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Wanted - 36 Women In Dairy Who Want Better Financial Skills

WestVic Dairy is on the hunt for 36 women dairy farmers to participate in a free pilot program aimed at sharpening their financial skills. The program includes funded child care, and will be run by a female dairy farmer who is also an accountant.

WestVic Dairy chair Roma Britnell encouraged women in dairy to get a group of neighbours together and sign up.

“This is a fantastic opportunity for women dairy farmers to really build their business skills,” Ms Britnell said.

“Learning to develop financial business plans means learning to grow wealth and manage risk.

“WestVic is proud to be able to offer these workshops, which we think are an excellent return on investment from the dairy services levy. Get in quick — first in, best dressed!”

The project will begin with three groups of 12 women across Western Victoria, and will be offered over five sessions. Three sessions are workshops, and two are focus groups. The sessions will run throughout May and June 2010.

The initial workshop will look at what the participants are currently doing with their farm record keeping, reporting and their aspirations for this part of their business. They will create a description of what the ultimate reported business might look like, and how they can achieve this by using valuable financial planning skills like building a balance sheet.

The following workshops will focus on different types of profit, and how to use this new knowledge to make business decisions. Participants will learn how to develop a profit and loss account and Key Performance Indicators find out how to link these to everyday activities on the farm and the business’ profit. Finally, they will learn how to implement these skills within the farm management team.

Expressions of interest can be given to Jocelyn Bevin at WestVic Dairy on .

WestVic Dairy is a Regional Development Program (RDP) funded by Dairy Australia and the dairy service levy. Together, WestVic Dairy and Dairy Australia deliver practical and regionally relevant programs to help farmers improve their businesses.

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