Farm Financial Standards Council

1
Farm Financial Standards Council

• Annual Meeting
• January 28, 2003
• Nashville, TN

2
Mission of FFSC

• - is to provide education and a national forum to
  facilitate the development, review, communication
  and promotion of uniformity and integrity in both
  financial reporting and the analytical techniques
  useful for effective and realistic measurement of
  the financial position and the financial
  performance of agricultural producers.

3
Organization of FFSC

• Executive Committee
• To manage the regular business and affairs of the
  Council with authority from the Board of
  Directors
• Chair ( President of Council)
• Vice Chair (Vice President of Council)
• Sec/Treasurer (Sec/Treasurer of Council)
• Chair and Co-Chair of Standing Cmts
• Immediate past President of Council

4
Executive Committee

• President Eddie Hamilton
• Vice President Kevin Moss
• Sec-Treasurer John Larson
• Technical Cmt Steve Hofing
• Communication Cmt John Crowgey Kendal
  Thompson
• Finance Cmt Kevin Moss
• Past President Joe Daughhetee

5
Goals for 2003 ?

• What should be realistic goals for Council during
  coming year?

6
Some Observations

• Small core group that enjoys meeting and
  interacting
• No source of continual funding
• Intellectual integrity
• Volunteer group with some follow through issues
• Is this a Membership Group?
• Deals with Complex Technical issues
• Measurable goals?
• Process more important than Product

7
Goals for 2003 ?

• Discussion of Strategic Retreat
• Kevin Moss
• Open Discussion of short term goals for coming
  year
• Steve Hofing to facilitate
• Executive Cmt to meet within 30 days to formulate
  plan to identify and implement goals