Events and Resources
Listed below are a number of events and resources that would be of general interest to people in the Farm Business Management program. The events come from a variety of resources.
Weather Risk in Production Agriculture Webcast by Eric Snodgrass (November 21, 2022, 12PM)
In this talk, we will discuss how weather patterns (i.e., El Nino/La Nina, Polar Vortex, MJO, etc) influence the a growing season. We will talk about weather factors in other major production regions like Brazil and look at long term trends impacting total productivity around the world. We will learn about advancements tech that are leading to increased predictive skill but we will highlight the known limits of predictability and how to interpret long-range forecasts. We will finish with a forecast for the remainder of 2022 and talk about the upcoming growing season in South America. Please contact your FBM instructor for more details on this event. Mr. Snodgrass Webinar Flyer.pdf1.53 MB
Roller Coaster Economics and the Management Mindset by Dr. Kohls (December 19, 2022, 12PM)
The economic environment is surrounded by uncertainty which creates risk but also rewards and opportunities for those with the management mindset. Join Dr. Kohl for another engaging webcast during which he will discuss variables that will impact your bottom line and balance sheet, as well as short and long-run decision making. Please contact your FBM instructor for more details on this event. Dr. Kohls Webinar Flyer1.47 MB
Multi-Generational Farm Transition Retreat (February 24, 2023, 5PM to 8:30PM and February 25, 2023, 8:30AM - 4:30PM in Mankato OR March 10, 2023, 5PM to 8:30PM and March 11, 2023, 8:30AM - 4:30PM in St. Cloud)
Join us for hands-on planning and discussion on farm transition for the whole farm family. All generations actively involved in the farm should attend the retreat together, including spouses, partners and/or other relevant parties. Pick the location most convenient for you (Mankato or St. Cloud). Attend to dive deeper into conversations about: family and business goals, job responsibilities, financial needs of farms and families, inheritance considerations, and mechanisms of transfer. Registration for this no-cost event will be available later this year at z.umn.edu/farmtransition. 2023 Farm Transition Flyer.pdf1.9 MB.
2022 Soil Health School (August 16 and 17, 2022 in Havanna, ND)
Join us for a hands on soil health school. Learn about cover crops in a corn soybean rotation, C:N ratios, fertility, crop diversity, livestock integration and how to read and use the Haney Test. Please visit https://mnsoilhealth.org/event/soil-health-school-2/ for more details.
U of M Extension Corn Silage Pricing Webinar
In late August 2021, a one hour webinar was held on strategies for the buyer and seller to negoitate a fair price for corn silage.
- Here is a direct link for the webinar - https://mediaspace.umn.edu/media/t/1_y4iwusrg
The Dairy Business Innovation Alliance (DBIA) is offering free webinars in its Let's Keep Your Business Going series for value for value-added dairy entrepreneurs (or prospective entrepreneurs). DBIA is funded by USDA and provides technical assistance and grants to help dairy farmers and processors in Illinois, Iowa, Minnesota, South Dakota and Wisconsin improve their profitability.
Supporting Farm Youth (these are recordings of the sessions previously held)
A struggling farm economy and other concurrent production, social, and cultural challenges, including COVID, have been difficult and even destructive for farm families. And they don’t just affect the well-being of farm and ranch owners – they impact family members as well. Children and adolescents may be living in tense situations, feeling isolated, and with little ability to make sense of what is going on around them. Caring adults in the community can make a big difference.
Farm Business Management instructors at Minnesota West Community and Technical College are putting together bi-weekly podcasts about topics of interests to farmers.
In this series of four interactive 45-minute sessions, you’ll develop insights and skills to help you recognize, understand and support farm youth experiencing stress. These online sessions are an adaptation of a three-hour workshop we offered at several Minnesota locations in 2019. Whether the content is new to you or you simply want a refresher, we hope you’ll participate and will share the opportunity with friends and colleagues.
- Day 1 - Factors and Expression: Stress in Farm Youth
- Day 2 - Impact of Farm Stress and Trauma on Adolescent Development
- Day 3 - Building Intentional Relationships with Farm Youth
- Day 4 - Building Community Initiatives to Support Farm Youth (start about 2 minutes in; there was an audio hiccup at beginning)
Ag Symposium (2022 Ag Symposium was held on March 1, 2022, but due to COVID-19 limitations, it was a students only event)
South Central College, the most respected name in Agricultural education in southern Minnesota, is embarking on a program to address the needs of the modern ag producer. Taking their cues from other top-flight national conferences, SCC will be hosting its annual Agricultural Symposium.
Rural Legislative Forum (December 1, 2022, Mayo Clinic Health System Event Center in Mankato)
More than three-dozen years ago, the Rural Forum was started by the Minnesota AgriWomen’s Association and the University of Minnesota Extension. Since its inception, it has changed hands but one thing that has not changed is the overarching goal to gather the community in important conversations about our rural economy and about agriculture. A crucial element is to have those discussions with key elected officials, along with industry speakers that can really help pull the picture together.
Minnesota Agricultural Water Quality Certification Program Scholarship
The Minnesota Agricultural Water Quality Certification Program (MAWQCP) Farm Business Management Scholarship provides scholarships to water quality certified producers to learn business management strategies that will lead to profitable and competitive farming operations. The scholarship form is found here.
A study shows that farmers enrolled in MAWQCP had higher profits than non-cerified farms. Specifically, the 64 MAWQCP farms in the study saw 2020 profits that were an average of $40,000 or 18% higher (median of $11,000) than non-certified farms. The 2019 data showed an average of $19,000 or 20% (median of $7,000) in higher profits for certified producers. Other key financial metrics are also better for those enrolled in the MAWQCP, such as debt-to-asset ratios and operating expense ratios. These two years of data serve as an early indicator of a positive return on investment for the whole-farm conservation management farmers implement in order to become certified.
Cover Crop Scholarship Program
Are you a MN farmer growing cover crops? You can receive a $100-$150/credit scholarship to participate in Minnesota Farm Business Management.
The Agricultural Tax Issues Course targets income tax professionals who work with farmers. The course also is relevant to agricultural professionals such as agricultural lenders and farm management instructors.
Farm Transfer and Estate Planning
The University of Minnesota Extension is offering various farm transfer and estate planning webinar series. The MN Agricultural Centers of Excellence have also teamed up with with the U of M to produce a farm transition newsletter and they are found below.
- Farm Transition Newsletters
- Transfer and Estate Planning
- Agriculture Business (includes Winter 2021 sessions on Farm and Land Transition)
Dr. Kohl Newsletters
Dr. David M. Kohl is a Professor at Virginia Tech in Agricultural Finance and Small Business Management. He has written a series of articles for the Minnesota State FBM education program.
- Lessons Learned in Business.pdf213.21 KB
- Tough Talk about Transition.pdf230.54 KB, Assessment 170.87 KB
- Making Small and Midsize Farms Work.pdf232.2 KB
- Increasing the Odds of Business Success.pdf250.25 KB
- Economic Megatrends - 2022_and_Beyond 244.58 KB
- Dialogue with Dr. Dave.pdf 113.04 KB
- Views and Perspectives from Cyberville.pdf108.84 KB
- I Want to Own A Farm Business.pdf 105.67 KB
- Business Problems You Want to Have.pdf 114.76 KB
Visit our partner, the Minnesota State Northern Agricultural Center of Excellence and also known as AgCentric, as they offer additional Farm Business Management Resources.