Ag - Farm Management (AGB)

Principles of production, supply and demand applied to economic problems of agriculture and agricultural-related industries, and to decisions in farm management, marketing, foreign trade and agricultural policy. Reviews the principles of diminishing returns, marginal costs, opportunity cost, substitution, and the concept of risk and uncertainty. Arts & Sciences Elective Code: B

Focuses on entrepreneurship in agribusiness. Includes the study of marketing, budgeting, financial statements, purchasing, business structure, customer relations and inventory control. Arts & Sciences Elective Code: B

Presents basic concepts and economics principles related to markets for agricultural inputs and products. Reviews current marketing problems faced by farms and agribusinesses, farm and retail price behavior, structure of markets, food marketing channels, food quality and food safety, and the role of agriculture in the general economy. Analyzes the implications of consumer preferences at the farm level. Introduces hedging, futures, and other risk management tools. Arts & Sciences Elective Code: B

Focuses on the agricultural industry and providing inputs to farm producers and processing farm commodities. Covers how agribusinesses, such as cooperatives, and the agribusiness industry are structured. Issues unique to managers in the agribusiness sector are emphasized. Looks at budgeting, financing, facilities management, logistics, teamwork and how to be successful as a manager. Arts & Sciences Elective Code: B

Prerequisite: Take AGB-470 or ACC-152. Take AGB-466.

Focuses on the development, implementation and assessment of appropriate actions in a variety of agricultural settings. Covers the theory and application of modern agricultural safety movement in the United States. Emphasizes the reduction of unnecessary risks in agriculture. Arts & Sciences Elective Code: B

Applies business and economic principles of decision making and problem solving in the management of a farm business. Covers cash flow, partial, enterprise, and whole farm budgeting. Reviews information systems for farm accounting, analysis, and control. Examines obtaining and managing land, capital, and labor resources. Provides alternatives for farm business organization and risk management. Arts & Sciences Elective Code: B

Prerequisite: Take AGB-470 or ACC-152.

Covers the organization, research and planning necessary to be a successful entrepreneur in the agriculture and food sectors. Focuses on opportunity recognition and assessment, and business plan development, which includes research, organization, location, competition, production of the product or service, marketing, finance, staffing, monitoring and measuring for both private and social enterprises. Emphasizes financial needs and projection. Arts & Sciences Elective Code: B

Teaches principles of selling with application to agricultural and food related businesses. Reviews attitudes, value systems, and behavioral patterns that relate to agricultural sales. Examines marketing, selling strategies, preparing for sales calls, making sales presentations, handling objections, and closing sales. Analyzes the buying or purchasing process. Evaluates the agri-selling profession. Arts & Sciences Elective Code: B

Emphasizes general principles associated with managing money in an agricultural business. Application of the effective use of financial statements, financial statement analysis, risk management, and the use and sources of credit will be taught. Arts & Sciences Elective Code: B

Prerequisite: Take AGC-130, MAT-102, MAT-120, MAT-157 or MAT-607.

Provides knowledge of methods for keeping farm records and accounts for farm management, credit and tax purposes. Students complete a record keeping project and prepare a balance sheet, income statement, statement of cash flows, and cash flow budget. Uses cash accounting procedures along with a farm accounting computer program. Arts & Sciences Elective Code: B

Prerequisite: Take AGC-103 or CSC-116.