Cash flow management is a huge part of any farm operation.
Mike Witkowicz is the Vice President Strategy and Business Development for the AG Exchange Group.
Witkowicz will be talking at the upcoming Rural Roots Canada – Rolling Hills Agriculture Day on Thursday, June 14.
He will be concentrating his talk on cash flow management and how it ties back to knowing what your costs are and then hitting some target revenues by crop.
“Right now we look at it in chunks,” said Witkowicz. “Everyone wants you to know your cost of productions, everyone wants you to make a grain marketing plan, but I think there is a gap out there today as to looking at it holistically from knowing your costs, knowing your revenues, then there’s the how, the mechanism as to how you need a cash flow plan to pay your bills and have the extra profits for you business.”
Witkowicz says the session will be interactive and allow farmers to get a better understanding of their CXN360 platform, which operates like ‘a dating site for grain’ allowing producers and buyers to meet in a transparent manner and build a business relationship.
The RRC – Rolling Hills Ag Day will also feature Jason Danard from The Electronic Auction Market (TEAM) talking about the options now available for marketing your cattle, Kim Davis from ATB speaking on Farm Succession Planning as well as Lawrence Rowley from Leader Tours talking about international agriculture tours.
There will also be a livestock tour in the morning with Dr. Blake Balog from Bow Valley Veterinarian Clinic talking about the upcoming changes to how you access and use veterinarian drugs, particularly anti-biotics. In the afternoon, a crop tour which will include a stop at a potato and carrot farm as well as a look at a field of AAC Viewfield HRSW with Stamps Seeds’ Greg Stamp.
Registration opens at 8:00 a.m. at the hall. The workshops and livestock tour begins at 9 a.m.
The day will be capped off with a beef supper starting at 5:30 at the Community Hall.
Tickets for the complete day are $30.00 per person, which includes the Beef Supper.
Individual tickets for the beef supper are $25.00 and $15.00 for kids 4-12.
For more information and to register click here.
All of the proceeds from the registrations go to the community of Rolling Hills.