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Local entrepreneur gets a boost from Small Business Development Center

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On an average day, Trina Worrell Benjamin handles invoices, returns calls and emails, directs a team of nearly a dozen employees and manages a client roster that has included big names like Rite Aid and Toys“R”Us. She admits her first steps into entrepreneurship were not easy. But with the help of…

Local entrepreneur gets a boost from Small Business Development Center

  • SBDC: Temple University SBDC
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AgBiz Masters Program for Young and Beginning Farmers Now Open

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Registration has now begun for the next AgBiz Masters class that will be held November 2015 through March 2016.  AgBiz Masters is a hands-on educational program for farmers to help them address questions and challenges they have about managing their agricultural business.

Participants complete online modules, along with face-to-face regional seminars. The program is targeted at young and beginning farmers in Pennsylvania, Maryland, Delaware, Virginia and West Virginia interested in honing their business and financial management skills. AgBiz Masters is a two-year series where participants enroll in one year of the program at a time.

Topics covered in year one include:

  • Megatrends of Agriculture
  • Strategic Business Planning
  • Preparing for Your Lender
  • Constructing a Balance Sheet
  • Constructing an Income Statement and Cash Flow Projection

Topics covered in year two include:

  • Understanding Lending Decisions
  • Farm Business Management Factors and Benchmarks
  • Growth and Transition Management
  • Personal Financial Management\
  • Communications, Ethics and Leadership

The online modules take approximately one hour each to complete and include online discussion forums, exams and assignments to relate the topics to individual farming situations. Since modules, forums, exams and assignments are available online, participants can access the materials via the web at their convenience.

A regional kick-off meeting and two face-to-face workshops are held to supplement the online learning and allow discussions and feedback among participants and facilitators. These meetings are facilitated by industry experts and provide additional learning opportunities among peers. Workshops are held in 13-15 locations across Pennsylvania, Maryland and other states. Regional farm tours held across the AgBiz Masters area expose participants to different facets of agriculture.

In addition, participation in AgBiz Masters earns participants up to eight (8) SmartStart credits each year from AgChoice Farm Credit and may qualify individuals for a reduced interest rate on a new AgChoice loan! Learn more about SmartStart at www.agchoice.com/farms/smartstart.

The registration fee for one year of AgBiz Masters is $225 and must be received prior to the October 31 deadline. Please note that the $225 fee covers one or two people per registration per year. Some may be eligible for additional scholarship reimbursements to help cover the registration cost. For more information on scholarships, please visit www.AgBizMasters.com.


Photo Cred: Flickr//Tom Gill