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Course Criteria
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3.00 Credits
Analysis of financial needs, from the context of the individual, household or small business owner, related to financial situation (cash management and use of debt), income taxes, risk management, retirement planning, investment planning, estate planning, and other special needs. Utilizes mathematical and computing skills. Pre: 2104 or AHRM 2304, FIN 3134 or ACIS 1504. (3H,3 Credits)
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3.00 Credits
Examination of the role of agriculture in less developed countries and how that role is affected by public policies. Topics include the dimensions of world food, population, and income problems; theories of economic development and the role of agriculture; a description of traditional agricultural systems and their evolution; components of an agricultural modernization strategy; the impacts of international trade and aid; and the effects of international development on U.S. agriculture. I. Pre: 1005, 1006. (3H,3 Credits)
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3.00 Credits
Principles of law involved in environmental issues, survey of environmental litigation, legislation and administrative rulings. Law topics include natural resources, water pollution, private land use, air pollution, toxic substance, food, drug, pesticides, and biotechnology. II. (3H,3 Credits)
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3.00 Credits
Principles and concepts of preparing agricultural financial statements and their analysis. Application of budgeting and risk management. Time value of money concepts applied to borrowing and investing decisions in agriculture. II. Pre: 1005, 1006. (3H,3 Credits)
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3.00 Credits
Primary management tools as they relate to farm production enterprises and agribusinesses. Emphasis on comparing and contrasting the cooperative and investor-oriented business. Pre: 1005. (3H,3 Credits) II.
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3.00 Credits
Marketing tools needed to identify and solve the complexity of marketing food and agribusiness products. Emphasis will be on the marketing principles and concepts applicable to the marketing of food and agribusiness products. Contemporary trends, marketing strategies and problems in the food and agribusiness sector. II. Pre: 1006. (3H,3 Credits)
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3.00 Credits
Characteristics of small business and entrepreneurs, and their economic importance. Development and operation of a small business, including concepts and principles such as franchising, business plans, capital acquisition, venture capital, financial and administrative control, marketing, human resource and operations management. Taxation, legal, insurance and ethics in small business. Junior standing required. I. (3H,3 Credits)
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3.00 Credits
The role of agricultural futures and options in risk management strategies for producers and agribusiness firms and in the price discovery process. Fundamental supply-demand and technical analysis of the markets and pricing processes. Development and applications of effective price risk management strategies. II. (3H,3 Credits)
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3.00 Credits
Legal problems of farm and agribusiness management. Practical application of principles of contracts, negligence, debt instruments and commercial transactions of the farm and agribusiness organization. Selected state and federal laws regulating the farm and agribusiness sector; basic animal laws including state and federal regulation of agricultural sector. I. (3H,3 Credits)
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3.00 Credits
Variable credit course.
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