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rExtension Ag Economist- KFMA NW Colby
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rKansas State University
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rInformation about Kansas Farm Management Association:
KFMA Vision:
The Kansas Farm Management Association (KFMA), through its affiliation
with K-State Research and Extension, will be the valued and trusted
provider of integrated data management systems to apply critical
thinking and strategic business planning for farm and ranch decision
makers; and will be the premier source of farm-level economic data in
the world.
KFMA Mission and Purpose:
To work as an efficient team of economists, serving on the
management team for KFMA member farms, as a farm business management
resource
To provide high quality and timely farm recordkeeping, financial
analysis and tax management
To achieve the goal of improved farm and family decision making,
resulting in increased farm profitability and sustainability
Responsibilities:
Develop and maintain a relationship with membership of approximately
70-80 cooperating commercial farms
Assist cooperating farms with development of a comprehensive and
accurate accounting of the farm. Complete records are the essential
foundation of all KFMA services provided
Provide KFMA members with:
Regular, scheduled on-farm visits each year (at times requiring
extensive travel within the association)
An annual accrual whole-farm business analysis utilizing KFMA
software to collect and process information
An annual economic analysis of farm enterprises
Benchmarks of farm performance in comparison to similar farms and/or
industry standards
Guidance based on interpretation of whole-farm, enterprise, and
benchmark analysis
Guidance and recommendations in estate planning, farm succession
planning, and business entity structure
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Learn and understand federal and state income tax regulations as
they apply to farm businesses. This includes significant time spent
working with members on:
Tax implications of farm business management decisions
Year-end tax planning and management
Preliminary income tax related work for KFMA NW members
Final income tax filing as an employee of Northwest Kansas
Agricultural Tax Services, Inc. (with consulting leave time taken
from Extension Agricultural Economist position)
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Collect, process, and verify financial and production information
from cooperating farms to be utilized by K-State Research and Extension
for research, teaching, and other Extension programs
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Market and promote KFMA by supporting county, area, and state
Extension personnel with technical expertise in the area of farm
business and farm income tax management
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Participate in continuing education to expand farm income tax and
farm management technical skills
Required Minimum Qualifications:
Bachelor\'s degree in Agricultural Economics, Agribusiness,
Agricultural Education, Accounting, Finance or related field
Minimum GPA of 3.0 (on a 4.0 scale) in all college coursework
Minimum of 6 hours of coursework in accounting
Ability to effectively communicate with individuals and groups
Evidence of solid planning, prioritization and organizational skills
Good understanding of production agriculture
Ability to effectively utilize computer technology, software and
applications
Demonstrated expertise in understanding and communicating sound farm
accounting principles and economic relationships in agriculture
Strong attention to detail and the ability to maintain strict
confidentiality
Self-discipline to work independently, and flexibility to work as
part of a team
Ability to handle a workload that varies depending on the time of
year (heavy workload required November-April)
Preferred Qualifications:
Master\'s degree in Agricultural Economics, Agribusiness, Accounting
or related field
Or
Acceptable performance in a position in Agricultural Economics,
Agribusiness, Agricultural Education, Accounting, Finance or related
field.
Tax-related accounting coursework
Farm income-tax preparation experience
Applicants who meet the required qualifications, but do not meet the
preferred qualifications for this position may be considered for an
Associate Extension Agricultural Economist position with KFMA, NW. An
Associate position is expected to successfully develop the skills and
knowledge required for the position of Extension Agricultural Economist
while providing support to the Extension Agricultural Economists working
in the association. The position is designed to lead into an Extension
Agricultural Economist position with KFMA NW within two years if all
objectives are met, based on regular evaluations during the training
period.
Specific responsibilities during the training period include:
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Becom