Students at the Litton Agriculture Education Center are learning the meaning of “Earning to Live”. Students in Mr. Martin’s Ag Science I classes are working with the Missouri Agriculture Education Record Book to try and figure out the value of their own money.
The Record Book is financial record keeping system for agriculture that combines placement, production, and directed experience SAE programs in a paper format. It contains sheets for recording receipts, expenditures, summary forms (which includes cash flow, depreciation, inventory, balance, profit/loss statements,) supplemental (which includes ownership, placement, competencies, budget, enterprise analysis, loan/interest record, and breeding /performance records,) and FFA forms (that includes tracking FFA participation and leadership activities as well as records for non-FFA.)
Students use all these pages to track their SAE project as well as their personal items. Learning how to keep track and utilize the money they have provides a strong foundation for them becoming financially independent. Students enrolled in agriculture education classes will utilize these record books throughout their time in these classes.