Coming to Western New York Winter 2022!  See what growers are saying about this course.

Promoting the development of leadership skills among key employees is an investment in a business owner's most valuable resource - employees! Futuro Financiero is a 5-week professional development program specifically designed to increase leadership and managerial skill-sets, while increasing overall confidence in English language communication.

Futuro Financiero graduates are agricultural professionals, who posses the skills necessary to efficiently manage multi-lingual farm work teams. Participating farm businesses value and promote mutual respect and deeper cultural understanding throughout the workforce. This concept is particularly important where English and Spanish speakers convene to grow and harvest New York State's finest!

Eligibility: Open to all commodities. Spanish-speaking and aspiring Ag managers and farm employees in NYS. The Winter 2022 course will be held in the Western New York Lake Ontario Region. Please contact us for future course locations.

Questions?  - Contact Nicole Waters (en español - Mildred Alvarado)

Cornell Small Farms Program

  https://smallfarms.cornell.edu...

In collaboration with the Cornell Cooperative Extension Lake Ontario Fruit Program

Sponsored by Cornell Cooperative Extension Lake Ontario Fruit Program, NYS Department of Agriculture & Markets, & Yes! Apples

About Futuro Financiero

One-of-a-kind professional development experience that builds upon the knowledge that developing leadership skills among key employees is an investment in a farm business's ultimate success.

Course Dates: 

• PLEASE NOTE DUE TO WEATHER THE 1ST CLASS HAS BEEN RESCHEDULED it will occur Thursday, February 10, 9:00am-4:00pm
• Thursday, February 17, 9:00am-4:00pm
• Thursday, March 3, 9:00am-4:00pm
• Graduation Celebration: Saturday, March 5, 4:00pm-7:00pm

Course outcomes include:

• Deeper understanding of the farm business
• Ability to create stronger, more efficient farm work teams
• Increased communication across all farm employee levels
• Increase in trust between employer and employees'
• Deeper understanding of employees' value to the business
• Increased overall confidence and personal well-being
• Foundational knowledge for future career growth

co-hosted by Cornell Cooperative Extension

Farm Owner Testimonials for Futuro Financiero:

See what growers are saying about this course.  

Invierno 2022: Clases de Futuro Financiero para Gerentes Agrícolas y Supervisores del Oeste del Estado de Nueva York

!Proximamente en el Oeste de Nueva York en el invierno de 2022!

¡Promover el desarrollo de habilidades de liderazgo entre los empleados clave es una inversión en el recurso más valioso de un empresario- sus empleados!. Futuro Financiero es un programa de desarrollo profesional de 5 semanas, específicamente diseñado para aumentar las habilidades de liderazgo y gestión empresarial, al mismo tiempo que incrementa la confianza de comunicarse en inglés de los empleados que no hablan inglés como primera lengua.

Los graduados de Futuro Financiero son profesionales de la agricultura, que poseen las habilidades necesarias para gestionar eficazmente equipos de trabajo agrícolas multilingües. Las empresas agrícolas participantes valoran y promueven el respeto mutuo y un mayor entendimiento cultural en toda su fuerza laboral. Siendo este concepto especialmente importante en los casos en los que hablantes de inglés y de español se reúnen para cultivar y cosechar lo mejor del Estado de Nueva York.

Requisitos: Abierto a todas las empresas agrícolas sin importar su rubro de producción; empresas que desean mejorar las habilidades de sus gerentes o mandos medios que hablan español o que cuentan con empleados aspirantes a gerentes agrícolas. El curso de invierno de 2022 se llevara a cabo en la región del Lago Ontario del Oeste de Nueva York. Por favor, póngase en contacto con nosotros para proporcionarles información sobre los lugares y ubicación del curso.

¿Preguntas?  - Contacte a Nicole Waters para información en Ingles, o a Mildred Alvarado para información en español

Cornell Small Farms Program

Sponsored by Cornell Cooperative Extension Lake Ontario Fruit Program, NYS Department of Agriculture & Markets, & Yes! Apples

En colaboración con el Programa de Frutas del Lago Ontario de la Cooperativa de Extension de Cornell

¡Regístrese aquí!

Sobre Futuro Financiero

Una experiencia de desarrollo profesional única que se basa en el conocimiento de que el desarrollo de habilidades de liderazgo entre los empleados clave de su negocio es una inversión efectiva para alcanzar los obejtivos de su empresa agrícola exitosamente.

Los resultados del curso incluyen:

• Una comprensión más profunda del negocio agrícola
• Capacidad para crear equipos de trabajo agrícolas más fuertes y eficientes
• Aumento de la comunicación en todos los niveles de los empleados de la empresa
• Aumento de la confianza entre el empresario y los empleados
• Comprensión más profunda del valor de los empleados para la empresa
• Aumento de la confianza general y del bienestar personal
• Conocimientos fundamentales para el futuro crecimiento profesional

co-organizado por Cornell Cooperative Extension (Cooperativa de Extensión de Cornell)

Testimonios de propietarios de Pequeñas Agro-empresas sobre Futuro Financiero:

A four-part webinar series on Orchard Efficiency: Labor and Technology.

