HMI’s Online Learning Series Getting Started Holistic Financial Planning course ran from January to February 2017 with 15 participants from The United States, Canada, Mexico, Peru and the United Kingdom. This course focused on key financial principles that helped participants learn how to work on their business, not just in their business. This simple approach to financial planning assisted participants to understand the big picture view as well as make critical production decisions based on a clear sense of cost of production for different enterprises. Participants were able to develop a financial plan and identify ways to implement and monitor that plan. The participants were very excited to learn the key economic analysis tools for improved financial decisions for both annual budgets and for long-term investment.
Participating in the Getting Started Holistic Management Financial Planning course has been one of the best investments of time and money we have made for our business. It has allowed us to improve our communication as a husband and wife team and helped us design a manageable financial plan that is specific to our needs and goals. Agriculture producers at any stage in their career will certainly benefit from this well-organized and thorough course.
Here’s what the participants had to say:
“The whole course overall was very beneficial.”
“The overall course was an eye opener. I will surely implement training obtained.”
Good information and instructions on financial planning.
It was very useful to learn to figure out a financial plan more properly and calculate the projected income.
“I learned so much and will definitely use all of this for my farm.”
Getting Started Holistic Financial Planning Course Survey Results
Knowledge/Behavior and Confidence Increase % Increase
|Determining the weak link in your farm’s/ranch’s enterprises
|Identifying log jam and adverse factors
|Determining viable profitable enterprises for your farm/ranch after the course
|Your skills in developing a whole farm/ranch financial plan after the course
|How to increase your farm’s/ranch’s net worth after the course
|Assessing the cash flow of your plan after the course
|Prioritizing and cutting farm/ranch expenses to guide reinvestment in your farm/ranch after the course
|Determining your farm’s/ranch’s net worth
|Determining your farm’s/ranch’s projected revenue