2. SAE Ag MECH II SAE Unit B

3. What is an SAE? A learn by doing process. Agricultural students reinforce learning by applying skills and knowledge acquired in class and shop by means of an ownership and/or non-ownership project. Allows for student to establish short and long term goals.

4. What is SAE? Supervised Agricultural Experience SAE’s are: In the agriculture industry Conducted outside school time Supervised by the teacher Planned around an agriculture occupation Designed to apply classroom/lab learning

5. What are my agricultural interests? Students have SAE’s to: provide agricultural experiences “Learning by Doing” SAE Benefits Earn Money Learning Opportunities Earn Awards, Degrees, Scholarships Usually Fun

6. What are the types of SAE? Placement – Placing students in jobs outside of regular classroom hours that may be paid or unpaid work. Ex; farm supply store, poultry farm Entrepreneurship - Owning & operating an ag business – planning, implementing, operating and assuming financial risks. Livestock, crops, lawns, etc.

7. What are the Types of SAE? Improvement – a series of activities that improve the value or appearance in the home or community; the efficiency of a business or enterprise; or the living conditions of the family Ex; building a fence; computerizing records, remodeling a building, or repairing equipment.

8. What are the Types of SAE? Experimental - planning and conducting an ag experiment using the scientific process and involving a number of steps. Ex comparing different levels of protein on animal growth.

9. What are the Types of SAE? Analytical – choose a problem that cannot be solved and design a plan to investigate and analyze the problem. Ex: Marketing Display Exploratory - “Shadowing” or career Explorations Supplementary – One Specific skill not related to major SAE

10. Financial Statements

11. Asset Something tangible of value that a person owns Current- items quickly converted into cash or that will be sold within 12 months Examples: cash, checking, savings, stocks, etc

12. Asset Non-current- items that have a useful life of more than one year Examples: land, machinery, breeding livestock, etc

13. Liability- debts Current- debts that are due to be paid this year Examples: fertilizer and feed bills, tractor and building payments, and part of mortgage due this year

14. Liability- debts Non-current- debts not due this year Example: mortgages not including this year’s payment

15. Inventory An itemized list of things owned by a business with the beginning value and depreciated value

16. Inventory Non-depreciable- items that will be used up or sold within a year (feed, supplies, etc) Depreciable- items that have a useful life of more than one year and lose value because of age, wear or becoming out-of-date because of technology

17. Inventory Land is NOT depreciable property

18. Total Assets Current assets+non-current assets=total assets

19. Total Liabilities Current liabilities+non-current liabilities=total liabilities

20. Net worth or Owner’s Equity Total assets minus total liabilities

21. Debt to Equity Ratio Total liabilities divided by net worth

22. Selecting a Career

23. Factors to Consider in Selecting a Career Standard of Living – pay, location Personal Contact – working more with people or with things Educational Requirements Practical experiences or skills required Location of employment

24. Factors to Consider in Selecting a Career Your Interests, likes and dislikes Working conditions Working hours and time for leisure activities Retirement benefits Your health and happiness

25. Steps in Choosing a Career 1.Considering your interests, abilities, and other characteristics 2.Narrow the field of jobs 3.Study the requirements of the job 4.Plan for alternative occupations – the first choice may not work out

26. Steps in Choosing a Career 5. Prepare a plan for career preparation – early planning can save time and help you take the right courses in HS and college 6. Be willing to pay the price for success - education, dedication 7. Get work experience – SAE, coop, part-time jobs