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Course facilitators:
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Sponsored by FNB Fund
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Ntsikane Maine
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Wimpie Nell
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These courses are presented in Afrikaans, English or Sotho
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| FARM MANAGEMENT |
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Why are some farmers or farming organisations successful while others are having a difficult time just to survive? The answer to this question is very simple: Some farmers/managers are doing a better job at managing their farms than others.
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Objective
To equip emerging farmers with basic management skills to enable them to understand the management tasks and dynamics in management.
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| ENTERPRISE BUDGETS |
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Adequate records are essential for sound management decisions and for the attainment of the overall picture of the financial and physical performance of enterprises. Enterprise budgets are important in the development of a farming plan and when drawing up a total financial budget, especially the cashflow. Enterprise budgets can further be used as a control mechanism to compare the budgeted against the actual actions.
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Objective:
To equip emerging farmers with enterprise budgeting skills to be able to construct enterprise budgets for their crop and livestock enterprises.
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| THE CASHFLOW BUDGET & BALANCE SHEET |
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Nowadays cashflow is the most important aspect of the financial management of the farm business. The primary aim of a cash flow budget is to monitor the trend followed by income/expenditure (cash and credit). Will the balance (if it is an overdraft) decrease or increase during the course of a production season? What is the estimated extent of funds required? A further objective of a cash flow budget is also to record the envisaged course of events so that the actual situation can be compared to the expected situation on a regular basis. Should incidental expenses or changed circumstances influence the financial position of the business later on during the year, financial management can be adapted to the changed position or provision can be made or planning done in good time.
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Objectives:
 To equip emerging farmers with basic financial management skills by knowing how to develop a basic cash-flow budget and using it for management purposes.To equip emerging farmers with the knowledge of how the financial management fits into the total picture of the farm management process. |
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