Save the Date – 2016 Governor’s Conference on Agricultural Trade

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Information about the Conference can be found at
https://www.signup4.net/Public/ap.aspx?EID=GOVE85E.

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The Management Calendar

Gordon Groover (groover@vt.edu), Extension Economist, Farm Management, Department of Agricultural and Applied Economics, Virginia Tech

Anyone interested in understanding of contact agriculture should reader the current issue of “Choices,” published by the Agricultural and Applied Economics Association and can be found at http://www.choicesmagazine.org/. Continue reading

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Tapping Into Big Data to Improve Agro-Environmental Outcomes

This article can be found in the the current issue of “Choices,” published by the Agricultural and Applied Economics Association.

Private-public data partnerships have the potential to advance agricultural knowledge infrastructures while benefiting farmers, agribusinesses and the environment. These partnerships could collect information that improves on-farm management, food quality, and science-based environmental management. New communication technologies could lower the cost of better data while preserving privacy and confidentiality.

http://www.choicesmagazine.org/choices-magazine/submitted-articles/tapping-into-big-data-to-improve-agro-environmental-outcomes

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Growing Farm Profits Online Courses, offered by the Southern Sustainable Agriculture Working Group

Over the past five years, Southern SAWG and our partners have helped hundreds of diversified vegetable producers improve their profitability with our Growing Farm Profits program. Now the Southern SAWG training team has drilled down a little deeper into some of the recurring issues farmers face as they wrestle with profitability on their farms. This fall we will be addressing three of these issues in a series of one-hour webinars specifically designed for agricultural professionals who help diversified vegetable producers in the South. All webinars will begin at 3:30 p.m. (Eastern) and are free of charge. Here’s the rundown (see http://www.ssawg.org/growing-farm-profits for details):

  • Record Keeping for Profit Management for Vegetable Growers, October 22, 2015, 3:30 pm (ET)
  • Cost-Benefit Analysis for Vegetable Equipment Purchasing Decisions, November 19, 2015, 3:30 pm (ET)
  • Schedule F vs Profitability Accounting for Vegetable Farming, December 17, 2015, 3:30 pm (ET)
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Time to Order your Farm Record Book

Gordon Groover, Extension Economist, Department of Agricultural & Applied Economics, Virginia Tech

Time to order your farm record book. As we enter the last quarter of 2015, it is time to order a new copy of the Virginia Cooperative Extension “Farm Record Book: Expenses and Receipts” (Publication 446-017). This 120-page record book provides an organized way of keeping track of annual financial, labor and personnel, and production-related records.   It provides forms for many categories of expenses, receipts, labor, and financial summaries to meet the needs of most agriculturally-related businesses using cash accounting methods.   Column headings are included for major items with some columns remaining blank for your own headings.  Forms are arranged to facilitate transferring totals to income tax forms (Schedule F, tax deprecation, and Form 4797) and to help complete end-of-the-year analysis. Virginia Cooperative Extension “Farm Record Book: Expenses and Receipts” is available from Virginia Cooperative Extension for $12.00. Call or visit your local extension office to order VCE Publication 446-017. If you want to order 446-017 online (there is an $8.00 shipping charge) visit https://pubs.ext.vt.edu/446/446-017/446-017.html for instructions. If you have questions contact me at (540) 231-5850.

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Virginia Market Maker, Part III: Virginia Market Maker Offers Added Value to Registered Farms and Agribusinesses!

Dr. Kimberly L. Morgan (klmorgan@vt.edu), Assistant Professor, Agricultural and Applied Economics, Virginia Tech

MarketMaker, a web-based portal that serves as a virtual marketplace for producers, distributors, and sellers, and buyers of agricultural products, seeks to provide farm-to-fork access to participants in the food supply chain.

Currently, alternative online lists and portals are offered that contribute to connecting people and businesses involved in the production, distribution, storage and sales of local food, and resources produced by Virginia farms and agribusinesses. This purpose of this article is to highlight the unique characteristics of MarketMaker that offer added value to registered businesses and consumers who seek to use the portal as a marketing strategy to improve overall profitability of their operation. Continue reading

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AAEC Welcomes Travis Mountain as a new Extension Specialist

Travis Mountain started work as an Extension Specialist and Assistant Professor of Financial and Economic Well-being in the AAEC Department in August 2015. He comes to Virginia Tech after completing his Ph.D. in Family Resource Management from The Ohio State University. He completed a M.S. in Consumer Behavior and Family Economics in 2008 and a B.S. degree in Consumer Science with a concentration in Personal Finance in 2004, both degrees from the University of Wisconsin-Madison. Continue reading

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AAEC Welcomes Olga Isengildina-Massa

Olga Isengildina started work in the AAEC Department in August 2015 as an Associate Professor of Agricultural and Applied Economics. She comes to Virginia Tech from the University of Texas at Arlington. Prior to her position in Texas she held both an Assistant and Associate Professor positions at Clemson University (2006 to 2013). She completed her Ph.D. in Agricultural Economics in 2000 with a minor in Finance and received a M.S. in Agricultural Economics in 1996, both from Mississippi State University. She completed a B.A. in English Philology from Tashkent State University in 1993. Since completing her Ph.D., she has conducted research and taught courses in Texas, South Carolina, Illinois, Mississippi, and Georgia. Continue reading

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Selling Directly to Buyers: How to Price Your Products

Dr. Theresa Nartea (tnartea@vsu.edu), Assistant Professor-Marketing & Agribusiness, Virginia State

Dr. Kimberly L. Morgan (klmorgan@vt.edu), Assistant Professor, Agricultural and Applied Economics, Virginia Tech

Did you know farmers who sell unprocessed foods to retail outlets typically receive just 11.6 cents of each dollar that the buyer pays for the item? The remaining amount is allocated to industry groups such as food processors, packaging and transportation, retail trade, food services, energy, finance and insurance and legal services (Fig. 1). These industry groups are important participants in the food supply chain, and allow individual farmers and consumers to focus efficient use of their time and resources on their careers. Continue reading

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Two Virginia regions selected for Stronger Economies Together initiative

Martha Walker (walker53@vt.edu), Community Viability Specialist, Agricultural Law, Department of Agricultural and Applied Economics, Virginia Tech.set

U.S. Department of Agriculture Rural Development and Virginia Cooperative Extension have announced that two Virginia regions were selected for the 2015-16 Stronger Economies Together (SET) initiative. The Eastern Shore, consisting of Accomack and Northampton counties and Tangier Island, and the Mount Rogers Planning District, made up of Bland, Carroll, Grayson, Smyth, Washington, and Wythe counties and the cities of Bristol and Galax, will benefit from a focused initiative to explore regional economic advantages and to formulate economic blueprints for the regions. Continue reading

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