Ag Land Management 3 (ALM3) | Education Week

Starts:  Jul 23, 2020 8:00 AM (CT)
Ends:  Jul 25, 2020 5:00 PM (CT)

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Leasing and Appraisals

  • Definition of leases and the risks associated with each type
  • What is the role of the farm manager when leasing a property for a client?
  • Legal aspects and tax implications of leases
  • Appraisal reports and the three approaches to value

Production and Conservation

  • Important elements of row crop production
  • Cereal grain, orchard and vine production
  • Hay and forage; rangeland and pasture; and seed production
  • Open range and confinement livestock production
  • Woodland and Forestry, aquaculture and organic production
  • Wildlife and hunting land production practices
  • Conservation practices

Risk and Marketing

  • Role of country elevators and terminals in the grain marketing industry
  • Supply and demand
  • Technical and fundamental analysis
  • Futures contract
  • Traders and their impact on CBOT and CME markets
  • How to evaluate market trends using charts, graphs and cyclical patterns

Projects, Locations and Management

  • How to perform a new site inspection
  • Locating a property given any type of legal description
  • Personal property, trade fixtures and real property
  • Risks associated with a property
  • Discuss the five phases of project management
  • Discuss the variety of property risks
  • Record keeping procedures essential for tax reporting
  • Writing a farm plan

Contact Hours: 24 hours

Accreditation: This course is required for the AFM and the AAC