SAE/ Careers and Record Keeping

Objectives Know the type of SAE ’ s Know the type of SAE ’ s Have every student develop an SAE Have every student develop an SAE Understand Factors when considering a career Understand Factors when considering a career Asets Asets Liabilities Liabilities Debt-to Equity Ratio Debt-to Equity Ratio Net Worth Net Worth SAE SAE Co-curricular Co-curricular Terms

What is an SAE? SAE Stands for “ Supervised Agriculture Experience ” SAE Stands for “ Supervised Agriculture Experience ” They are programs that involve practical agricultural activities performed by students outside of class. They are programs that involve practical agricultural activities performed by students outside of class.

Why is SAE Important? Just like the FFA SAE ’ s are co- curricular with an agriculture program Just like the FFA SAE ’ s are co- curricular with an agriculture program Every agriculture student is required to have an SAE. Every agriculture student is required to have an SAE.

Types of SAE Entrepreneurship Entrepreneurship Own BusinessOwn Business Placement Placement Working for a company or personWorking for a company or person Improvement Improvement Improving something Ag relatedImproving something Ag related Exploratory Exploratory Job ShadowingJob Shadowing Supplementary Supplementary Small 1 day projectSmall 1 day project Research and Experimentation Research and Experimentation Gathering Data on something agriculturalGathering Data on something agricultural

Record Keeping Keeping records of your SAE is important to the success of the project Keeping records of your SAE is important to the success of the project All records should be kept in a record book and update often All records should be kept in a record book and update often Hours spentHours spent Days research doneDays research done Research findingsResearch findings How much money have you madeHow much money have you made Equipment bought sold.Equipment bought sold.

Financial Record Keeping Assets Assets Something that you ownSomething that you own Liabilities Liabilities Something that you owe (bills, Payments, mortgage)Something that you owe (bills, Payments, mortgage) Current Current Sold, Paid or used up within 12 monthsSold, Paid or used up within 12 months Non-current Non-current Sold, Paid or used up beyond 12 monthsSold, Paid or used up beyond 12 months

Total Assets/ Liabilities Total Assets/ Liabilities Current +Current + Non- CurrentNon- Current Net worth or Equity Net worth or Equity Total Assets- Total LiabilitiesTotal Assets- Total Liabilities Debt to Equity Ratio Debt to Equity Ratio Total Liabilities: Net WorthTotal Liabilities: Net Worth

Depreciation The devaluing of something over time The devaluing of something over time Everything is depreciable except: Everything is depreciable except: Quickly used assets (plants/animals)Quickly used assets (plants/animals) Feed/ medicineFeed/ medicine LandLand

Factors to Consider When Starting a Career Standard of Living Standard of Living Pay/ LocationPay/ Location Personal Contact Personal Contact Working with people or with thingsWorking with people or with things Education Requirements Education Requirements Experience/ Skills Experience/ Skills Location of Employment Location of Employment Interests, Likes, dislikes Interests, Likes, dislikes Working Conditions Working Conditions Working Hours Working Hours Retirement benefits Retirement benefits Health and Happiness Health and Happiness