Please join ASA for a field talk led by Brian Ziehm of Tiashoke Farm, Mark Anderson from Landview Farm, and Dr. Allen Williams of Understanding Ag.  Tiashoke Farm has participated in a three-year grant funded by Northeast SARE to experiment with interseeding diverse cover crops into silage corn at the V5/V6 stage.  In 2022, Tiashoke Farm partnered with Landview Farm to purchase an interseeder to sow cover crops into several hundred acres of silage corn.  We will take a look at some of the results and hear from the farmers about the benefits and practical challenges of interseeding.  Dr. Williams will discuss impacts he has seen on soil health and reduced input costs with the use of cover crops.

A workshop for any farmer looking for tools and information to improve soil health, reduce input costs, and increase profitability.

Join the Agricultural Stewardship Association for a day-long workshop with Dr. Allen Williams of Understanding Ag. Dr. Williams and his colleagues have been leaders in working with farmers and ranchers across the U.S. and around the world to increase their understanding of soil health practices and how they can make any farming operation more successful.

We need your input!  Mike will be holding a Champlain Valley tree fruit grower input session on November 30 in Plattsburgh at the Clinton County CCE office. Mike will review his 2022 research and extension activities. We would then like to hear from you to set priorities for future tree fruit research and education needs, and to get your input for speakers for our 2023 winter meetings. 

Your farm's big-3 financial records (balance sheet, income statement and statement of cash flow) and how to use them to assess your overall financial situation. This information will help you assess what types of investments are likely to be viable for your farm business and whether or not you are likely to be able to use credit to finance that investment.  We will specifically cover Farm Profitability, Cash Flow, and Key Financial Ratios.

How do you create value?  How do you differentiate yourself from your competitors?  In other words - what is your farm's business strategy?  Your investments should be in line with your strategy.  Different business strategies will result in investments in different parts of the Farm Business Value Chain.  Farm Business Value Chain - full range of activities needed to create a product or service.

Identifying the Enterprises in Your Value Chain.  Your Profit Centers and Cost Centers.  We will cover: Direct vs Indirect Costs and Cost Allocation and Variable vs Fixed Costs and Relevant Range (when does a fixed cost become a variable cost?)

Operating budgets are the overall financial plan for the business.  You can use a budget based on your current situation as the base to model new scenarios.

It is more time-consuming to develop detailed budgets for your enterprises, but it is worthwhile to do this for area where you are considering making major investments.  We will demonstrate how to move from an operating budget to an enterprise budget to model specific scenarios within that enterprise. 

Introduces a structured process for a manager to go through to decide among options for long-term investments, projects or changes to the farm business.

As you change your prices, volume of sales or costs of production how does your profit change?  What is your break-even point and what output level do you need to achieve a target income? We will also cover sensitivity analysis that will help you see how your results will vary over a range of likely scenarios from best case to worst case.  This will help you assess the riskiness of your plan.

Save the Dates for the following Winter Meetings:

• NOFA NY Virtual Winter Conference, February 2-5, 2023

• Empire State Expo, Oncenter Syracuse, February 6-7 2023

• Becker Forum, Oncenter Syracuse, February 8, 2023

• Eastern NY Commercial Horticulture Program Regional Winter Meeting, The Desmond Hotel, Albany, February 21-23, 2023 

Capital budgeting is defined as the process used to determine whether capital assets are worth investing in. it's the process of asking: is an asset worth the resources it requires?  Capital assets are usually long-term investments like new equipment, facilities, and other infrastructure upgrades. By incorporating strategically planned capital budgeting into their financial processes, companies can more effectively determine and prioritize which projects, programs and other investment assets could be most financially beneficial in the long-term.

Due to a lack of registrations, we have decided to cancel the advisory meetings scheduled for Tuesday, December 20th in Columbia County and Wednesday, December 21st in Saratoga County.  Please look for a survey coming soon in your email!