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AgCarolina Financial now accepting applications for AgBiz Planner
Story Date: 7/10/2012
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Source: AGCAROLINA FINANCIAL, 7/9/12
AgCarolina Financial is now accepting applications for the fourth class of AgBiz Planner, an e-learning financial and business planning course. The course is available to North Carolina farm families and is funded through a grant from the North Carolina Tobacco Trust Fund Commission.
The AgBiz Planner curriculum includes financial and business planning, budgeting, and other money matters essential to a farm’s success. The on-line training will be offered statewide through North Carolina’s three Farm Credit associations, AgCarolina Financial, Carolina Farm Credit, and Cape Fear Farm Credit.
This program is funded by a $51,775 grant from the North Carolina Tobacco Trust Fund Commission. The N.C. General Assembly established the commission in 2000 to help tobacco farmers, farm workers and related businesses impacted by the transition out of tobacco farming. The commission’s funding comes from money paid by cigarette manufacturers as a result of the 1998 Master Settlement Agreement.
Farm Credit’s e-learning program targets young, beginning, small, and minority farmers throughout the state. Participants will be assigned a Farm Credit loan officer to serve as a mentor throughout the course. Highlights of the program include modules that cover business and personal financial planning, understanding income statements, cash flow, and the smart use of credit on the farm. Each participant will have completed a business plan for their operation at the conclusion of the class. Priority will be given to former tobacco farmers and others impacted by the tobacco buyout. The grant provides for training 30 producers.
AgCarolina Financial is accepting applications for the program which will begin in October of 2012 and run through March 2013. Applications, a course outline, and program information are available at www.agcarolina.com. Applications will be accepted through September 1, 2012. Up to 30 individuals, statewide, will be selected to participate in the program. The course will conclude with a group conference in Raleigh in March of 2013.
“This is a unique opportunity for a group of farmers to learn and benefit in ways that will certainly improve their family farm operations,” said William Upchurch, Executive Director of the N.C. Tobacco Trust Fund Commission.
Farm Credit is the state’s largest agricultural lender. AgCarolina Financial (www.agcarolina.com) serves the Triangle and northeastern part of the state. Carolina Farm Credit (www.carolinafarmcredit.com) serves the western half of the state and. Cape Fear Farm Credit (www. capefearfarmcredit.com) serves the southeastern corner of the state.
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