How to I create a new Person Type?

I look at crm>settings and see Person Types shown there as “Contact Types”, but how do I create a new one. I would like to add one called “Farm List IT”

Hi Lynn, you are in the right place. Just click into the box and you can type “Farm List IT” http://screencasts.alwayshelpful.org/watch/cFeYreDvZk <-video