FBMT2151

This course will help the student focus on long term strategies necessary to maintain and enhance the farm business and personal future financial goals. The student will complete the year by developing an accurate, usable business analysis.Student Learning Outcomes

• Evaluate tax management relative to estate planning
• Analyze capital asset ownership options
• Evaluate labor and management performance
• Evaluate financial and production data
• Evaluate best farm management practices
• Evaluate farm financial trend data to establish a tax management strategy
• Relate farm tax laws to the farm business liability
• Incorporate farm financial trend data in establishing a tax management strategy
• Manage farm business resources and technologies
• Evaluate implications of farm tax laws to the overall personal tax liability
• Assess the profitability of technology investments
• Evaluate current year tax management plan