AGB 330 - Farm Business Management

1. Construct agricultural industry financial tools
   1. Demonstrate the ability to prepare an inventory
   2. Create enterprise budgets for multiple enterprises
   3. Describe and create a cash flow budget for a multi-enterprise operation
   4. Describe available sources of credit
   5. Understand loan applications and repayment schedules
   6. Review the use of outside equity in farming
2. Interpret agricultural financial tools
   1. Use constructed farm records to evaluate the performance of the farm business
   2. Apply evaluations to farm management practices
   3. Evaluate alternative enterprises
3. Apply appropriate accounting and economic principles.
   1. Select the correct accounting system
   2. Explain differences between systems
   3. Review purpose of farm accounts
   4. Review computerized accounting systems
4. Explain farm management principles.
   1. Describe how a farm business can be organized
   2. Apply budgeting concepts to make practice farm management decisions
   3. Select desirable measures of profitability
   4. Identify desirable measures of capital position
   5. Select desirable measures of cash flow adequacy
   6. Determine desirable measures of business size
   7. Select desirable measures of productivity and efficiency
5. Determine long- and short-term goals influencing decision making
   1. Define a goal
   2. Summarize the seven attributes of a goal
   3. List examples of general goals shared by most farm producers
   4. Name the five steps in setting goals
6. Analyze the relationship of taxes to the farm business
   1. Show the importance of records for tax purposes
   2. Summarize tax advantages obtained with complete and accurate records