Extension Communications
3614 Administrative Services Building
Ames, Iowa 50011-3614
(515) 294-9915
10/21/99
Contacts:
Mike Duffy, Department of Economics, (515) 294-6160,
mduffy@iastate.edu
Elaine Edwards, Extension Communication Systems, (515)
294-5168, eedwards@iastate.edu
Do You Know Where Your Operation Stands Financially?
AMES, Iowa -- Take the guesswork out of your farming operation. Iowa State University Extension's Farm Financial Planning Program can help decide whether or not a change in your operation will be profitable.
The Farm Financial Planning Program is a confidential service provided to individuals who want to "gain a better understanding of their financial condition" said Mike Duffy, ISU Extension economist and professor in the department of economics. The program helps analyze profitability, liquidity, solvency and risk-bearing ability.
"This program is designed to help people in their planning process," said Duffy. "By analyzing changes on paper first, a lot of potential problems can be avoided."
Individuals who complete the Farm Financial Planning Program have a better understanding of their business and how future changes might affect it.
Currently, grants through the U.S. Department of Agriculture and other sources allow this service to be provided at no cost. Contact your local county ISU Extension Office to set up an appointment or obtain a "Farm Financial Planning Program" (PM 1775) brochure.
ml: isufarm
Extension programs are available to all without regard to race, color, national origin, religion, sex, age, or disability.