FARM MANAGEMENT

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FARM MANAGEMENT
JOHN DEERE 1949 MODEL D

• INTRODUCTION TO MANAGEMENT

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Farm Management Concepts

• Wk 1 Introduction
• Wk 2 Economics Records
• Wk 3 Budgets
• Wk 4 Linear Programming
• Wk 5 Investment Analysis
• Wk 6 Machinery Management
• Wk 7 Land Management
• Wk 8 Credit Management
• Wk 9 Human Resource Management
• Wk 10 Succession Management

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Learning Objectives
Introduction To Management

• After Completing This Lesson, The Student Should
  Be Able To
• 1. Discuss Tech Bus Management
• 2. Discuss Management Activities
• 3. Discuss Organizational Oper Mgt
• 4. Distinguish Between Mgt Decision Making Steps
• 5. Distinguish Between Mgt Functions
• 6. Appropriately Articulate Goals Objectives In
  Their Term Project

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Introduction To Management

• Discussion Points
• I. Kinds Of Management
• Ii. Management Activities
• Iii. Management Responsibility
• Iv. Decision Making Steps
• V. Decision Making Issues
• Vi. Management Functions

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I. Kinds Of Management
Obj
1. Discuss Tech Bus Management
1

• A. Technical Management
• Physical Units ( Bu, )
• Maximum Production
• Will It Work?

• B. Business Management
• Financial Dollars ( )
• Maximum Profits
• Will It Pay?

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Ii. Management Activities
Discuss Management Activities
Obj
2

• A. Technical
• Making Production Choices

B. Legal Complying With Govt Laws
C. Financial Getting Loans
D. Commercial Buying
Selling
E. Accounting Keeping Records
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Task Survey Of Ohio Farmers

• Im P Task
• 2.9 Determine Amt Of Credit
• 2.9 Determine Length Of Loan
• 2.9 File Records Info
• 2.9 Summarized Records
• 2.9 Determine Type Of Farm
• 2.8 Amt Of Supplies To Order
• 2.8 What Supplies To Order
• 2.8 Amt Of Insurance Needed
• 2.8 Kind Of Insurance Needed
• 2.8 Balance Bank Statements
• 2.8 Write Checks
• 2.8 Do It Yourself Or Hire

• 90
• 90
• 90
• 84
• 81
• 96
• 96
• 96
• 96
• 93
• 93
• 93

Activity Fin Fin Acct Acct Tech Comm Comm Fin Fin
Acct Acct Tech
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III. Management Responsibilities
Obj
Discuss Organizational Oper Mgt
3

• Doing
• Operational Responsibilities
• -gt Initial Job

• Thinking
• Organizational Responsibilities
• gt Promotions

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Doer To Manager ThinkerDairy Herd
ManagementMarch 2000
Discuss Organizational Oper Mgt
Obj
3

• Making The Transition From Doer To Manager Is One
  Of The Toughest Things Most Producers Will Ever
  Have To Do.

Steps To Make The Change Go Easier 1. Accept
Change 2. Define Your New Role 3. Develop
Communication Skills 4. Learn To Grow
Employees 5. Develop A Support Network
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New Skills Key For New Farmers Of Tomorrow The
Daily Record, Wooster Oh, 2/29/00
Discuss Organizational Oper Mgt
Obj
3
Purdue Economist, Mike Boehje, Says The Farmer
Of Tomorrow Is More Likely To Push A Pencil Than
Pull A Plow
The New Agriculture Will Require Skill More Like
A General Manager, With Skills In Employees Mgt,
Marketing, And Strategic Planning
The New Agriculture Will Value Knowledge,
Information, Relationship More Than Hard Work
And Assets Such As Land Mach.
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IV. Decision Making Process
Distinguish Between Mgt Decision Making Steps
Obj
4

• A. Problems Recognition
• What Is The Difference Between
• Problem Symptom?
• (Cause Vs Appearance)
• Why Are Some People Better At Recognizing
  Problems?
• (Edu,experience, )
• What Courses At Ati Focus On Problem Recognition?
• (Health Disease)

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Distinguish Between Mgt Decision Making Steps
Obj
4
B. Observation

• What Are The Two Basic Sources Of Information?
• (Internal External)
• What Are The Three Modes Of Communication Used By
  External Sources?
• (Sound, Print, Personal)
• What Are Some Specific Sources In Each Mode?

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Properties Of Needed Information
Distinguish Between Mgt Decision Making Steps
Obj
4

• Accurate
• Complete
• Concise
• Degree Of Certainty
• Relevancy
• Timeliness

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C. Dev Analysis Of Alternatives
Distinguish Between Mgt Decision Making Steps
Obj
4
1. Development Of Alternatives A. Saturation
Becoming Familiar B. Deliberation Mulling
Over Ideas C. Incubation Letting Ideas Grow
D. Illumination Fresh Approach

• E. Accommodation Clarifying Ideas
• F. Refine Taking Off Rough Edges

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Distinguish Between Mgt Decision Making Steps
Obj
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2. Analysis Of Alternatives
A. Do Alternatives Contribute To Attainment Of
Goals? B. Weigh Pro Cons
C. What Are The Odds Of Each Pro Con Occurring?

