We recognize the financial stress that farmers and ranchers are experiencing due to low commodity prices and high input costs. More than ever, financial management of the operation is critical to long-term sustainability.
The Post Rock District, in collaboration with a state-wide team, is bringing a great learning opportunity to the region! “Farm Financial Skills for Kansas Women in Agriculture” is a 4-part workshop series that will teach principles of record keeping to develop a balance sheet, income statement and a cash flow statement. Participants will work with a case farm to do performance analysis and understand how these statements can help with management decisions. The program will be a combination of broadcasted keynote speakers, local speakers, and facilitators to assist in completing the hands-on activities. The goal is for participants to acquire financial management skills they can apply directly to their farming or ranching operations.
Smith Center will be a host location for the program scheduled to take place in the evenings on January 15, January 22, January 29, and February 5. Registration is due by December 31, 2019. To learn more about this exciting learning experience and to register, visit www.postrock.k-state.edu. Contact Sandra Wick, District Crop Production Agent, with questions at 785-282-6823.
Never miss a beat when it comes to savings. Make it so easy you never have to think about it by setting aside money for savings automatically. Learn how to set up automatic transfers from your checking account to your savings account, or have part of your paycheck automatically deposited into a savings account. Already saving automatically? Find ways to automate other aspects of your financial life in 2019 at https://americasaves.org/.
When choosing a health insurance plan there is much to consider. What benefits do you need? Which health care providers do you prefer to use, and which can you use? What costs are you comfortable paying? Do you have an emergency or “rainy day” fund to cover expenses in case of sickness, job loss, or economic downturn?
Many factors should be considered when deciding which policy best suits your needs. The right plan for you will depend on your health and your financial situation.
Determine which benefits beyond the essential health benefits covered by all policies are most important to you and your family.
Check the drug formulary for your prescription drugs and the list of network pharmacies when looking at your options.
Check to make sure the providers you want to use are in the plan’s provider network.
Weigh the costs of not only the premium, but also the deductible, coinsurance, and copayments for the plans you are considering.
The University of Maryland Extension has some great tools to help consumers be smart about buying and using health insurance. Contact Nora Rhoades at email@example.com or 785-346-2521 to access the resources available from K-State and other extension networks.
Research backs the claims of the physical, emotional, and mental support pets provide for their families. However, along with the many added benefits of having pets there are the financial expenses for caring for your animal. K-State Research and Extension provides the following fact sheet to help you consider and budget for the expenses surrounding pet ownership.
Is your household’s spending, saving, and sharing on track to support your goals and values? It’s time to revisit those guidelines and expectations. K-State Research and Extension has a helpful resource that can assist you as you answer these questions. It is never too late to take a small step toward stronger financial wellness. For additional assistance or to access more resources, contact your local Post Rock District Office.
The lion of winter and the lamb of spring often play hide-and-go-seek throughout the month of March making diverse Kansas weather threats hard to predict. The area’s common weather threats include tornadoes, thunderstorms, blizzards, and floods along with extreme heat, cold, and wind. Other emergencies your family may confront could relate to vehicle trouble, medical concerns, fires, and accidents.
Severe weather and emergencies can strike at any moment and will likely affect every family at some point. The best way to work through difficult situations and circumstances is to be prepared before a concern presents itself. It is recommended that every household and family have an emergency plan that is reviewed and practiced at least 2 times each year. In regards to your plan, here are some things to consider:
What emergencies could affect my family where we live, work, learn, and play?
What special needs (infant, elderly, medical, disability) does my family have?
What are each individual’s responsibilities? How will we work together as a team?
How will we be alerted and warned (tv, wireless alerts, radio) about potential hazards?
Identify a place to meet if separated and the route to get there. How will you shelter-in-place? Where can you shelter away from home?
Identify local and out-of-area ‘In Case of Emergency’ contacts. It is a good idea to clearly identify these contacts in your phone and in a wallet or purse.
Assemble a basic emergency supply kit and place it somewhere that will be easy to access. Try to include enough supplies to last a minimum of 3 days.
Join us for The Key to Farming SUCCESSion Conference on March 20th from 10:00AM-4:00PM. The conference will feature keynote speaker, Roger McEowen! Featured breakout session topics include: Advanced Health Care Planning; Where Do I Start?; Preparing for the What If; Estate Planning 101; New Tax Laws; and Navigating Family Differences. Attendees will leave with new knowledge and strategies to grow their business and secure farm assets for future generations to come.