Nebraska State FFA Farm Business Management
Contest Overview:
The Nebraska State FFA Farm Business Management CDE Contest Exam will test the level of knowledge and proficiency by each contestant in understanding as well as applying the various economic principles and business management analysis concepts involved in the operation and management of a farm or ranch operation. The contest exam will test a contestant’s proficiency in the following areas of farm business management:
- Diminishing returns at the input and output basis
- Production cost curve analysis
- Farm financial statements (Balance Sheet, Income Statement, and Cash Flow Budget)
- Loan repayment scheduling
- Financial ratio analysis
- Farm enterprise budgeting
- Crop and livestock enterprise and breakeven analysis
- Farm depreciation schedules
- Risk management marketing strategies
- Farm business organization structures for partnerships and corporations
- Farm and ranch leasing arrangements
- Farm and ranch record analysis
- Farm production efficiency and breakeven analysis
Contest Schedule:
Date: Wednesday, March 28, 2012
Report Times:
Section Ι: Districts 7-12 compete from 5-7 PM
Section ΙΙ: Districts 1-6 compete from 7-9 PM
Report Location: Plant Science 199
Contest Location: Plant Science 199
Contest Length: 2 hours
Contest Eligibility:
This is not a district qualifying contest. However, if the student has won the contest the year before, he or she will not be allowed to compete.
Required Supplies by Contestants:
• Personal calculator
• Two #2 lead pencils
Recent Changes to Contest:
There are no changes to the 2012 Nebraska State FFA Farm Business Management CDE Contest Exam.
State Rules and Format:
• The contest exam is comprised of 100 multiple choice questions.
• The maximum individual contestant score possible is a total of 100 points.
• Contestants have a two hour time limit to complete the contest exam.
• No notes or reference materials can be used during the contest exam.
Contest Tie Breaker:
A supplemental question has been added to the contest exam.
Link to National Rules:
www.ffa.org/Programs/Awards/CDE/FarmBusinessManagement/Pages/default.aspx
It is the responsibility of the winning team contestants for the Nebraska State FFA Farm Business Management CDE Contest to check the rules/requirements for the National FFA Farm Business Management CDE Contest.
Contest Study Information:
2012 Farm Business Management Contest Practice Exam and Answer Key
Suggested Reference Material: Farm Management by Ronald D. Kay, William M. Edwards, and Patricia A. Duffy. (Sixth Edition) Published by McGraw-Hill Science Engineering (ISBN-10: 0073028290)
updated 1/3/12
