Farm Credit West began a Young Farmer Institute in March 2000. The institute is an educational opportunity for young agribusiness people, allowing for greater insight into contemporary management topics and networking with peers. The "Class of 2006" is the seventh class in the program. The Institute is held on the Central Coast of California. Professors from the Agribusiness Department at Cal Poly State University, San Luis Obispo, as well as Farm Credit West staff and local agribusiness professionals present topics and lead discussions. The institute, a 2-year program, is designed for young farmers, ranchers, dairymen, and agribusiness men/women that are:

• In a position of ever increasing responsibilities in existing and viable operations.
• In a position to someday have a vested interest therein and/or currently hold positions in management.
• Individuals that have obtained a college education, or in the absence of such, have demonstrated management ability/potential and understand operational business needs.
• Individuals who possess basic computer literacy and use of spreadsheet and financial software.
• Individuals who are willing and able to commit to a two-year program (up to one week per year) and if married, support spousal participation in the institute.

Sample agenda topics include:

• The World of Agribusiness: How the external environment of globalization and domestic policy are impacting U.S. Agriculture
• Development of Mission: Vision and goals for your family farm/ranch operation
• Financial Information and Analysis: From the perspective of the banker
• Succession/Estate Planning: Transitioning the business to the next generation
• Management Tools for Improving Profitability: Enterprise accounting, lease vs. buy decisions
• Information Systems and Technology: The 21st Century Agribusiness Manager
• SWOT Analysis: Strengths, Weaknesses, Opportunities, Threats
• Panel Discussions: Topics for young farmers
• Special Tour — an event that allows for social interaction among participants, instructors and Farm Credit West personnel.
  

For additional information on the Institute you may contact any local Farm Credit West branch manager, use the info@farmcreditwest.com address or contact Bill Noland at (William.Noland@farmcreditwest.com)

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