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Course Criteria
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3.00 Credits
Prerequisite(s): 3213 or concurrent enrollment. Supply, demand, and price determination within the institutional environment of agricultural commodity markets. The roles provided by government intervention, marketing agreements, and cooperatives in agricultural markets. Some graphical analysis of commodity market data. Fundamentals of futures markets applied to agriculture.
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3.00 Credits
Prerequisite(s): 1114. The essentials of operating an agricultural small business. An introduction to the planning, organizing, marketing, managing, financing, controlling and operating an agricultural small business. Not recommended for agricultural economics or agribusiness majors.
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3.00 Credits
Prerequisite(s): 1114, ACCT 2103 or ACCT 3183 or AGEC 3183. Fundamentals of managerial functions as applied to agricultural firms. Organization and management of human, financial, and physical assets for the prof itable operation of an agricultural business. An introduction to business planning, enterprise budgeting, financial statements and record keeping.
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3.00 Credits
Prerequisite(s): 3423. An evaluation of the fundamental principles, objectives, structure, finance, and management associated with the cooperative organization. An analysis of the cooperative business organization within the modern economy: history, legislation and evolution. An examination of careers related to cooperatives.
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3.00 Credits
Prerequisite(s): 1114 or ECON 2103. Framework for analyzing natural resource management decisions. Applications of microeconomic theory to the management of soil, water, and other resources, with special emphasis on the institutions having an impact on management opportunities. Supply of and demand for natural resources, resource allocation over time, rights of ownership, public issues of taxation, police power and eminent domain.
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3.00 Credits
Prerequisite(s): 3213 and 3423. Analyze farm and agribusiness financial statements. Understand the relationship between firm growth and financial leverage. Time value of money concepts and their application to capital budgeting. Discuss how agricultural lenders acquire and use funds.
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3.00 Credits
Prerequisite(s): 1114. Emerging issues related to agricultural policy in the United States.
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3.00 Credits
Prerequisite(s): 1114. Survey of law with emphasis on agricultural problems, applications, and strategies for managing legal risk in the agribusiness setting. Contract law, tort law, property law, real estate transactions, business organization, estate planning, debtor/creditor law, environmental law, and water/resources law.
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3.00 Credits
1-3 credits, max 3. Directed study of selected agricultural economics topics.
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3.00 Credits
Prerequisite(s): Senior standing and agricultural economics or agribusiness major status. Contemporary problems in agricultural economics.
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