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Farm Business Management

Mitchell Technical Institute’s Farm Business Management program is unique because it is individualized. Most instruction is conducted one-on-one with the instructor and the farm operator participating at the farm site. The participants keep records of their own business, which are later analyzed and utilized to develop a comprehensive farm business plan. Participants receive cost comparison figures from across the state, which helps in determining factors that can improve profitability. The MTI Farm Business Management Program has two instructors who serve within a 70-mile radius of Mitchell.

All records are kept confidential. Only during individualized instruction are business records discussed, unless otherwise volunteered.

Benefits to the participants of the program include: complete records of past years to review when making management decisions; records needed for filing yearly tax reports; development of a record management system for use with bankers and lending agencies; an increased knowledge of the strengths and weaknesses of the business; the ability to determine the business’s exact financial progress in any one year; an ability to project profitability of individual enterprises; and development of a working understanding of cash flow, net worth, and profit and loss statements.

The MTI Farm Business Management Program is also a certified provider of the FSA Farmer Borrower Training program.

To enroll in this program, contact the Farm Business Management instructors at 995-3098 or (800) 952-0042.


Award: Certificate

Course Descriptions

First Semester
Semester Credits
FBM 111 Fundamentals of Farm Business Management
4
Second Semester
Semester Credits
FBM 121 Farm/Ranch Data Management
4
Third Semester
Semester Credits
FBM 131 Implementing the System Management Data
4
Fourth Semester
Semester Credits
FBM 141 Preparation for Farm Business Data Analysis
4
Fifth Semester
Semester Credits
FBM 151 Interpreting and Using System Data
4
Sixth Semester
Semester Credits
FBM 161 Managing & Modifying Farm System Data
4
Seventh Semester
Semester Credits
FBM 171 Interpreting Trends in Business Planning
4
Eighth Semester
Semester Credits
FBM 181 Interpreting & Evaluating Financial Data
4
Ninth Semester
Semester Credits
FBM 191 Integrating Information for Financial Planning
4
Tenth Semester
Semester Credits
FBM 201 Strategies in Farm System Data Management
4
Eleventh Semester
Semester Credits
FBM 211 Refining Farm System Management
4
Twelfth Semester
Semester Credits
FBM 221 Examination of the Context System Management
4
 
Electives
Semester Credits
FBM 231 Analysis Preparation & Interpretation I
2
FBM 232 Analysis Preparation & Interpretation II
2
FBM 233 Analysis Preparation & Interpretation III
2
FBM 234 Analysis Preparation & Interpretation IV
2
FBM 241 Business Tax Planning
2
FBM 251 Estate Planning
2
FBM 261 Risk Management Through Marketing I
2
FBM 262 Risk Management Through Marketing II
2
FBM 263 Risk Management Through Marketing III
2
FBM 264 Risk Management Through Marketing IV
2
FBM 271 Computer Applications in Business
2
FBM 281 Financial Fundamentals
2
 
FBM: Refers to all courses offered through the Farm Business Management Program. For a course description contact a Farm Business Management instructor.
Electives: Courses which can be taken in addition to other courses or as an individual offering.
 

  Mitchell Technical Institute
821 N Capital Street
Mitchell, SD 57301
1-800-MTI-1969
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