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 and due to the pandemic, most events scheduled in the near term are virtual.
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.
Dairy Business Innovation Alliance
The Dairy Business Innovation Alliance (DBIA) is offering two more free webinars in January in its Let’s Get Started 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.
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.
Ag Symposium (2021 Ag Symposium was not held due to COVID-19 limitations)
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 (tentatively scheduled for Feburary 2021)
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.
Ag Tax Seminar
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.
What's a Fair Rental Rate? (sessions in Nov. and Dec. 2020, all sessions beginning Nov. 18th are virtual)
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.
Dr. Kohl Newsletters
Dr. David M. Kohl is a Professor at Virginia Tech in Agricultrual Finance and Small Business Management. He has written a series of articles for the Minnesota State FBM education program.
Dialogue with Dr. Dave.pdf113.04 KB
Views and Perspectives from Cyberville.pdf108.84 KB
I Want to Own A Farm Business.pdf105.67 KB
Business Problems You Want to Have.pdf114.76 KB
Visit our partner, the Minnesota State Northern Agricultural Center of Excellence and also known as AgCentric, as they offer additional Farmer Business Management Resources.