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PASA Eastern Region Master Class - The True Cost of Production

This 90 minute hands-on, interactive seminar will focus on how you know if you’re making a profit, before, during and after your farming adventure begins.
When Apr 14, 2012
from 10:00 AM to 11:30 AM
Where Exton, PA / Chester Co
Contact Name
Contact Phone (610) 458-3956

The True Cost of Production
Saturday, April 14
10am - 11:30am
Chester County Economic Development Council
Exton, Chester County

$10 for PASA members and $15 for non-members. Space is limited. Please register by April 11. Call Ann McGinnis at 610-458-3956 with any questions or to register by phone.

This 90 minute hands-on, interactive seminar will focus on how you know if you’re making a profit, before, during and after your farming adventure begins.  We will focus on actual situations from Ted LeBow’s farming and small business experience.  With nearly 25 years experience in small business and local farms and agriculture Ted brings a unique combination of advisor, owner and business perspective to the table.  As a Partner in Philadelphia CowShare  (www.phillycowshare) and long time farmer and small business owner (he got his first loan from the Production Credit Association to buy steers at age 13, in Idaho) Ted works with numerous local farms and small businesses in Philadelphia area, with a focus on making sure they are profitable.

This seminar is designed for anyone who is thinking about how they will know if they are or will be profitable.  Whether you’re currently farming or thinking about starting, Ted will step you through:

1)      Basics of “running the numbers” including:

a.        How to put together a budget (before you jump in head first)

b.      How to “account” for your business during the year

c.       How to “look back” and make some hard decisions

2)      How to look for “Slop” in your own system—are you leaving money on the table or in the field?

3)      Actual examples of farm situations where farmers started to understand their costs and as a result changed what  they were doing.

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