Idaho State University Undergraduate Catalog
Farm Business Management
5 Month or 15 Month OptionProgram Coordinator and Instructor: Jones
The Farm and Ranch Management Education program is designed to assist farm families to achieve their farm business and family goals through improved management, organization, and efficiency of farming operation. Emphasis during the first year is on setting up the farming operations record system.
This program is not a production agricultural program, but instead, emphasizes the marketing and management abilities needed to operate a successful farming operation during a widely fluctuating economic cycle. The use of the computer in this program is to aid the farm manager in evaluating and making sound management decisions. Special Fees apply to this program.
Farm Business Management
5 Month OptionThe following courses are required for a certificate of completion:
FBM 175 Farm Business Records I 2 cr FBM 176 Farm Business Records II 3 cr FBM 177 Farm Business Analysis I 2 cr FBM 178 Farm Business Analysis II 3 cr FBM 281 Farm Business Organization I 2 cr FBM 282 Farm Business Organization II 3 cr TOTAL: 15 cr15 Month Option
The following courses are required for a Graduate Seminar certificate:
The 15 credits required for a certificate of completion plus:
FBM 283 Farm Business Organization III 2 cr FBM 284 Farm Business Organization IV 3 cr
Courses
FBM 175 Farm Business Records I 2 credits. Covers a systematic approach to keeping accurate farm records by enterprise on the farm. This course offers the opportunity to place these records on a microcomputer for general farm use. Includes seminar modules of farm accounting procedures, account structure, enterprise accounting, audit trails, etc.; balance sheet and income statement; tax records; and crop records.
FBM 176 Farm Business Records II 3 credits. Continues work begun in FBM 175. New seminar modules include livestock records, written communications, word processing, and decision making. PREREQ: FBM 175.
FBM 177 Farm Business Analysis I 2 credits. Covers a study of records kept by enterprise in the preceding and current year. Analyzes students finances and evaluates current management strengths and weaknesses and develops alternatives to current agricultural practices if the need arises. Seminar modules include business law, electronic spreadsheets, micro-economics, and macroeconomics. PREREQ: FBM 175 and 176.
FBM 178 Farm Business Analysis II 3 credits. Continues work begun in FBM 177. New seminar modules introduced are financial ratio analysis, strategic planning and goal setting, cash flow budgeting and depreciation. PREREQ: FBM 177.
FBM 281 Farm Business Organization I 2 credits. Covers an analysis and evaluation of the previous two year's records and the current year's records. Students work with partial budgets, risk-taking opportunities, and preparation of various financial statements. Seminar modules include time value of money, insurance, forecasting procedures, and lease or buy decisions. PREREQ: FBM 178.
FBM 282 Farm Business Organization II 3 credits. Continues work begun in FBM 281. New seminar modules include supervision and motivation; futures, hedging, and options; using credit; and machinery and equipment management. PREREQ: FBM 281.
FBM 283 Farm Business Organization III 2 credits. Covers accounting concepts of tax depreciation and the lease vs. buy decision. Addresses the application of labor law, OSHA, and estate planning to agriculture. Develops geometry math skill for evaluations of field sizes, and grain bin and potato storage capacities.
FBM 284 Farm Business Organization IV 3 credits. Covers accounting concept of the Statement of Change in Owner's Position, economic principles of macro- and micro-economics, and financial principles involved in non-farm investments. Management concepts including time management, stress management, first aid, and fertilizers are presented. Legal issues including employee substance abuse, worker's compensation laws, and bankruptcy are addressed. Two case studies complement the lecture topics.
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IDAHO STATE UNIVERSITY
Academic Information Contact: webmaster@isu.edu Revised: March 5, 1999 |