Advancing Women in Agriculture: The Importance of Financial Literacy

To some, “accepting risk” is an excuse to not fully understand personal finance, and it’s no wonder, with an abundance of numbers, statistics and graphs, economics can seem daunting to some or overly dull to others. And for women, as Gwen Paddock, national manager of agriculture and agribusiness for RBC Royal Bank, points out, the challenge may partly be in the transition from traditional roles (where managing money wasn’t really expected), to the diversity of opportunities available today.

In this interview, filmed at the Advancing Women in Agriculture Conference, RealAgriculture’s Lyndsey Smith talks to Paddock about financial literacy: what it means, why it’s especially important for women and how anyone can start creating a financial plan.