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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (June 28, 1972)
CoIWr* SUtion, Ttna Wednesday, Jane », 1972 THE BATTALION Management emphasized by A&M agricultural economists THRALL—It may be an over used word as far as some agri cultural producers are concerned, but “management” was given farther emphasis here last week at the 10th Annual Stiles Farm Foundation Field Day. Some IJHQQ people attended. "Management’* was highlight ed during a formal program by two agricultural economists from A AM, Dr. Ronald Kay and Dr. John Hopkin. Kay, whose specialty is farm management, noted that manage ment (which he defined as deci sion -making) is considerably more important .today than 20 or M years ago. He gave these rea sons: 1. There are more decisions to be made today. t. More is loot in terms of dollars and cents from a poor decision. S. More of today's decisions are "money” decisions. 4. Some people are becoming better managers — competition is getting stiffer. In offering his suggestions for Improving management, the as sistant professor stressed two items—more desk time and being Dr. Linder to receive Navy grant Dr. John 3. Linder of AAM’s Electrical Engineering Depart ment has beep awarded a $30,- 000 grant by f|w Office of Naval Research for Specialised studies in solid state electronics. The project, entitled “Implan tation of Ions into Various Ma terials,” is expected to produce data which will have application in design of infrared detectors, noted Linder, an associate pro- , feasor, r He said the one-year study will be monitored by the Naval Elec tronics Laboratory at San Diego. receptive to change. "Producers need'to spend more time at their desks to plan and organise and to keep records,” emphasised Kay. “Planning and organising will become even more critical in the future. More Ume must also be spent in the mar keting of agricultural products. Farmers spend too much time producing and not enough time marketing.” , In discussing changes in agri culture, the economist pointed out . -Pearson ig^ted " to give lectures *: Dr. John EL Pearson, dean of AAM College of Business Admin istration, hag been invited to conduct a serfes of management lectures next! month in Cali, Colombia. \ Dean Person will be the fea tured speaker for a program specifically concerning organisa tion motivating relationships. The program is sponsored by the Institute Colombia no de Ad- mnistracidn, which is,similar to the American Management Asso ciation in the United States, Dr. Pearson explained. “The purpose of these lectures is to focus attention on the most recent findings, of both profes sional practitioners and business scholars, in the development of behayiond or psychological skills needed to manage human re sources in different types of or ganisations,” the dean noted. In addition to having his ex penses for participating in the program paid by the Colombian erganisation, Dean Pearson will visit several different industries la the Sduth American country as the guest of institute officials. Apartment Dwellers Join the Gulf Coast Sailboat fleet and enje/ special low rates for Storing your boat in our warehouse. GC-M’s in stock. Go sailing this weekend. Financing available SPARCO — 846-6544 Gulf Coast Sailboats I r. §■12 • SAYAN KC MALL i ssysa hr that producers should take a close look at all technological changes and should consider those changes that are worth adapting. "Do not be the first to jump in without careful con sideration of a change. On the other hand, don’t be the last one to make a move.” Hopkin, who servea as Stiles professor, aimed his remarks at financial management. “Manage ment skills must be especially high today with most farms op erating on borrowed capital A ‘cash flow budget’ is a moat cru cial management tool, and farm ers should become accustomed to adapting such a budget,” Hopkin emphasised. In addition to citing the need for increased skills to financial management, the professor also pointed to the growing liquidity problem of many farm opera tions—the need for cash when cash is needed. ’The annual re payment of farm loans in Texas is higher than total gross sales,” he noted. "This means that many fanners are paying off last year's loan this year." The average debt per farm in the state has increased 10 times from 1950 to the present, added the economist. Today the debt level per farm is 20 percent of the total farm investment. In discussing future change and farmers’ quests for increased operating capital, Hopkin ex plained that leasing of machin ery, land and farm animals, merging of operations, limited partnerships, and corporations offer some possibilities. In addi tion to increasing operating cap ital, such actions also have the potential for increasing the level of management which is so criti cal today, he added. On a tour of field demonstra tions, earlier in the afternoon, visitors heard discussions on pas ture grasses, use of TemJk in a cotton pest management pro gram, grain sorghum, sunflowers, swine waste disposal, loose stack ing and processing hay, and dou bling calf gains with improved grasses. The Stiles Farm, established in 1961, operates as a demonstra tion farm for the Central Texas Blackland area. 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