Nuts and Bolts of the Riverland-Kenyon FBM Department
Presented on Date of Your Choice
To Selected Individuals
John Hobert, FBM Instructor
Instructor Personal Commitment.
What the Program Offers.
The Calendar Year.
Instructor Software.
Your Instructor’s Personal Commitment to
his Students:
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Regular contact in regard to the total FBM Program.
Assistance upon request.
Personal Commitment to improve the student’s farming
operation.
Complete confidentiality in the Farm Business Management
Program.
Accounting procedure expectations throughout the calendar
year .
Educational expectations throughout the calendar year.
Instructor’s Personal Commitment
Continued:
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Goal setting and follow-up expectations throughout the
calendar year.
Personal gain from the annual farm analysis to improve farming
position.
What does the Riverland KW-FBM Program
offer students?
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Accounting procedures assistance:
– Farm account book training.
– Computerized farm accounting.
Annual farm records close-out and taxes preparation
assistance:
Annual farm business analysis (FINAN) and follow-up:
Cash flow generation (FINFLO), assistance and follow-up.
Riverland KW-FBM Program Continued:
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Decision making assistance on enterprises being evaluated
within the farming operation.
Farm tax estimation assistance.
Adult computer continuing education training courses.
Marketing discussion and the development of an annual
marketing plan.
Goal setting carried out for short-term, intermediate and longterm goals.
Riverland KW-FBM Program Continued:
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Decision making assistance relative to making changes within
respective enterprises within the farming operation.
Government program information and awareness to pending or
existing programs.
Instruction relative to the tuition based program offered through
Riverland Community College taught through scheduled
classes or on-site instruction.
Riverland KW-FBM Program Continued:
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A “friendship bond” developed with a sincere concern to
improve the individual student’s overall position in farming.
The Typical FBM Instructor Day:
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No two people handle their jobs exactly the same but the same
duties are addressed in meeting the goals and objectives of the
individual FBM department/
– State/Riverland Curriculum
The Typical FBM Instructor Day:
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Each instructor develops his own daily plan, which is known to
the other instructors in the department. This daily plan is
subject to change at any time in this business, however.
– Student cash flow need
– Lender assistance
The Typical FBM Instructor Day:
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Daily scheduling is the responsibility of the individual instructor
with certain protected dates and times.
– Office hours
The Typical FBM Instructor Day:
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The daily work schedule is 8-10 hours or more to accomplish
the objectives of the program. Some periods of the year
demand more hours than others.
– Annual records close-outs
– Annual farm analysis
– Annual tax estimate
The Typical FBM Instructor Week:
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Each instructor develops his own weekly plan, which is
known to the other instructors in the department. The
weekly plan is subject to change at any time in this
business, however.
– Special meetings
– Workshops
The Typical FBM Instructor Week:
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Weekly scheduling is the responsibility of the individual
instructor with certain protected dates and times.
– Office hours
The Typical FBM Instructor Week:
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The weekly work schedule is 40-50 hours or more to
accomplish the objectives of the program. Some periods of the
year demand more hours than others.
– Annual record close-outs
– Annual farm analysis
– Annual tax estimates
The Typical FBM Instructor Month:
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Each instructor develops his own monthly plan, which is known
to the other instructors in the department. The weekly plan is
subject to change at any time in this business, however.
– Special meetings
– Special workshops
The Typical FBM Instructor Month:
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Monthly scheduling is the responsibility of the individual
instructor with certain protected dates and times.
– Office hours
– Staff meetings
– Riverland meetings
– Grain marketing group
– Classes
The Typical FBM Instructor Month:
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The monthly work schedule is 160-200 hours or more to
accomplish the objectives of the program. Some periods of the
year demand more hours than others.
– Annual record close-outs
– Annual farm analysis
– Annual tax estimates
The Typical FBM Instructor Month:
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What does a typical FBM monthly calendar look like?
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Sample FBM Calendar
The Typical FBM Instructor Year:
< January-March>
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Farm Analysis(FINAN) Preparation
Cash Flow(FINFLO) Preparation
Balance Sheet Updating
Record close-out
Tax Preparation Assistance
Depreciation Schedule Preparation
The Typical FBM Instructor Year:
<April-May>
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Farm Visitations: Special Topics
Record Follow-up and Training
Cash Flow(FINFLO) Preparation
Marketing Plan Preparation
Annual FBM Banquet and Farm Year in Review
Advisory Board Meeting
The Typical FBM Instructor Year:
<June-October>
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Farm Visitations: Special Topics
Record Follow-up and Training
Special Needs of Students
Grain Field Plots(Soybeans and Corn)
The Typical FBM Instructor Year:
<November-December>
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Farm Visitations: Special Topics
Record Follow-up and Completion
Tax Estimate Preparation
Advisory Board Meeting
The Typical FBM Instructor Year:
<January-December (Other Tasks)>
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Monthly Riverland FBM Staff Meeting
Riverland Staff Training Meetings
Monthly CF-FBM Grain Marketing Club: 3rd Wednesday: 7:00
a.m. : Stone Mill: Cannon Falls
FBM Classes: Cannon Falls & Kenyon
Selected FBM Improvement Workshops
Monthly Area Milk Marketing Club: 2nd Wednesday: 11:00 a.m.
: Zumbrota Bank
FBM Instructor Software Utilized
Throughout the Year:
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Farm BIZ or Farm Ultra Accounting Software
FINPACK Software
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Balance Sheet
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Budgets
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FINFLO and FINAN
Tax Estimate Template
Fair Rent Software
Marketeer Marketing Plan Software
Micro Soft Business Office Package
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Word
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Excell
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Power Point
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Publisher
Additional Technology Provided Registered
FBM Students:
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Daily Grain & Milk Marketing Updates:
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Weekly Grain Marketing Update on Saturdays:
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Red Wing Cash Corn & Soybean Charts
Red Wing Corn & Soybean Basis Charts
Chicago Class III Milk Updates
Minnesota LDP Graphs
Red Wing High/Low Annual Grain Prices
Grain Marketing Method Comparisons
Grain Pricing Probabilities
Weekly Farm Business Mgt Update Newsletter on Sundays:
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Commentary on Current Subject
Weekly Grain Market Update
Instructor FBM Schedule: 4 Weeks Out
Riverland-Kenyon FBM Dates of Interest
Riverland Community College-Kenyon FBM Student News & Information
Student/Instructor Communication Network:
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Home Office:
– Telephone: (507) 263-4081
– Email: jhobert@frontiernet.net
– Fax: (507) 263-4081
Car/Cell Phone:
– Cell: (507) 259-6263
Riverland-Kenyon Office:
– Telephone: (507) 789-8801
– Fax: (507) 789-8812
– Email: john.hobert@river.cc.mn.us