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Workshop in Omaha to focus on feed industry profitability

A Feed Industry Profitability Workshop is scheduled for May 5 to 7 in Omaha, Neb.

The workshop will be held at the Educational Service Unit #3, 110th and Harrison streets in Omaha.

The target audience will be feed industry plant and office managers, controllers, accountants and cost center supervisors, said Dr. Tim Herrman, director of the Office of the State Chemist at Texas A&M University and a workshop instructor.

The increasingly competitive feed industry requires managers, supervisors and controllers understand management principles that determine corporate profitability, Herrman said.

"This workshop is designed for individuals who desire to sharpen their management skills," he said.

This is the ninth course presented by faculty from Texas A&M and Kansas State University.

The workshop will address:

--Capital budgeting, including preparing detailed cash flow statements and assigning rate of return based on project risk.

--Interpreting financial statements and assessing feed mill competitiveness through financial ratios and benchmarking.

--Performing detailed cost analysis by shift and feed ration.

--Analyzing and managing variability using statistical techniques that improve feed quality, operating efficiency and profitability.

--Learning to assess optimum operating conditions and identify economic efficiency.

--Utilizing financial planning techniques to examine growth strategies.

Registration is $750 and includes course materials, lunch, breaks, computer software and use of a computer laboratory.

Online registration is available at https://secure.touchnet.com/C21490_ustores/web/product_detail.jsp?PRODUCTID=270.

For more information, contact Herrman at 979-845-1121 or e-mail tjh@otsc.tamu.edu.

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