304050 (v.2) Farm Business Systems Modification 502

Area:

Muresk Institute

Credits:

25.0

Contact Hours:

5.0

Lecture:

1 x 3 Hours Weekly

Tutorial:

1 x 2 Hours Weekly

Anti Requisite(s):

303252 (v.2) Agribusiness Systems Modifications 202

Prerequisite(s):

    303325 (v.2) Farm Business Systems Analysis 201 or any previous version
    OR
    303244 (v.2) Agribusiness 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 businesses. Demonstrated appropriate knowledge and understanding of the principles learnt in the subject on topics that include: Principle of physical and strategic planning and budgeting. Analysing and assessing decisions under risk and uncertainty. Strategies and tactics for handling risk and uncertainty. Leasing and investment in land and other capital resources. Whole production business planning for change.Budgeting for change. Systems for control. Integrated technical, economic and marketing information to analyse problems and performance of horticulture or Aquaculture enterprises and suggest appropriate solutions. Prepared reports that constructively andcompetently analyse management of a farm business and analysed alternative changes to the horticulture or aquaculture production units. Prepared a competent business plan for a horticulture or aquaculture business. Demonstrated the ability to develop andapply simple but effective Excel 5.0 spreadsheets for the analyses required for the unit. 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:

Case studies 30%, Examination 30%, Project 40%. This is by Grade/Mark assessment.

Year	Location	Period	Internal	Area External	Central External
2004	Northam Campus	Semester 2	Y