On January 22nd and 29th, Mike Farmer and Marie Guay spent a total of 8 hours working with Advanced Dairy Management students at Miner Institute in Chazy, NY. Mike is a vice president in Yankee's St. Albans office and Marie is a senior loan officer in the Chazy office.
This program is part of the training for the Northeast Dairy Challenge. The program reviews a farm business consultant's role in working with a farm family dealing with estate planning, management issues and long term planning. Mike and Marie used material developed just for this class that evaluates 3 years of financial information, some production information, and family background. Issues discussed included retirement planning, budgeting, break even analysis and gross margin analysis. Good farm records are stressed.
This is the fourth year that Mike and Marie have participated in this program. See this older post for last year's program.
