Farm Analysis Solution Tools-Tools for Better Decisions - U of I Extension

News Release

Farm Analysis Solution Tools-Tools for Better Decisions

FOR IMMEDIATE RELEASE

February 2, 2018

Freeport, IL---Join the University of Illinois Extension for FAST Training 2018. This is a workshop focused on making informed decisions using your computer and spreadsheet tools developed by members of the University of Illinois’ farmdoc team. This one-day hands-on workshop will further participants’ understandings of Microsoft Excel applications and introduce FAST spreadsheets developed by agricultural economists at the University of Illinois.

Farm Analysis Solution Tools (FAST) are a series of Microsoft Excel spreadsheets that assist users to make various farm business decisions. These tools offer guidance in the following areas: livestock management, financial analysis, investment analysis, loan analysis, farm management, grain marketing and management, and risk management.

The 2018 crop year is setting up to offer tight margins again. It also appears that base prices for crop insurance could be set at relatively low levels. This training session is designed to get users to take a look at potential return scenarios for 2018 and perform financial analysis using FAST Tools.

The morning session focuses on tools for assembling cash flow statements as well as crop insurance and risk management options. The afternoon session will demonstrate the features in our Balance Sheet Tool. This tool allows the user to assemble and database balance sheet information and perform ratio analysis over multiple years.

As part of the “hands-on” training, each participant will have access to a laptop computer that is provided in the registration cost. SAVE $30 by bringing your own laptop equipped with a DVD-ROM drive (or USB drive) and Microsoft Excel, version 2007 or higher. All participants will receive a copy of the FAST software, workshop notes, a one- year subscription to FAST updates, and a complementary lunch.

FAST Training 2018 will be held on Tuesday, February 27, hosted by the University of Illinois-Extension-Stephenson County at the Highland Community College Student Conference Center, 2998 W Pearl City Road, Freeport.  The training will start at 9:30 a.m. and concluding at 3 p.m.  Registration is $100 ($70 if you bring your own laptop). Registration is required by February 19th. Register by calling the University of Illinois Extension at (815) 235-4125 or on-line at web.extension.illinois.edu/jsw .

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For Further Information Contact:

Source: Nikki Keltner, Program Coordinator: 815-235-4125

Source: Margaret Larson, County Extension Director, mklarson@illinois.edu

Pull date: February 27, 2018