MISSION:
To perform administrative functions for the department in an expedient and efficient manner through policy formulation, implementation, and financial management; to work with individuals, agricultural groups, the legislature, South Dakota's congressional delegation, and other state and federal agencies to evaluate and respond to issues that affect South Dakota agriculture at the state, national, and international level; to provide service to the public and inform them about agriculture, its opportunities, challenges and needs; to provide a leadership role in educating, assisting, and guiding the public to foster opportunities to add real value to South Dakota agricultural commodities, including livestock and crops; to evaluate and foster development of markets for South Dakota agricultural commodities and agricultural products derived from such commodities; to sustain the viability of South Dakota agriculture producers by providing access to capital at rates producers can reasonably be expected to pay; and, to provide beginning farmers and ranchers access to capital at lower rates through the Value Added Finance Authority.

	ACTUAL FY 2003	ACTUAL FY 2004	BUDGETED FY 2005	REQUESTED FY 2006	GOVERNOR'S RECOMMENDED FY 2006	RECOMMENDED INC/(DEC) FY 2006
FUNDING SOURCE:
General Funds	$56,460	$68,646	$138,373	$138,373	$138,373	$0
Federal Funds	101,607	119,336	295,209	295,209	295,209	0
Other Funds	797,395	668,927	881,561	881,561	881,561	0
Total	$955,463	$856,908	$1,315,143	$1,315,143	$1,315,143	$0
EXPENDITURE DETAIL:
Personal Services	$383,709	$399,162	$482,090	$482,090	$482,090	$0
Operating Expenses	571,753	457,746	833,053	833,053	833,053	0
Total	$955,463	$856,908	$1,315,143	$1,315,143	$1,315,143	$0
Staffing Level FTE:	8.0	7.8	9.0	9.0	9.0	0.0

	ACTUAL FY 2003	ACTUAL FY 2004	ESTIMATED FY 2005	ESTIMATED FY 2006
REVENUES:
Investment Council Interest	$200,245	$176,512	$200,000	$200,000
Rural Development Loan Interest	318,116	265,324	350,000	350,000
Junior Livestock Loan Interest	287	1,092	1,000	1,000
Other Loan Interest Income	5,683	2,467	3,000	5,000
Livestock Loan Participation	63,401	41,975	100,000	100,000
Value Added Finance Authority	41,820	20,069	50,000	50,000
Mediation Services	3,032	2,752	5,000	5,000
Mediation Filing Fees	12,912	2,863	10,000	10,000
Miscellaneous	6,169	2,407	1,000	1,000
Total	$651,665	$515,461	$720,000	$722,000
PERFORMANCE INDICATORS:
New Loans Processed	24	23	30	30
Loans Serviced Annually	189	174	220	220
Loan Deliquency Rate (%)	2	175	3	3
BOSDRC Grants	44	38	55	50
New Ag Finance Counseling Clients	116	85	250	200
Applications for Mediation Service	215	222	250	250
Cases to Mediation	57	32	100	100
Cases Agreement Reached (%)	77	81	85	85
Potential Processor Contacts	118	96	150	125
Trade Shows/Feasibility Studies	14/5	9/3	15/5	15/5
Marketing Consultations	265	280	300	300
Livestock Missions	4	0	5	0
Beginning Farmer Applications	19	11	40	25

generated 12/06/04 03:42:41 PM