Managing the day-to-day challenges of cash flow is tough for Ohio producers, especially since the agricultural economy is experiencing a number of stresses in 2019. Challenging weather and uncertain market conditions are leaving many farmers across the state under considerable financial pressure. The reality is, no one is immune to financial stress. Layer in long-term planning, such as a business succession and retirement, and it can often feel overwhelming.
The Ohio Farm Bureau Financial Essentials program aims to alleviate these concerns through a series of workshops and online resources developed to help answer important financial questions.
In collaboration with Nationwide, AgCredit, Ohio State University Extension, Farm Credit Mid-America and Wright & Moore Law Co. LPA, these resources can help guide the path to financial security for families, farms and businesses.
Ohio County Farm Bureaus are hosting workshops in several locations during August and September. Each session will include a meal provided by the county Farm Bureau. The sessions are free for Farm Bureau members and $10 for nonmembers.
The workshops and locations are:
• Essentials in Farm Succession Planning. Middlefield, Aug. 16; Bellville, Sept. 10
• Essentials in Financial Risk Management. Pemberville, Aug. 5; Kenton, Aug. 20; Kalida, Sept. 5; Van Wert, Sept. 9
• Essentials in Retirement Planning. Wapakoneta, Aug. 29; Jackson, Sept. 1
To access resources such as podcasts, videos and worksheets, or to attend a local workshop, visit ofbf.org/financial-essentials.