In case you miss one or would like to review discussions the recordings of these meeting will be available at the Lake Ontario Fruit Program YouTube Channel. https://www.youtube.com/channe...

Virtual Orchard Meetup Series YouTube Playlist

Part 1 (June 2) Labor - Grower Experiences - recording- https://youtu.be/KhhJBbGmwa4
Part 2 (June 16) Labor - Specialist Panel
Part 3 (June 30) Technology - Grower Experiences
Part 4 (July 14) Technology - Specialist Panel

These meetups will provide an opportunity to review challenges, best practices, and new recommendations for orchard labor and technology. Led by a panel of scientists, growers, and other experts in orchard labor and technology across N. America.
Facilitated by Bernardita Sallato WSU Extension, Mario Miranda Sazo Cornell Cooperative Extension, Anna Wallis MSU Extension, Daniel Weber PSU Extension, and Kristy Grigg-McGuffin OMAFRA.

With support from IFTA, AgAID, CIDA, and the PACMAN SCRI Project Team

In the long run, it is only worthwhile to grow and sell a product if the price customers are willing to pay for the product exceeds all costs incurred to produce and sell it while earning a reasonable return on your invested capital (financial and human).

The purpose of each class is to give you some of the tools you need, as an orchard owner, to assess whether an investment or long-term change in your orchard business makes sense and to help you choose among potential options.  Although this class will used orchard businesses as the framework, most of the concepts I will cover are applicable to any business situation.

The focus on this series is decision making and by extension risk reduction.  I say risk reduction because a good decision does not necessarily mean a good outcome.  Bad luck or unanticipated issues can result in bad outcomes even when good decisions were made.  But the best protection you have against a bad outcome is a well-informed good decision. Our goal is to help you make good, informed decisions with the data you have available. 

All webinars are free.  They will each be around an hour long and cover a specific topic.  They will be recorded so that if you miss a program you can view it later.  You must register to attend the webinars. 

To register for the series, go to: Webinar Registration

WEBINAR SCHEDULE

December 5 (12:30-1:30) Webinar 1 - Looking at the Big Financial Picture for Your Farm

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.  

December 6 (12:30-1:30) Webinar 2 - Business Strategy and the Farm Business Value Chain

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.

December 7 (12:30-1:30) Webinar 3 - Using Your Farm's Financial Data to Make Management Decisions

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?)

December 8 (12:30-1:30) Webinar 4 - Operating Budgets and Strategic Planning

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.

December 12 (12:30-1:30) Webinar 5 - Enterprise Budgets

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. 

December 13 (12:30-1:30) Webinar 6 - 5 Step Decision-making Process for Capital Projects and Long-term Investments

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.

December 14 (12:30-1:30) Webinar 7 - Cost Volume Profit Analysis and Sensitivity Analysis. 

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.

December 15 (12:30-1:30) Webinar 8 - Capital Budgeting Tools - Net Present Value, Internal Rate of Return, and Payback Period

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.

The Zoom Series and Hands-on Skills Class is being instructed by Elizabeth Higgins, Extension Specialist, Ag Business Management and Production Economics with the CCE-Eastern NY Commercial Horticulture Program. Liz has over 15 years of expertise in these subject areas, working closely with the commercial fruit and vegetable industries in the eastern part of the state.

In the long run, it is only worthwhile to grow and sell a product if the price customers are willing to pay for the product exceeds all costs incurred to produce and sell it while earning a reasonable return on your invested capital (financial and human).

The purpose of each class is to give you some of the tools you need, as an orchard owner, to assess whether an investment or long-term change in your orchard business makes sense and to help you choose among potential options.  Although this class will used orchard businesses as the framework, most of the concepts I will cover are applicable to any business situation.

The focus on this series is decision making and by extension risk reduction.  I say risk reduction because a good decision does not necessarily mean a good outcome.  Bad luck or unanticipated issues can result in bad outcomes even when good decisions were made.  But the best protection you have against a bad outcome is a well-informed good decision. Our goal is to help you make good, informed decisions with the data you have available. 

All webinars are free.  They will each be around an hour long and cover a specific topic.  They will be recorded so that if you miss a program you can view it later.  You must register to attend the webinars. 

WEBINAR SCHEDULE

December 5 (12:30-1:30) Webinar 1 - Looking at the Big Financial Picture for Your Farm

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.  

December 6 (12:30-1:30) Webinar 2 - Business Strategy and the Farm Business Value Chain

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.

December 7 (12:30-1:30) Webinar 3 - Using Your Farm's Financial Data to Make Management Decisions

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?)

December 8 (12:30-1:30) Webinar 4 - Operating Budgets and Strategic Planning

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.

December 12 (12:30-1:30) Webinar 5 - Enterprise Budgets

It is more time-consuming to develop detailed budgets for your enterprises, but it is worthwhile to do this for areas 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. 

December 13 (12:30-1:30) Webinar 6 - 5 Step Decision-making Process for Capital Projects and Long-term Investments

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.

December 14 (12:30-1:30) Webinar 7 - Cost Volume Profit Analysis and Sensitivity Analysis. 

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.

December 15 (12:30-1:30) Webinar 8 - Capital Budgeting Tools - Net Present Value, Internal Rate of Return, and Payback Period

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.