The 2010 Minnesota FBM Education Task Force explored strategies to increase producer access to educationally sound and fiscally efficient FBM programming. The FBM Task Force recommended program leaders investigate the delivery and business management education preferences of Minnesota producers. The investigators designed, validated, and systematically administered a questionnaire in the fall of 2011 to 544 FBM students using an online or paper and pencil questionnaire.
Corresponding business management education instructional topics, employee training, and delivery and instructional preference findings for alternate types of farms of different annual gross sales revealed a basis for current and future programming. The FBM producers indicated a large need for foundational business management education. Initial educational topics selected by most farmers were estate planning, retirement plans impact upon tax liability, risk management assessment, and establishing goals. Sixty percent of the producers indicated interest in the advanced topic areas relating to business analysis, budgeting, and developing financial statements.
Investigators concluded there is a need in Minnesota for foundational and advanced business management education, and employee education for producers enrolled in the Minnesota Farm Business Management program.