About the Course
"Decision Making" is a foundation course designed to equip you with the tools and strategies to navigate key financial decisions for your farm business. First, you'll delve into the intricacies of debt and debt management, gaining the knowledge to evaluate and manage debt strategically, align it with your business goals, and maintain strong relationships with lenders while avoiding common financial pitfalls.
You’ll then focus on effective cash flow management, teaching you how to develop and implement a cash flow strategy that enhances your business performance. You’ll move beyond basic monitoring to mastering the essential steps of operational budgeting and oversight.
Finally, you’ll learn how to build an advisory dream team by identifying the key professionals who can support and propel your business forward. By the end of this course, you'll be equipped with practical decision-making skills that strengthen your farm's financial health and future success.
Course Instructor
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Unit 6: Growing wisely: Debt & debt management
- Course 3 Intro
- Unit 6 Intro
- Unit 6 Overview
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Lesson 6.1
- Lesson 6.1 Intro
- Lesson 6.1: The nature of debt
- Lesson Summary
- Calculating debt
- Exercise: Organizing your debts
- Lesson Summary
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Lesson 6.2
- Lesson 6.2 Intro
- Lesson 6.2: The details of debt
- Lesson Summary
- Exercise: The details of your debt
- Exercise: Understanding borrowing
- Ask an expert
- Lesson 6.2 Quiz
- Put it into practice
- Lesson Summary
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Lesson 6.3
- Lesson 6.3 Intro
- Lesson 6.3: Using debt as a tool
- Lesson Summary
- Exercise: The purpose of your debt
- Ask an accountant
- Exercise: Case study (2)
- Put it into practice
- Lesson 6.3 Quiz
- Lesson Summary
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Lesson 6.4
- Lesson 6.4 Intro
- Lesson 6.4: Working with lenders
- Lesson Summary
- Lesson Summary
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Unit 6 summary & reflection
- Put it into practice
- Unit 6 Summary
- Reflection Questions
- Explore Further
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Unit 7: Sowing success: Effective cash flow management
- Unit 7 Intro
- Unit 7 Overview
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Lesson 7.1
- Lesson 7.1 Intro
- Lesson 7.1: The foundational principles
- Lesson Summary
- Ask an accountant
- Lesson 7.1 Quiz
- Lesson Summary
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Lesson 7.2
- Lesson 7.2 Intro
- Lesson 7.2: Operating budgets
- Lesson Summary
- Steps to completing an operating budget
- Exercise: Familiarize yourself with an operating budget
- Exercise: Understanding operating budgets
- Lesson Summary
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Lesson 7.3
- Lesson 7.3 Intro
- Lesson 7.3: Cash flow budgets
- Lesson Summary
- Exercise: Familiarize yourself with a cash flow budget
- Exercise: Understanding cash flow budgets
- Tools for cash flow management
- Lesson Summary
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Unit 7 summary & reflection
- Put it into practice
- Unit 7 Summary
- Reflection Questions
- Explore Further
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Unit 8: Farmer's boardroom: Building an advisory dream team
- Unit 8 Intro
- Unit 8 Overview
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Lesson 8.1
- Lesson 8.1 Intro
- Lesson 8.1: The benefits of a farm advisory team
- Lesson Summary
- Exercise: List your current advisory team
- Lesson Summary
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Lesson 8.2
- Lesson 8.2 Intro
- Lesson 8.2: Building your farm advisory team
- Lesson Summary
- Strategies to build and maintain advisor relationships
- Exercise: Identify your needs and potential advisors
- Lesson Summary
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Lesson 8.3
- Lesson 8.3 Intro
- Lesson 8.3: Maximizing the benefits of working with advisors
- Lesson Summary
- Lesson Summary
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Unit 8 summary & reflection
- Put it into practice
- Unit 8 Summary
- Reflection Questions
- Explore Further
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Course 3 wrap up
- What's Next
- Keep Learning
- Post-Course Survey
About the Course
"Decision Making" is a foundation course designed to equip you with the tools and strategies to navigate key financial decisions for your farm business. First, you'll delve into the intricacies of debt and debt management, gaining the knowledge to evaluate and manage debt strategically, align it with your business goals, and maintain strong relationships with lenders while avoiding common financial pitfalls.
