303330 (v.2) Farm Business Systems Modification 202

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Area:	Muresk Institute
Credits:	25.0
Contact Hours:	5.0
Lecture:	1 x 3 Hours Weekly
Tutorial:	1 x 2 Hours Weekly
Prerequisite(s):	303325 (v.2) Farm Business Systems Analysis 201 or any previous version
Syllabus:	Continuation of the management processes for analysing agribusiness systems. Planning for the agribusiness, while continuing the process of implementation, monitoring and control. Selected topics include physical, strategic planning and budgeting, investment appraisal, strategic risk management, advanced production economics and logistics.
Unit Outcomes:	On successful completion of this unit students will have- Demonstrated the ability to analyse the performance of a farm business. Demonstrated appropriate knowledge and understanding of the principles learnt in the subject on topics that include: Principles of physical and strategic planning and budgeting, analysing and assessing decision under risk and uncertainty, strategies and tactics for handling risk and uncertainty, machinery and capital infrastructure investment, options for strategic directions in farming, whole farm planning for change, budgeting for change and systems for control. Integrated technical, economic and marketing information to analyse problems and performance of cropping and livestock enterprise and suggest appropriate solutions. Prepared reports that constructively and competently analyse management of a farm business and analyse alternative changes to the farm. Demonstrated the ability to develop and apply simple but effective Excel spreadsheets for the analyses required for theunit. Demonstrated the ability to independently write clear, readable, informative and imaginative reports and assignments.
Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.
Unit References:	Barry, P.J. Ellinger, P.N. Hopkin, J.A. and Baker, C.B., (1995), Financial Management in Agriculture, 5th ed, Illinois, Interstate Publishers. Bent, M.J.M., (1993), Livestock Productivity Enhancers: An Economic Assessment, Wallingford, CAB International.Bell, D.E, Raiffa, H and Tversky, A, (1988), Decision Making: Descriptive, Normative and Prescriptive Interactions, Cambridge, Cambridge University Press. Davis, M, (1986), The Art of Decision Making, New York, Springer-Verlag. Forster, J and Browne, M, (1996), Principles of Strategic Management, South Melbourne, Macmillan. Giles, T. and Stansfield, M, (1990), The Farmer as Manager, 2nd ed, Wallingford, CAB International. Hardaker, J.B, Huirne, R.B.M and Anderson, J.R., (1997), Coping with Risk In Agriculture, Wallingford, CAB International. Libben, J.D, Catlett, L.B and Jones, M.L., (1994), Cash Flow Planning in Agriculture, Iowa, Iowa State University Press. Rae, A.N., (1994), Activity Analysis and Decision Making, Wallingford, CAB International.
Unit Texts:	Makeham, J.P and Malcolm, L.R., (1993), The Farming Game Now, Cambridge, Cambridge University Press.
Unit Assessment Breakdown:	Continuous Assessment 60%, Examination 40%. This is by Grade/Mark assessment.
Year Location Period Internal Area External Central External 2004 Northam Campus Semester 2 Y