Overview of the curricular requirements for departmental majors, current issues in associated fields of study, and career opportunities.

Registration Restriction(s): Instructor permission required to enroll if student has greater than 60 credit hours.

Introduction to financial and managerial controls with an emphasis on applications to farms, agribusinesses, and natural resource industries. Topics include the construction and use of basic financial documents, cost of goods sold, inventory management, tax management, and capital budgeting.

Other Instructors: Boyer, Chris

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.

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. Satisfies Volunteer Core Requirement: (EI)
(RE) Prerequisite(s) : AREC 212 or AREC 270, and ACCT 200.
Recommended Background: Introductory economics and microcomputer competence.

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.

Capstone experience for departmental majors involving application of curricular knowledge and skills to one or more case studies in the field of agricultural and resource economics.

Registration Restriction(s): Only open to agricultural and resource economics majors with at least junior standing.

Advanced business concepts used in developing and implementing an organizational business strategy. Strategy development will be explored through the processes of analysis, formulation, and implementation. This will include tools for analyzing the firm’s internal strengths and weaknesses, as well as the external environment in which the firm will operate. Satisfies Volunteer Core Requirement: (AOC)
(RE) Prerequisite(s) : AREC 212 and ACCT 200.
Recommended Background: Intermediate microeconomics.
Comment(s): Graduate standing may satisfy prerequisites.

Other Instructors: Boyer, Chris