Coleambally To Host Financial Skills Workshop

Coleambally will host one of three Financial Skills Workshops for farmers across the region on Tuesday, July 26 from 9am to 3pm.

Rabobank is offering Riverina farmers the opportunity to expand their knowledge, free of charge, at a series of workshops designed to help provide the financial skills essential to managing an agricultural operation.

The practical workshops are designed to provide producers with a chance to upskill and network.

The initiative has been spearheaded and funded by food and agribusiness banking specialist Rabobank’s Rabo Client Council - a group of the bank’s farming clients who volunteer their time implementing programs that contribute to the sustainability of rural and regional communities.

The introductory, interactive workshops provide practical, hands-on advice for understanding financial statements and banking requirements to participants free of charge.

Workshops explore topics such as taxation versus management accounting, essential business management ratios and understanding key components of a business’s financial profile.

Rabobank Riverina and Northern Victoria Rabo Client Council chair, Monique Bryant said financial skills were vital for our farmers and future farmers.

“These workshops provide insightful knowledge in running and managing the day-to-day aspects of agricultural businesses from a financial perspective,” Ms Bryant said.

“They also seek to attract and retain the next generation of individuals in the industry while supporting the knowledge of current producers.

“The content provided through this workshop is real and valuable - meaningful knowledge you can walk away with and use in the business.”

Ms Bryan said, for farmers, having a greater understanding of their business when approaching their financier can also help when applying for any additional finance requirements or funding a new venture.

Rabobank regional manager, Sally Bull said the workshop content had been tailored to farming businesses in the region through realistic case studies.

“Through these case studies, the sessions will look at what makes up a balance sheet, profit and loss statement and cashflow and interpreting the financial ratios to make calculated business decisions,” Ms Bull said.

“This then feeds into sessions on how banks assess a loan application and the importance of developing a business plan, as well as managing the business through adversity and positioning the business when the season improves.

“If you’re interested in these workshops, keen to meet other leading farmers in the ag sector and learn more about financial literacy - be sure to register your place.”

The workshops, which will be limited to 30 participants each and are not restricted to Rabobank’s clients, will be presented by the Director of Hudson Facilitation, Tony Hudson.

Workshops will also be conducted at Swan Hill on Monday, July 18 from 10 am to 4 pm and Albury on Wednesday, July 27 from 9am to 3pm.

Register to participate https://rabobankaunz.eventsair.com/, Morning tea, lunch and afternoon tea will be provided.

• Topics:

• Events
• Workshop / Short Courses
• Agriculture & Farming