FBMT1112

This course is an overview of the Farm Business Management Program. The student will be introduced to goal setting, business assessment, personal 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.Student Learning Outcomes

• Identify your current level of business exposure risk
• Determine the annual labor needs for your farm business
• Identify the capital needs of the business (i.e. buildings, land, and equipment)
• Identify balance sheet ratios
• Determine the farm credit needs of your operation
• Construct the cash flow plan
• Demonstrate preparation for conducting a year-end closeout and analysis
• Apply enterprise budgeting concepts
• Identify current issues related to the farm business
• Assemble business, family, and personal goals
• Explain Financial Plans with Stakeholders