FarmBusiness Management Programs and Curriculum

FARM BUSINESS MANAGEMENT

Award: Diploma
Length: 60 Credits

Program Description:
The Farm Business Management Education Program is concerned with the organization of a farmer’s resources in such a way as to assist the family in meeting their family and business goals. Often these goals involve generating new profit. Good management requires a sound knowledge of economic principles because they are the framework for farm operation and organization. Good management ties all sections of a farm business together. It provides a perspective, showing the relationship of all parts to one another, and to the whole farm business. Good management also requires a knowledge of farm practices and agriculture science, as well as new developments in the field. Management must understand various alternatives that can be used in decision making. Farm business management instruction is concerned with the development of a farmer’s knowledge of economic principles and with the decision-making process. The object of the instruction is to help farmers apply these approaches or sets of principles to their business in such a way as to meet their goals.

PREREQUISITES: To be eligible for enrollment in Farm Business Management courses a student must be a farm business operator or manager or must secure the consent of the instructor.

FBMT 1211 Introduction to Farm Business Management - This course introduces basic farm business management concepts. Students will study the farm management planning cycle and develop an understanding of its relationship to: family and farm business goal setting, cash and enterprise accounting principles, and tax planning. Prereq: None. (4C/0 lect, 0 lab, 4 other)

FBMT 1112 Foundations for Farm Business Management - This course is an overview of the Farm Business Management Program. The student will be introduced to goal setting, self and business assessment, record keeping, and business projections to provide the foundation for personal and business management progress. Current issues affecting business management are an integral part of the course. Prereq: None. (4C/0 lect, 0 lab, 4 other)

FBMT 1213 Managing a Farm System in a Global Economy - This course assists the students in achieving awareness of development in agricultural policies and practices throughout the world and assessing the impact of these policies and practices on the profitability and viability of their farm business. Prereq: None. (2C/0 lect, 0 lab, 2 other)

FBMT 1121 Preparation for Farm Business Analysis - This course will take the student through a step by step procedure to close out a complete year of farm business records. This course will emphasize tax planning, completing inputs to livestock and crop enterprises, and emphasizing cash and liabilities accuracy. A completed business and enterprise analysis will be the course focus. Prereq: None. (4C/0 lect, 0 lab, 4 other)

FBMT 1122 Implementing the System Management Plan - This course continues to build on the foundation of farm business management. The student will complete a farm business financial and enterprise analysis. Sound financial record keeping is an integral component. Prereq: None. (4C/0 lect, 0 lab, 4 other)

FBMT 1223 Using System Analysis in Total Farm Planning - This course enables study of concepts related to farm business analysis, and exploration of possible implications and/or solutions to these concepts. A systematic method to assess farm business strengths and weaknesses based on the analysis will be used. Prereq: None. (2C/0 lect, 0 lab, 2 other)

FBMT 1131 Managing and Modifying Farm System Data - This course will help the student refine their farm business data system and assist them in applying year end procedures for farm business analysis. Students improve accuracy in the following: farm enterprise analysis, tax planning and filing, and cash and liabilities checks. Prereq: None. (4C/0 lect, 0 lab, 4 other)

FBMT1132 Interpreting and Using Farm System Data - This course provides an opportunity for the student to view the farm business and its various components through a number of vehicles such as balance sheets, farm personal and managerial inventories, enterprise reports and historical data. Prereq: None. (4C/0 lect, 0 lab, 4 other)

FBMT 1233 Application of Productive Enterprise Information - This course describes procedures for applying enterprise information provided by computerized analysis of farm business accounts. Prereq: None. (2C/0 lect, o lab, 2 other)

FBMT 2141 Interpreting and Evaluating Financial Data - This course continues to expand on preparation and evaluation of the farm business analysis. This course provides continued guidance and perfection of business record close out procedures, tax implications of management decisions, and continues to monitor farm business and family goals. Prereq: None. (4C/0 lect, 0 lab, 4 other)

FBMT 2142 Interpreting Trends in Business Planning - This course examines whole farm, enterprise, balance sheet, and inventory trends. Current analysis data is compared to historical data in making future farm business planning decisions. Financial ratios are used to indicate the farm financial structure. Prereq: None. (4C/0 lect. 0 lab, 4 other)

FBMT 2243 Using Financial Instruments in Farm System Management - This course integrates the application of various financial instruments used in acquiring capital for use in the business and investigates the way in which both earnings and financial progress can be measured. Prereq: None. (2C/0 lect, 0 lab, 2 other)

FBMT 2151 Strategies in Farm System Data Management - This course will help the student focus on long term strategies necessary to maintain and enhance the farm business and personal future financial goals. The student will complete the year by developing an accurate, usable business analysis. Prereq: None. (4C/0 lect, 0 lab, 4 other)

