FBMT1122

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.Student Learning Outcomes

• Compare risk management tools and products
• Compare available current agricultural technologies and their effect on different enterprises
• Determine benefits of ownership vs. leasing of capital assets
• Evaluate available credit options
• Create standard operating procedures for labor and management resources
• Examine enterprise analysis information
• Compile income and expense data for year-end analysis and tax preparation
• Revise enterprise budgets
• Examine historical farm data
• Identify marketing goals
• Utilize the farm business financial ratio indicators to assess business health
• Identify marketing strategies