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Session One: Foundations for Growth
Welcome to the first session of the GROW Your Knowledge to GROW Your Farm series. In this session, you'll be introduced to the foundational elements that support a successful agricultural operation.
What’s Included:
- Farm Credit of the Virginias & Knowledge Center Overview
Learn about the mission, resources, and support available through Farm Credit and the Knowledge Center. - Balance Sheets & Business Plan Workbook
Gain practical tools to assess your financial position and begin building a business plan tailored to your farm’s goals.
This session is designed to help you establish a strong starting point for your agricultural journey. Feel free to watch at your own pace and revisit the materials as needed.
Farm Credit 101
- Joey Cornwell, Regional Sales Manager, Farm Credit of the Virginias
- Farm Credit History
- Farm Credit Overview
- AgFirst and Farm Credit of the Virginias (FCV)
- Eligibility, Loan Terms, Credit Reports and Collateral
- How to Prepare for a Loan Application
Knowledge Center Overview
- The Farm Credit Knowledge Center
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Balance Sheets & Business Plan Workbook
- Filling Out a Balance Sheet
Completing a balance sheet can feel overwhelming, especially if you're unfamiliar with financial documentation, but this guide and article are designed to make the process clear and approachable. The Filling Out a Balance Sheet resource and article provide a step-by-step breakdown of how to accurately record your financial position using real-time values.
The resource guide and article will walk you through:
- Assets: Understanding and categorizing your current, intermediate, and long-term assets.
- Liabilities: Identifying your current, intermediate, and long-term debts.
- Net Worth Calculation: Using your total assets and liabilities to determine your financial standing.
- Additional Considerations: Including co-signed liabilities, documentation tips, and common oversights.
Whether you're preparing for a loan application, organizing your personal finances or managing a farm or business, these resources help ensure your balance sheet is complete, accurate and useful. It’s a practical tool for anyone looking to gain a clearer picture of their financial health.
Read Filling Out a Balance Sheet Article
- Developing a Business Plan Workbook
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Additional Resources
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IMPORTANT NOTICE AND DISCLAIMER
These materials are provided for educational and informational purposes only and do not constitute legal, financial, tax, or investment advice on any matter. We do not warrant that the materials provided are current and up-to-date with applicable laws and practices. You should not act or refrain from acting based on these materials or the information they contain without seeking legal advice from an attorney licensed in your jurisdiction or other appropriate professional. To the fullest extent provided by law, Farm Credit of the Virginias, ACA will not be liable for any loss or damage caused by your reliance on these materials or any information contained in these materials. Your use of the materials is at your own risk, and by accessing the materials, you hereby waive and hold harmless Farm Credit of the Virginias from any claims resulting therefrom.
Copyright© 2025 by Farm Credit of the Virginias ACA. All Rights Reserved. No portion of these materials may be copied, modified, distributed, transmitted, or publicly displayed without prior written permission of Farm Credit of the Virginias, ACA.