FBMT 2152 Integrating System Information for Financial Planning - This course uses farm system information to develop a farm financial plan. Interpretation and analysis of the farm system data will enhance the reliability of the farm plan. The comprehensive farm plan will integrate historical trends, farm and personal goals, financial and enterprise performance of the farm business. Prereq: None. (4C/0 lect, o lab, 4 other)

FBMT 2253 System Plans and Projections - This course enables the combination of concepts for preparing farm system plans and projections, and the interaction of possible implications and/or solutions of these concepts. Prereq: None. (2C/0 lect, 0 lab, 2 other)

FBMT 2161 Examination of the Context of Farm System Management - This course is designed to assist students in preparation of improved farm system management procedures. Students in this course will evaluate several years of an improved farm system analysis. Prereq: None. (4C/0 lect, 0 lab, 4 other)

FBMT 2162 Refining Farm System Management - This course is the culmination of activities designed to enable the student to develop and implement a comprehensive farm business strategic plan. The student will use the components of the Farm Business Management Program to develop and support a farm business strategic plan. Prereq: None. (4C/0 lect, 0 lab, 4 other)

FBMT 2263 Evaluating Farm System Programs - This course develops an awareness of individuals and agencies, both public and private, which have expertise available to assist the farm operator to solve farm systems problems. It enables study and application of farm business evaluation concepts, and exploration of possible implications. Exact subject matter and time spent per topic will vary depending on student need, location, and time. Prereq: None. (2C/0 lect, 0 lab, 2 other)

FBMT 2300 Computer Applications in Farm Management - This course will discuss basic computer literacy, identify commonly used software, and demonstrate the uses of commonly used software. Prereq: None. (2C/0 lect, 0 lab, 2 other)

FBMT 2325 Ethics in this Business of Agriculture - This course will explore the various ways in which a farm business conducts business and address their proper conduct. Prereq: None. (2C/0 lect, 0 lab, 2 other)

FBMT 2305 Legal Issues in Agriculture - This course will examine rental contracts, liability insurance, purchase agreements, and farm transfer issues. Prereq: None. (2C/0 lect, 0 lab, 2 other)

FBMT 2330 Business Math Principles - This course will establish methods in determining inventory, calculating acreages, determining yields, calculating fixed and variable costs, and assist in understanding depreciation methods. Prereq: None. (2C/0 lect, 0 lab, 2 other)

FBMT 2310 Environmental Interactions in Agriculture - This course will examine a variety of environmental issues related to agriculture and suggested ways in which to address the issues. Prereq: None. (2C/0 lect, 0 lab, 2 other)

FBMT 2335 Labor Economics and Management - This course will address the use of labor in agriculture, labor work agreements, hired labor tax issues, and the evaluation of labor useage in a business. Prereq: None. (2C/0 lect, 0 lab, 2 other)

FBMT 2315 Effective Time Management - This course will explore various time management principles and their utilization within the farm business. Prereq: None. (2C/0 lect, 0 lab, 2 other)

FBMT 2340 Rural Leadership - This course will examine various farm organizations, the USDA, and local political systems. Prereq: None. (2C/0 lect, 0 lab, 2 other)

FBMT 2320 Family Wellness and Business Relationships - This course will study rural health issues and their effects on successful business ventures. Prereq: None. (2C/0 lect, 0 lab, 2 other)

FBMT 2345 CPR and First Aid - This course will assist the student in understanding proper procedures for handling wounds and injuries, and in performing CPR. Prereq: None. (2C/0 lect, 0 lab, 2 other

ADVANCED FARM BUSINESS MANAGEMENT

AWARD: Diploma
LENGTH: 30 Credits

Program Description:
The Advanced Management Certificate is designed to provide education in the areas of: Risk Management, Strategic Planning, and Business Plan Development. The program will primarily be for students who have completed the Farm Business Management program, but are currently involved in expanding, reorganizing, diversifying, and/or specializing their business. A sound record base is necessary for success in this program.

PREREQUISITES: To be eligible for enrollment in Advanced Farm Business Management courses a student must be a farm business operator or manager or must secure the consent of the instructor.

FBMT 3100 Fundamentals: Risk Management- This course is intended to have the student enhance their decision-making skills relating to business risk management. This course will have the student further investigate tools available to their business that would be effective in reducing potential risk for their operation. Emphasis will be placed on having the student research risk management options that will meet their business, family, and personal needs. 3 Credits

FBMT 3101 Applications in Risk Management-This course is intended to have the student apply concepts in financial management that can be used in the development of a business risk management program. The student is to implement risk management tools that will assist in meeting their business, family and personal needs. 3 Credits

FBMT 3110 Fundamentals: Strategic Planning- This course will enable students to identify the elements necessary to evaluate and create a strategic plan for the business. Determining uses for the plan today and tomorrow and developing a plan to locate those team members necessary for strategic plan creation. 3 Credits

