Roland-Story agriculture students were busy this past week learning about the concepts of business management and record keeping as they formed and operated their own businesses that dealt with the production and marketing of beef jerky.

“The basis of this unit of instruction is for the students to gain an understanding of the importance of keeping and analyzing financial records when operating any business — small to large,” said Brad Taylor, agriculture education instructor and FFA advisor.

The lesson, which is part of their unit of study over record keeping and analysis, consists of students forming companies, developing business plans, producing a product (beef jerky), promoting and advertising their products, marketing the beef jerky and noting business reflections.

Students will then use the information from their companies to help them further understand financial literacy as they begin to setup their individual SAE (supervised agriculture education) projects.