Making Cents of Financial Management Software: Point-of-Sale (POS) Data

Date:

Thursday, January 6, 2022

Time: 

6:00pm – 7:30pm

Location:

Virtual Online Session  

Cost:

Free

Related Program(s):

Join in to learn from top farm financial consultants and farmers on using POS (Point-of-Sale) data for financial management, to inform market practices, and make business decisions.  Grocery stores have used scanner data to inform marketing techniques for decades. Farmer-friendly point of sale software, such as Square, now gives farmers market vendors similar potential to track their sales. Learn how Cornell researchers used this technology in conjunction with eight NY-based vegetable production farms. Hear from farmers about how they use POS data to manage financial risks.  Leave this session with specific takeaways and tips for your own production and sales methods.

Presenters:

Matt LeRoux, Extension Associate, Cornell University.  Matt has 20 years’ experience serving farms through Cornell Cooperative Extension, non-profits, and consulting. Specializing in market strategy, Matt works with a diverse mix of produce and livestock farmers and food businesses. Career highlights include developing the Marketing Channel Assessment Tool for produce growers and the Cornell Meat Price & Yield Calculator.

Becca Rimmel is owner of Bottomland Farm in Berkshire, NY, a diversified livestock farm raising broiler chickens, egg-laying hens, pigs, ducks, geese, rabbits, turkeys, and sheep for wool.  They also manage a new orchard growing chestnut, hazelnut, apple and peach trees.  The farm sells meat at four area farmers’ markets.  Becca is also the former manager of the Ithaca Farmers Market and supported Cornell Cooperative Extension’s POS research with participating farmers.

Pete Lowy is the Farm Manager of Codman Community Farms in Lincoln, MA, a diversified pasture-based livestock and produce farm managing town and conservation land.  The farm operates a year-round self-serve honor store and farm stand and uses Toast to manage inventory and self-check out services.  Learn how they track inventory, data, and manage their systems to make business decisions.