Farm Analysis Solution Tools: Tools for Better Decisio

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February 08, 2019
Farm Analysis Solution Tools: Tools for Better Decisions
 
Freeport, IL---Join the University of Illinois Extension for FAST Training 2019. This is a workshop focused on making informed decisions using your computer and spreadsheet tools developed by members of the University of Illinois’ farmdoc team. This one-day hands-on workshop will further participants’ understandings of Microsoft Excel applications and introduce FAST spreadsheets developed by agricultural economists at the University of Illinois.
 
Farm Analysis Solution Tools (FAST) are a series of Microsoft Excel spreadsheets that assist users to make various farm business decisions. These tools offer guidance in the following areas: livestock management, financial analysis, investment analysis, loan analysis, farm management, grain marketing and management, and risk management.
 
The morning session focuses on tools for assembling cash flow statements as well as crop insurance and risk management options. The afternoon session will demonstrate the features in our Balance Sheet Tool. This tool allows the user to assemble and database balance sheet information and perform ratio analysis over multiple years.
 
The 2019 crop year is setting up to be another year of tight margins. The last few years of tight margins have caused some deterioration of the financial position of many producers.  This has led to stricter standards by lenders. Our training session is designed to get users to take a look at potential return scenarios for 2019, perform financial analysis and assemble cash flow statements using FAST Tools.
 
As part of the “hands-on” training, each participant will have access to a laptop computer that is provided in the registration cost. SAVE $30 by bringing your own laptop equipped with a DVD-ROM drive (or USB drive) and Microsoft Excel, version 2007 or higher. All participants will receive a copy of the FAST software, workshop notes, a one- year subscription to FAST updates, and a complementary lunch.
 
FAST Training 2019 will be held on Tuesday, March 5, hosted by the University of Illinois Extension-Stephenson County at the Highland Community College Student Conference Center, 2998 W Pearl City Road, Freeport in room 210 (use parking lot A).  The training will start at 9:30 a.m. and concluding at 3 p.m.  Registration is $100 ($70 if you bring your own laptop). Registration is required by February 26th. Register by calling the University of Illinois Extension at (815) 235-4125 or on-line at go.illinois.edu/jsw .
 
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For Further Information Contact:
Nikki Keltner, Program Coordinator: 815-235-4125