FBMT 3111 Applications in Strategic Planning- This course will provide practical application of strategic planning skills. Application skills will be practiced upon and applied to the student’s business and business plan. 3 Credits

FBMT 3120 Fundamentals: Business Plans-This course will provide practical application of the business plan. Application skills will be practiced and applied as the student’s business plan is prepared and implemented. 3 Credits

FBMT 3121 Applications in Business Plans - This course will provide the necessary instruction to put together and implement a business plan for the farm business. 3 Credits

FBMT 3130 Directed Study: Decision Making - This course will examine the individual, family and farm business decision-making process with emphasis on upgrading and improving decision making resources, tools and skills. Particularly, this course will lead the student to critically analyze information, applications and implications of decision-making as it relates to their own situation. Students will evaluate their own decision making process. 2 Credits

FBMT 3131 Directed Study: Advanced Communications- This course will assist the student in further acquiring and developing a higher level of communication skills. Students will review and evaluate various communication methods and techniques in dealing with and relating to individuals in both the public and private sector. Students will use this information in formulating an effective communication method and style. Additional course content may include student initiated or group activities. 2 Credits

FBMT 3132 Directed Study: Technology Issues - This course will deal with experiencing modern agricultural technological changes and determining if they fit into an individual’s farming operation. 2 Credits

FBMT 3133 Directed Study: Family Transition- This course provides the opportunity for the student to study the many aspects of farm business and/or family transition, which occur in the typical farm business. 2 Credits

FBMT 3134 Directed Study: Personnel Management-This course will organize skills for effective management of farm employees and agribusiness personnel through development of: handbooks, compensation/incentive packages, individual expectations/evaluations, and team meetings. 2 Credits

FBMT 3135 Directed Study: Enterprise Alternatives -This course will assist those students wanting to make changes in their farm business through enterprise expansion, addition or enhancement. The course will develop a set of procedures for exploring and evaluating alternative choices. 2 Credits

AGRICULTURAL COMMODITIES MARKETING

AWARD: Diploma
LENGTH: 25 Credits

Program Description:
The Marketing Certificate will provide the education necessary to develop the understanding, knowledge, and skills to market farm commodities. Specific skills include learning the individual marketing options available to producers to market their commodities. Students will also learn how to calculate an accurate cost of production for use in an individual marketing plan. This certificate is designed to have specific classroom instruction along with group seminar discussions and individualized instruction.

FBMT 1170 Introduction to Farm Commodities Marketing - This course is designed to introduce students to the various methods and tools to market farm commodities. (3 C/0 lecture/pres, 0 lab, 3 other)

FBMT 1173 Directed Study & Farm Commodities Marketing - This course provides the student with the opportunity to use the various marketing methods and tools. Prerequisite: FBMT 1170. (2 C/ 0 lecture/pres, 0 lab, 2 other)

FBMT 1180 Applying Commodity Marketing Fundamentals - This course is designed to teach students to apply the various methods and tools to market farm commodities. (3 C/ 0 lecture/pres, 0 lab, 3 other)

FBMT 1183 Directed Study ?? Applying Commodity Marketing Fundamentals - This course provides the student with the opportunity to apply marketing methods and tools to their individual farming operation. Prerequisite: FBMT 1180. (2 C/ 0 lecture/pres, 0 lab, 2 other)

FBMT 1190 Evaluating Farm Commodity Marketing Tools - This course is designed to teach students to evaluate the various farm marketing tools and to select the tool appropriate to the present marketing situation. (3 C/ 0 lecture/pres, 0 lab, 3 other)

FBMT 1193 Directed Study and Evaluating Marketing Tools - This course will allow the student to implement and use the marketing tools appropriate to the current marketing situation. Prerequisite: FBMT 1190. (2 C/ 0 lecture/pres, 0 lab, 2 other)

FBMT 2170 Monitoring Farm Commodity Marketing Plans - This course is designed to teach students to monitor and refine current farm commodity marketing plans. Emphasis will be placed on current market conditions and pricing opportunities. (3 C/ 0 lecture/pres, 0 lab, 3 other)

FBMT 2173 Directed Study ?? Monitoring Marketing Plans - This course will provide activities directed toward monitoring and refining the student‘s farm commodity marketing plan. Prerequisite: FBMT 2170 (2 C/ 0 lecture/pres, 0 lab, 2 other)

FBMT 2180 Strategies in Farm Commodity Marketing - This course is designed to help students plan marketing strategies necessary to achieve farm business and personal goals. (3 C/ 0 lecture/pres, 0 lab, 3 other)

FBMT 2183 Directed Study & Strategies in Farm Commodity Marketing - This course will help students identify and implement marketing strategies necessary to achieve their farm business and personal goals. Prerequisite: FBMT 2180 (2 C/ 0 lecture/pres, 0 lab, 2 other)