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B.A.M. Young Ag Leader Program
David MarrisonAssistant Professor & Extension EducatorAshtabula County, [email protected]
B.A.M
Why, Buckeye Ag Manager?
• Age of the Ashtabula County (and Ohio) farm operators is steadily increasing.
• Need was identified by local farm visits and committee meetings.
• The senior generation states, “I know I need to turn over more control but I am really unsure if the junior generation is ready for it. I am afraid they will crash and burn.”
• The gripes of the younger generation.B.A.M
My 37 Year Old Farm Problem
Why, Buckeye Ag Manager?
• Ohio had the very successful Management Excel Courses through the late 90’s
• BAM is patterned after Excel with an emphasis on the planning & controlling functions.
Goals of B.A.M.
• Prepare the junior generation to lead & manage the farm or agribusiness.
• Help the junior generation understand their personality/strengths/weaknesses better.
• Help the junior generation analyze their operation’s financial position to make sure enough profit exists for future decades.
• Teach how to constructively analyze a farm operation. (all facets)
• Provide the tools with which participants can begin a transition plan.
Workshop Outline
Session #1: Assessing the Next Generation• Personality Assessment
– Personal skill inventories– Personality testing
• Functions of Management Primer– 5 functions of management– Developing a mission statement– Developing goals
Workshop Outline
Session #2- Financial Management• Basics Financial Statements
– Balance Sheets, Cash Flow• Financial Ratios (Farm Financial Scorecard)• Schedule F Basics• Developing Budgets• Calculating Cost of Production• Farm Accounting Systems
– Farm Account Books– (TABS)– Quicken– Finpack
Workshop Outline
Session #3- Assessing the Operation• Controlling the Future
-benchmarking their operation
-conducting SWOT analysis• Intergenerational/Family Communication• Making Two-Generation Farm Families Work• Planning for the future
– Developing a Business Plan– Transition Planning– Retirement Planning
Details about workshop
• Three all day sessions with 18 hours of instructional time in winter of 2006 (over three months).
• Designed for 15-20 students per workshop. • Mix of lecture, computer exercises, small
and large group discussion, and homework. • Lunch provided (biggest unplanned benefit).• Goal is to offer class on bi-annual basis.
Personality Tests
• Myers-Briggs http://www.personalitypathways.com/type_inventory.html– Introvert vs Extrovert– Sensor vs Intuitive– Feeling or Thinker– Judger or Perceiver
• Colors Assessmenthttp://www.mytruecolors.com/– Gold– Blue– Orange– Green
Family Stress & Communications
“The underlying success of a business agreement depends on healthy family relationships. Probably more two-generation family business arrangements fail because of poor family relations than any other reason.”
Workshop Impacts
• Members of the BAM class have met 4 times for follow-up group discussions.
• Offering Annie’s Project in 2008.• 50% of the senior generation of the class
members attend the Transition Planning Workshop in 2007.
• 100% completed mission statements for their operations.
• 100% indicated they would encourage their parents to begin to have family business meetings.
Workshop Impacts
• 100% of the attendees indicated they better understood:– their personality style,– the functions of management,– balance sheets,– how to develop a transition plan, – and feel more confident in managing
problems on their farm and have more confidence in their management abilities.
Workshop Impacts
• 86% of the attendees indicated they:– feel more prepared to take over the farm,– feel more confident in managing problems,
and – feel more confident in calculating their costs
of productions.
Workshop Impacts
Participants rated their top business management needs as:- developing goals and tactics (4.0)- managing job related stress (4.0)- completing self assessments (3.9) - delegating responsibilities (3.9)- effective communication skills (3.9)- estate planning basics (3.9)
Course Revamped for Future
• Session 1- Personal Evaluation & Functions of Management
• Session 2- Financial Analysis• Session 3- Assessing Your Operation• Session 4- Transition & Estate Planning• Session 5- Retirement & Investment
Planning• Session 6- Family Communication
B.A.M.
Questions?
For More Information
David Marrison
OSU Extension-Ashtabula County
39 Wall Street
Jefferson, Ohio 44047
440-576-9008
B.A.M.
