Four new FBS User Conference videos. "What's Brewing in Agriculture?" Ag Consulting Conference. Showing future rents in crop margins.
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 FarmSMART                                              September 2017 

In this Issue:

4 New User Conference Videos

What's Brewing in Agriculture?

October Free Webinars

Q&A:  Showing Future Rents

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 Click here to view User Conference presentations.
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Our chief "bean counter's" weekend gig.
The FBS team not only know farming, we love it!  During the harvest weekends Mike Boggs, our resident "bean counter," exchanges his accountant's green eye shade for a tattered ball cap to ferry grain out of his neighbor's fields.  Mike's virtual controller clients truly benefit from a  Director of Professional Services who exemplifies a unique grounding in farming as well as financials. 
This month we'll examine the intersection of technology, crops and costs with four new video links from the 2017 FBS User Conference.

Also in this month's FarmSmart:

  • "What's Brewing" ASAC Conference.
  • October free webinars.
  • Link to recorded webinars.
  • How to recognize future rents in your cost analysis.                                                                                                                                                                                                          SDG

 Play Button.jpg FBS User Conference Video Highlights

Didn't make it to this year's FBS User Conference?  We're storing slides from most presentations and an expanding library of videos on our conference website

Last month we linked to the Farmers of the Future keynote by Jeanne Bernick.  This month we've added four more Conference videos to our collection.

Watch Farm Progress's Editorial Director and tech guru Willie Vogt preview the

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 Top 5 Tech Trends in Agriculture
with the latest updates on:

1. Biotech 
2. Sensors
3. Internet of Things
4. Automation
5. Crop Modeling/Analytics

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Then drill into the 

2016 Corn-Soybean Cost of Production Benchmarks

with John McNutt of LattaHarris and Bill Haupts from Russell Consulting .  Discover why corn production costs are ranging from $1.94 to $5.12 per bushel and why you should be optimizing margins rather than yields

Learn about five trans formative technologies that can interface with or enhance your FBS data in the  Integration Partners Panel.

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Jack Makowski from Conservis describes 
integration with John Deere, Fieldview and FBS.
Doug Applegate of Praxidyn demoes
the Mixmate chemical mixing app. 
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Andy McGarry of Granular announces the
company's acquisition by DuPont.
Erik Nankivil from Maximus explains
 how their controllers manage facilities.
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Networking with with integration panel members. Brian Watkins explains how Cropzila
optimizes machinery investment.

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Learn what's in store for your FBS Software by watching FBS Director of Development Dr. Martin Traviolia's presentation:

New Opportunities in Software.




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Join ag professionals from across the nation at the 2017 American Society of Agricultural Consultant's Annual Conference, November 13-14 in Milwaukee.  This year's theme is "What's Brewing in Agriculture," and we'll cover everything from global markets and politics to organic farming trends. 

Featured speakers include:

October FreVersion 11 Computer.jpge Webinars
October  2:  Ins and outs of Accounts Payable and Receivable.
October  9:  No Webinar.
October 16:  Enter Harvest Data
October 23:  Contracts and Grain Inventories.
October 30:  Taking Care of Your Data--Backup, Restore, etc.

All webinars run between 1:00 pm and 2:00 pm CDT.  

To register, e-mail by 12:00 pm CDT on the day of the webinar.
NEW:  Catch up on the webinars you've missed by watching them on the Webinar page of our website.

Q&A of the Month:  Showing Future Rent Payments
Sarah Dixon, FBS Sales and Support Coordinator

Q.  How do I record cash rent that's due at the end of the year into current-dated reports so I can calculate my crop's margin

A.  The easiest way to accomplish this is to record the rent as an Accounts Payable through the A/P Module dated within the growing season.

To include this rent expense in financial reports such as the Income Statement select Date Cash Exchanged option 1-Use entries in time period with your date range including the date of the A/P.

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If you choose Date Cash Exchanged options 2 or 3-AP & AR on date paid, the rent  will not show as an expense until the date the A/P is paid.

Note that Cost Analysis Reports (Crop, Feeding and Consolidated Cost Analysis) will always recognize the Accounts Payable and Receivable on the date they are booked, not the date paid (identical timing to Date Cash Exchanged option 1.

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