AGRI 102 - Agricultural Business and Farm Management

1. Describe farm and agribusiness management techniques and principles.
2. Apply economic principles as they apply to farm and agribusiness management.
3. Explain and interpret financial statements for farm and agribusinesses.

• Discuss the basic principles of management and decision-making as related to both farm and non-farm agribusiness.
• Apply economic principles to case studies in farm and agribusiness.
• Understand the major financial statements: what they report, how to interpret and use the data and how they are connected
• Know the alternatives to meeting needs when resource analysis indicates the labor input in a business needs altered. Includes review of resume, interviewing and other job application skills.
• Identify the best combination of resources to use relative to the enterprises selected for the operation including; crop inputs, livestock inputs, machinery and equipment, and farmstead and buildings.
• Know the alternatives for farm recordkeeping and analysis
• The student will learn to work with others in a management team to combine a limited number of inputs (price, credit policy, advertising dollars, and quantity ordered) within given parameters to experience the outcomes (profits). Emphasis is placed on the practical application of financial statements for analysis.