are concerned that the slim margins they have struggled with for years will grow even more challenging with closed markets, closed meat processing plants, and challenging weather. A recent article in the Albuquerque Journal suggests that this year might see the demise of the cattle industry in New Mexico.
At the very same time we have learned that many of HMI’s alumni are experiencing a 100-400% increase in business as consumers now realize the value of a local food system when the centralized market begins to breakdown and show its vulnerabilities.
If you are struggling to find the opportunities now in your business, consider taking the next step with HMI’s Financial Planning Course. Our alumni average at least a 30% increase in net profit and some have experienced an increase as high as 1400%. We also have scholarships available. Sign up today!
Holistic Management® Financial Planning
►Understanding the difference between financial planning, managing, and accounting and who is responsible for these activities on your management team
►Benefits of a holistic, value-based approach to finances
►Using your whole farm or ranch goal to improve your financial decision-making
►Prioritizing expenses to increase your farm/ranch investment strategies
►Planning for profit
►Improving profitability with enterprise analysis
►Analyzing net worth and tracking progress
►Writing plans to maximize profitability
►Increasing creativity in planning and marketing for more profit
►Develop a financial plan which will consist of a yearly budget
►Determine current net worth and projected net worth at year-end to analyze the effectiveness of financial investments
►Develop enterprise analysis for each enterprise (up to 3 enterprises) to move from a production focus to a profit focus
►Be able to analyze expenses and investment allocation strategies so you can better determine the return on investment (up to 3 investments)
►Be able to analyze livestock production strategies and ramifications on financial planning (for those working with livestock)