The one day workshop, to be held on Wednesday, July 15, will work towards provides practical skills for understanding financial statements and banking requirements, and explores topics such as taxation versus management accounting, essential business management ratios and understanding key components of a business' financial profile.

The initiative is being offered free of charge to farmers in the Wimmera and Mallee regions by food and agribusiness banking specialist Rabobank's RaboClientCouncil.

North West Victoria regional RaboClientCouncil chair Claire Catford said it was exciting to be able to launch the face-to-face workshops again, with the "round table discussion format" allowing farmers to learn from each other.

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"We often learn a lot from people in similar situations and the workshop is designed so participants can learn from each other as well as ask questions of the facilitator and banking staff on the ground," she said.

"For me, it was a good opportunity to further expand my financial literacy in terms of business performance, the key components of accounting and calculating diagnostic ratios. It proved to be a catalyst to review our business by running through the ratios and ensure we are thinking strategically about our business."

Director of Hudson Facilitation Tony Hudson will present the workshop, along with a number of agribusiness banking professionals.

This workshop is free for farmers in the Mallee and Wimmera region and will be held on Wednesdasy, July 15 in Horsham.

To register visit rabobank.com.au or contact Rabobank Horsham on 03 5362 6400.

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