NewsFAST Training 2019 offered in Freeport

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December 27, 2018
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 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.
 
 
FAST Training 2019 will be held on Tuesday, March 5, hosted by the U of I Extension-Stephenson County at the Highland Community College Student Conference Center, 2998 W Pearl City Road, Freeport in room 201 (use parking lot A).  Training is from  9:30 a.m. to 3 p.m.  Registration is $100 ($70 if you bring your own laptop). Registration required by February 26th. To register call U of I Extension at (815) 235-4125 or on-line at go.illinois.edu/jsw .