Extension Ag Economist- KFMA SE El Dorado

About This Role:

TITLE: Extension Agricultural Economist, Kansas Farm Management Association, Southeast

The Kansas Farm Management Association (KFMA) Southeast is seeking applicants to fill the role of an Extension Agricultural Economist. The responsibilities of an Extension Agricultural Economist are varied but center around providing education and consultation to KFMA member farms in the area of farm business management.

KFMA Economists strive to provide cooperating farms with resources to make informed financial, production, and tax management decisions. KFMA SE works with farm families in a 20-county area. Principal crops are wheat, corn, soybeans, and hay. Livestock enterprises in SE Kansas include beef, swine, and turkey production. Average farm size is 1,450 crop acres.

LOCATION: El Dorado, Kansas

KFMA Vision/Purpose:

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:

The foundation of the KFMA program is providing education and consultation to member farms in the area of farm business management. KFMA Economists strive to provide cooperating farms with resources to make informed financial, production, and tax management decisions. In order to achieve this goal, an Extension Agricultural Economist is expected to:

1. Develop and maintain a relationship with membership of approximately 80 cooperating commercial farms
2. 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
3. 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
4. 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 SE members
   • Final income tax filing as an employee of Southeast Kansas Agricultural Tax Services, Inc. (with consulting leave time taken from Extension Agricultural Economist position)
5. 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
6. 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
7. Participate in continuing education to expand farm income tax and farm management technical skills

Worksite Options:

This position is required to be performed on-site. Work is performed on employer premises or designated assignment location.

What You’ll Need to Succeed:

Minimum Qualifications:

• Bachelor’s degree in Agricultural Economics, Agribusiness, Agricultural Education, Accounting, Finance or related field and at least three years of acceptable performance in a position in the area of agricultural economics, agricultural finance, agribusiness, accounting or closely related field

Or

• Master’s degree in Agricultural Economics, Agribusiness, Accounting or related field

And

• 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) 

Other Requirements:

• Applicants must be currently authorized to work in the United States at the time of employment.

How to Apply:

Application must upload a letter of application, resume including contact information for three professional references (Each reference will be asked to upload a letter of support for the applicant), and official transcripts of all college coursework. Applicants must be currently authorized to work in the United States at the time of employment.

Screening of Applications Begins:

Screening of applications will begin on May 10, 2024, and will continue until the position is filled. The starting date is negotiable with the KFMA, SE Board of Directors and KFMA Executive Director.

Travel

Travel, which will be required for this position, is primarily be within the KFMA SE association area but may occasionally involve overnight travel to other areas of Kansas. Reimbursement for travel and subsistence related to achieving program objectives including either use of an association provided vehicle or mileage reimbursement will be provided.