You’ll then focus on effective cash flow management, teaching you how to develop and implement a cash flow strategy that enhances your business performance. You’ll move beyond basic monitoring to mastering the essential steps of operational budgeting and oversight.
Finally, you’ll learn how to build an advisory dream team by identifying the key professionals who can support and propel your business forward. By the end of this course, you'll be equipped with practical decision-making skills that strengthen your farm's financial health and future success.
-
Unit 6: Growing wisely: Debt & debt management
- Course 3 Intro
- Unit 6 Intro
- Unit 6 Overview
-
Lesson 6.1
- Lesson 6.1 Intro
- Lesson 6.1: The nature of debt
- Lesson Summary
- Calculating debt
- Exercise: Organizing your debts
- Lesson Summary
-
Lesson 6.2
- Lesson 6.2 Intro
- Lesson 6.2: The details of debt
- Lesson Summary
- Exercise: The details of your debt
- Exercise: Understanding borrowing
- Ask an expert
- Lesson 6.2 Quiz
- Put it into practice
- Lesson Summary
-
Lesson 6.3
- Lesson 6.3 Intro
- Lesson 6.3: Using debt as a tool
- Lesson Summary
- Exercise: The purpose of your debt
- Ask an accountant
- Exercise: Case study (2)
- Put it into practice
- Lesson 6.3 Quiz
- Lesson Summary
-
Lesson 6.4
- Lesson 6.4 Intro
- Lesson 6.4: Working with lenders
- Lesson Summary
- Lesson Summary
-
Unit 6 summary & reflection
- Put it into practice
- Unit 6 Summary
- Reflection Questions
- Explore Further
-
Unit 7: Sowing success: Effective cash flow management
- Unit 7 Intro
- Unit 7 Overview
-
Lesson 7.1
- Lesson 7.1 Intro
- Lesson 7.1: The foundational principles
- Lesson Summary
- Ask an accountant
- Lesson 7.1 Quiz
- Lesson Summary
-
Lesson 7.2
- Lesson 7.2 Intro
- Lesson 7.2: Operating budgets
- Lesson Summary
- Steps to completing an operating budget
- Exercise: Familiarize yourself with an operating budget
- Exercise: Understanding operating budgets
- Lesson Summary
-
Lesson 7.3
- Lesson 7.3 Intro
- Lesson 7.3: Cash flow budgets
- Lesson Summary
- Exercise: Familiarize yourself with a cash flow budget
- Exercise: Understanding cash flow budgets
- Tools for cash flow management
- Lesson Summary
-
Unit 7 summary & reflection
- Put it into practice
- Unit 7 Summary
- Reflection Questions
- Explore Further
-
Unit 8: Farmer's boardroom: Building an advisory dream team
- Unit 8 Intro
- Unit 8 Overview
-
Lesson 8.1
- Lesson 8.1 Intro
- Lesson 8.1: The benefits of a farm advisory team
- Lesson Summary
- Exercise: List your current advisory team
- Lesson Summary
-
Lesson 8.2
- Lesson 8.2 Intro
- Lesson 8.2: Building your farm advisory team
- Lesson Summary
- Strategies to build and maintain advisor relationships
- Exercise: Identify your needs and potential advisors
- Lesson Summary
-
Lesson 8.3
- Lesson 8.3 Intro
- Lesson 8.3: Maximizing the benefits of working with advisors
- Lesson Summary
- Lesson Summary
-
Unit 8 summary & reflection
- Put it into practice
- Unit 8 Summary
- Reflection Questions
- Explore Further
-
Course 3 wrap up
- What's Next
- Keep Learning
- Post-Course Survey