PDPW Financial Literacy for Dairy, held during Winter/Spring 2020 in Juneau, Wis
Dairy farming in today’s complex economic environment requires an advance skill set in business strategy and financial management. The PDPW Financial Literacy for Dairy® Series, presented by Professional Dairy Producers® (PDPW), offers dairy farmers and agribusiness the knowledge, tools, and resources needed to be elite business owners and executives.
Upcoming levels and meeting dates include:
· Level 2: Jan. 8-9, continues Feb. 12-13, and concludes March 4-5, 2020
· Level 3: March 24-25, 2020
The intermediate development offered in Level 2 provides 6 days of training, focusing on an advanced understanding of accrual adjustments, projected cashflow and business analysis, enterprise profitability, cost center tracking, key performance measures, ratios and business planning.
Attendees will complete the series having mastered:
· Key ratios including asset turnover ratio, operating profit margin, capital debt repayment capacity, liquidity ratio, return on equity and return on assets
· Adjusted cash basis net income to accrual adjusted data
· 5-year trend sheet of key financial trends
· Preliminary data readily accessible to calculate COP for primary commodities marketed
· A detailed business balance sheet compiled on both a cost (book) basis and a market value basis
The advance development offered in Level 3 provides a two-day deep dive into the most complex concepts of business and financial strategy. The topics include scenario planning, performance monitoring, trend analysis, key metrics, benchmarking, growth and efficiency trade-offs, optimizing capital purchases, management of capital investments, and development of protocols for sharing records, and strategies for family business governance.
The inaugural release of Level 3 is authored and instructed by Dick Wittman, board chair, transition coach and former manager of a 20,000-acre crop, cattle and timber operation in northern Idaho. Wittman specializes in financial and family business management, transition planning, consultant training and conflict management.
An online placement assessment is required and determines class placement. Of each level, day one runs from 9:30 a.m. to 8 p.m. and day two reconvenes at 8 a.m. and concludes at 4 p.m. All trainings are held PDPW Training Headquarters at 820 N. Main St., Juneau, Wis.
Space is limited to the first 30 attendees for Level 2, and the first 15 attendees for Level 3, with priority given to active dairy farmers. To learn more about the PDPW Financial Literacy for Dairy Series or to register online, visit www.pdpw.org or call PDPW at 800-947-7379. Follow along digitally in advance of and during the event by following @dairyPDPW and using #PDPWFinancialLiteracy on Facebook, Twitter, Instagram, and LinkedIn.
The PDPW Financial Literacy for Dairy Series is an accredited training and offers up to 48 Dairy AdvanCE continuing education (CE) credits for Level 2 and up to 16 CE credits for Level 3. To learn more or secure credits, visit www.DairyAdvance.org.
Professional Dairy Producers (PDPW) is the nation’s largest dairy producer-led organization of its kind, focusing on producer professionalism, stakeholder engagement and unified outreach to share ideas, solutions, resources and experiences that help dairy producers succeed.