• D. Test A Choice
• 1. Ask What If
• 2. Pilot Projects
• 3. Ask Others

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Distinguish Between Mgt Decision Making Steps
Obj
4
D. Decision Making

• - Pick An Alternative
• E. Implementation
• - Do It !!! gt Take Action
• F. Follow Up
• - Did The
• Solution
• Work?

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V. Decision Making Issues
Distinguish Between Mgt Decision Making Steps
Obj
4

• Imminence
• Importance
• Alternatives
• Frequency
• Revocability

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Obj
Distinguish Between Mgt Functions
5
A. Planning
Selection Of Goals Objectives Methods To
Achieve Them
Objectives 1. Long Run 2. Ultimate Aim 3.
General Direction 4. Over All Result
Goals 1. Specific 2. Measurable 3. Time
Related 4. Short Term
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Not The Usual Way.
Obj
Distinguish Between Mgt Functions
5
He Spends Too Much Planning, And Not Enough Time
Planting.
Jonny Hawkins. Hoards Dairyman. May 10,2001. Pg.
348
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Goals Are
Obj
Distinguish Between Mgt Functions
5

• S
• M
• A
• R
• T

Specific
Measurable
Attainable
Rewarding
Timed
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What IsYour MainGoal In Life?
Obj
Distinguish Between Mgt Functions
5
Chris BrowneWooster Daily Record January 12, 2002
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Goal Planning
Distinguish Between Mgt Functions
Obj
5

• 1. Why Plan?
• A. Planning Breeds Success
• B. Helps You Think Ahead About Results
• C. Work Smarter, Not Harder
• D. Provides Guides Identifies Priorities
• 2. Reasons Planning Is Neglected
• A. It Is Demanding Takes Time
• B. Forces People To Deal With Future
• C. Conflicting Goals Create Tension
• D. Tunnel Vision Precludes Choices

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2. Organizing
Obj
Distinguish Between Mgt Functions
5
Gathering And Arranging Resources To Reach The
Objectives

• Buying Or Renting Ld

Land
Labor
Hiring Or Training
Borr , Buy Equip
Capital
Allocating Jobs
Management
Services
Consultants
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Getting People To Carry Out Their Tasks
Obj
Distinguish Between Mgt Functions
5
C. Directing
Outlining Jobs

• Steps

Motivating
Telling Why
Showing How

• Instructing

Initiating
Getting Started
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Getting Keeping A Balance Among Activities
People To Effectively Reach Objectives
Obj
Distinguish Between Mgt Functions
5
D. Coordinating

• Balancing

• Crop Vs Livestock

Bottle Necks
Crop Drying
Working Together
Harmony
Smoothness
Keep Things Rolling
Efficiently
Keeping Out Of Way
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Process Of Seeing That Activities Results
Conform To The Plan Taking Corrective Action.
Obj
Distinguish Between Mgt Functions
5
E. Controlling

• Feedback

• Planter Monitor

Evaluation
Employee Evaluation
Measuring
Check Field Loss
Correcting
Adjusting Combine
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Summary
Introduction To Management

• A. 2 Types Of Management Tech Bus
• B. 2 Management Responsibilities
• Operational Organizational
• C. 5 Management Activities
• Tech, Legal, Acct, Financial, Com
• D. 6 Decision Making Steps
• Prob Recog, Gather Info, Analysis Of
  Solutions, Decision, Action, Follow Up
• E. 5 Management Functions
• Planning, Organizing, Directing,
• Coordinating, Controlling

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Self Test
Introduction To Management

• T

1. Planning Determines Goals
2. Improving Yields Is An Objective
T
3. Pros Cons Is Follow Up
F
Dev Alt
F
4. Objectives Are Short Run
Goals
5. Coordinating Corrective Chg
F
Control
6. Goals Are Measureable
T
T
7. Directing Deals With People
F
Point To
8. Symptoms Cause Problems
9. Directing Stops Bottlenecks
F
Coord
T
10. Goals Objs Look Ahead
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Associated Lab Activities
Introduction To Management

• Video 1
• Goal Planning

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Hands On Application
Introduction To Management

• You Are To Include Goals Objectives For
  Yourself And Your Business Associate As Part Of
  Your Term Project.

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Evaluation
Introduction To Management

• Your Understanding Of These Concepts Will Be
  Evaluated Via A Quiz On The First Friday Of The
  Quarter And On The Midterm To Be Given On The
  Fifth Friday Of The Quarter.

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NEXT TOPIC
INTRODUCTION TO MANAGEMENT
CASE 1918 10-28

• ECONOMICS