This Year’s Webinar Offerings, continued:

Farm Accounting Issues & Examples
--presented by Dr. Paul Gorman, North Mankato, MN (Jan 29 & Feb 12, 2010, 7:30 AM CST)

Transactions to be covered in this course:

• Machinery and equipment trades and loans
• Building purchase with many different vendors/subcontractors
• Loan refinancing and restructure
• Hedge transactions and account reconciliation
• Speculative treatment of long futures and options
• Adding missing assets and loans to accounting
• Inventory adjustment and tracking
• CCC loans received  as sales
• CCC loans received as loans
• CCC repayment with elevator checks to FSA & net to farmer

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Contracts for Farmers: An Overview of Contract Law
--presented by Tom Weygandt (Finishes up May 3, 2010, 5:30 PM CDT)

Roy sold Brad 600 tons of corn silage for $24,000 and has agreed to accept payment over 6 months. For his third payment, Brad endorsed the back of a check he had received for sale of some cows and gave it to Roy so "he wouldn't need to deal with it in the computer". Now one week later, Roy's bank has called to tell him that the check has bounced and the four checks Roy has written have been returned due to non-sufficient funds. What should Roy do?

Contracts are used daily by farmers and individuals, but do they understand what they're entering into? Attorney Tom Weygandt will take you through contracts from formulation to performance or breach.

LISTEN TO WEBINAR RECORDINGS