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Course Criteria
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3.00 Credits
Prereq: Permission and advance approval of independent study contract at the start of each semester. Pass/No Pass only. Individual or group projects in research, literature review, or extension of course work under supervision and evaluation of a departmental faculty member.
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3.00 Credits
(3 cr I) Lec 2, lab 2. Prereq: AECN 201. The role of budgeting and linear programming in analyzing farm organization problems, theory of linear programming, linear program design, and analysis of linear programmed solutions to farm organization problems. Includes goal programming, multiple objective programming, risk programming, and financial modeling.
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3.00 Credits
Lec 2, lab 2. Prereq: AECN 316; ACCT 201 and 202; FINA 361 or AECN 452; MNGT 360 or 361. Capstone course. AECN 416 requires written and oral communication skills. Conduct industry and business research in strategic management of an agribusiness. Internal and external factors and competitive forces affecting the firm. Integration of concepts from various economic and business disciplines.
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3.00 Credits
Lec 3. Prereq: ECON 211 and either ECON 212 or AECN 141. Recommended: ECON 311 and 312. Application of basic principles of international trade and finance to food and agricultural trade. Particular attention to current policy issues in agricultural trade such as the pros and cons of regional trade blocks, alternative agricultural and trade policies, the effects of exchange rate variation on agricultural trade, and trade and environmental protection.
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3.00 Credits
Prereq: 9 hrs agricultural economics and/or economics or permission. Systems approach to evaluating the effects of current domestic and international political and economic events on agricultural markets.
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3.00 Credits
Lec 3. Prereq: AECN 201 and 325. Marketing: farm, ranch, and agribusiness firm management. Risk management strategies using combinations of derivatives and insurance products. Advanced trading and merchandising strategies using fundamental and technical analysis. 1 Capstone course.
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3.00 Credits
Analysis1 (NREE 445) (3 cr II) Lec 3. Prereq: ECON 211; ECON 212 or AECN 141. ECON 311 and 312 recommended. Introduction to the application of economic concepts and tools to the analysis and evaluation of public policies. Economic approaches to policy evaluation derived from welfare economics. Social benefit-cost analysis described and illustrated through applications to current agricultural and natural resource policy issues.
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3.00 Credits
Lec 3. Prereq: AECN 201 or 4 hrs accounting. Principles and concepts of financial management of farm and agribusiness firms developed. Various strategies for acquiring and using capital resources by the individual firm explored. Institutions providing the sources of agricultural credit are individually studied.
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3.00 Credits
Lec 2, lab 2. Prereq: AECN 141, or ECON 210 or 212. AECN 201 and AGRO 153 recommended. Valuation of agricultural and rural real estate traced from the underlying theory of value through full development of principles, practices, and factors used by the appraisal profession to estimate value. The income approach, the market data approach, and the cost approach to value developed in detail. Appraisal procedure analyzed for such special purposes as farm loans, tax assessment, and condemnation.
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3.00 Credits
(3 cr II) PSI. Prereq: Junior standing. AECN/NREE 357 recommended. Offered odd numbered years. Available through Extended Education and Outreach. Administrative law, risk assessment, environmental impact review, Clean Air Act, Clean Water Act, non-point pollution control, wetlands regulations pesticide and toxic substance regulation, solid and hazardous waste regulation, drinking water protection, land use regulation, energy policy, and international environmental law.
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