SD 3300 - Farm Business Management (3)

When Offered: Spring
This course introduces students to the principles and tools of managerial analysis and decision-making for the profitable operations of farms and farm-related businesses. Emphasis is given to planning, implementing, directing, organizing and controlling a farm business. Topics include financial statements; business analysis; budgeting; acquisition; organization and management of capital, labor, land, buildings and machinery; investment analysis of business-related improvements; and tax implications for management. Through case studies and real-world examples, students will learn to apply micro-economic and agricultural production theories, optimize allocation of resources and products, analyze resource shifts in agricultural production, as well as understand pricing and marketing issues of farm products. Economic concepts useful for management decisions will be reviewed and applied.