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Course Criteria
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3.00 Credits
Introduction to agribusiness firm characteristics and decision-making. Overview of economic principles and the basic functions of management - planning, organizing, controlling, and directing. Specific topics include firm structure, forecasting, marketing and selling, budgeting, break-even analysis, use of financial statements, capital investment, supervision, staffing, and evaluation.
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1.00 Credits
Career planning, job markets in the agricultural industry, and techniques to obtain employment, including recruitment/placement services, resume construction, personal interviewing, and job-offer evaluation/analysis.
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3.00 Credits
Survey of legal topics related to agriculture and the natural environment. Topics include introduction to legal system, real property, civil liabilities, contracts, commercial transactions, environmental and natural resource regulation, farm and business organization, estate planning, and effective utilization of legal counsel. Registration Restriction(s): Minimum student level - junior.
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3.00 Credits
Application of microeconomics to agriculture. Production, consumption, firm behavior, and efficiency in the food and fiber industries. (RE) Prerequisite(s): 212 and Economics 201. Registration Restriction(s): Minimum student level - junior.
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3.00 Credits
Quantitative analytical tools used in economics and business. Simple and multiple linear regression techniques applied to economic data. Analysis of crosssection and time series data. Optimization techniques applied to economic and business decisions. (RE) Prerequisite(s): Statistics 201. (RE) Corequisite(s): 320.
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3.00 Credits
Principles and procedures for determining most profitable business organizations and systems of operation; attention to traditional and nontraditional agricultural enterprises and businesses; nature of managerial processes; business records and their uses; budgeting; acquisition and management of capital, land, labor and machinery; farm business planning. (RE) Prerequisite(s): 212 and Accounting 200. Recommended Background: Introductory economics and microcomputer competence.
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3.00 Credits
Survey of U.S. food and fiber marketing system; marketing functions; industry structure; market channels; marketing options of farmers; basic analysis of marketing problems. (RE) Prerequisite(s): 212 and Economics 201.
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3.00 Credits
Role of marketing in the agribusiness organization, planning marketing efforts, and the strategic selling process. Topics include identification of market opportunities, targeting, marketing mix, and personal selling in agribusiness. (RE) Prerequisite(s): 212 and Economics 201.
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1.00 - 2.00 Credits
Participation in the development of a total marketing plan for a product sold to or by farmers. Includes product identification; market research; and development of an action plan, including an extensive promotional plan, financial analysis, and evaluation. Requires preparation of final plan for presentation in written, oral, and visual formats. Plan presented in national competition during the National AgriMarketing Conference. Repeatability: May be repeated. Maximum 6 hours. Registration Permission: Consent of instructor.
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3.00 Credits
Use of economic principles and analytical concepts in understanding the theory and process of rural economic development at the regional and subregional levels. Integrating historical and current information, students will explore the impetus of efficiency and equity as driving forces behind public sector and private sector initiatives to induce, manage and forecast development. (RE) Prerequisite(s): Economics 201.
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