Noble Foundation Agricultural Division Event is Open to the Public

Software can be a valuable tool for an agricultural enterprise, but many producers feel overwhelmed by the array of programs and their various capabilities. To help sort through the available options, Noble Foundation agricultural economists will host a Profit Enhancement Seminar for livestock producers using computerized decision-making tools on Wednesday, March 8, beginning at 9:30 a.m. This program will help owners, operators and managers learn to use computer software to assist in their decision-making processes. Plan to attend and find out about the many software programs available that can enhance your operation's profitability.

During the seminar, Noble economists will discuss or demonstrate:
  • basic spreadsheet operations and the use of Microsoft Excel;
  • preparation of a net worth statement using Excel;
  • the importance of a net worth statement, the information it provides to the agricultural business and its relationship to financial growth and stability;
  • the principles of investment analysis using a beef cow example;
  • the time value of money and its impact on debt and savings;
  • an evaluation of the profitability of retained ownership of calves or feeders using computer software;
  • the amount a producer can pay for a beef cow and how to value the difference between bulls using computer software; and
  • an evaluation of how to economically establish hay requirements using computer software.

The program will conclude with preliminary results from selected Noble Foundation Agricultural Division research projects and will adjourn at 3:15 p.m.

The seminar will be held in the Noble Foundation's Kruse Auditorium at 2510 Sam Noble Parkway, Ardmore, Okla.; the cost is $10. To register, contact Melissa Castleman at (580) 224-6411 or sign up online at http://www.noble.org/AgEvents/.

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News Release Issued: Feb. 27, 2006

The Samuel Roberts Noble Foundation, Inc. (www.noble.org), headquartered in Ardmore, Okla., is a nonprofit organization conducting agricultural, forage improvement and plant biology research; assisting farmers and ranchers through educational and consultative agricultural programs; and providing grants to nonprofit charitable, educational and health organizations.