AGRICULTURE
GOVERNOR'S RECOMMENDED FY 2006 BUDGET
0302 Agricultural Development

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