Keeping good business records is critical for any value-added farm business, says Hal Pepper, Financial Analysis Specialist with the University of Tennessee Extension. “Direct marketers, food processors and agritourism operators who keep good records are better able to analyze their costs and returns and evaluate market outlets.”
In December of this year and March 2018, Pepper along with Les Humpal, Dallas Manning and Danny Morris from UT Extension will present a seven-hour workshop designed to help farmers learn to keep better financial records. Participants will be introduced to QuickBooks accounting software and learn about setting up a chart of accounts, items, customers, and vendors, entering sales and recording deposits, paying bills and writing checks and creating reports. The workshop is designed for producers who sell fresh and processed farm products at direct marketing outlets such as farmers markets, on-farm stands, pick-your-own and agritourism operations.
“Record Keeping for Successful Value-Added Enterprises” will be held on the following dates at several locations across the state:
- December 12, Martin
- December 13, Carthage
- December 14, Chattanooga
- March 13, Memphis
- March 14, Franklin
- March 15, Knoxville
Pre-registration is required, and the workshop will begin with check-in at 8:30 a.m. local time. The workshop will end at 4 p.m.
The registration fee is $20 per person and lunch is provided. Space is limited and pre-registration is required no later than five business days prior to each workshop. Information about the workshop is available on the Center’s website: ag.tennessee.edu/cpa and registration is now open online at tiny.utk.edu/farmrecords.
This workshop fulfills a TAEP educational requirement in only the following Producer Diversification sectors: Agritourism, Fruits & Vegetables and Value-Added. For additional information regarding educational programs for TAEP requirements, please contact Clay Dunivan at the Tennessee Department of Agriculture, 615-837-5348.
The “Record Keeping for Successful Value-Added Enterprises” workshop was developed by the UT Center for Profitable Agriculture through funding provided by Southern Risk Management Education and is based upon work supported by USDA/NIFA under Award Number 2015-49200-24228.