I. General Information
1. Course Title:
Using System Analysis in Total Farm Planning
2. Course Prefix & Number:
FBMT 1223
3. Course Credits and Contact Hours:
Credits: 2
4. Course Description:
This course enables study of concepts related to farm business analysis, and exploration of possible implications and/or solutions to these concepts. A systematic method to assess farm business strengths and weaknesses based on the analysis will be used.
5. Placement Tests Required:
6. Prerequisite Courses:
FBMT 1223 - Using System Analysis in Total Farm Planning
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMT 1223 - Using System Analysis in Total Farm Planning
There are no corequisites for this course.
III. Course Purpose
Program-Applicable Courses – This course is required for the following program(s):
Name of Program(s)
|
Program Type
|
Essentials in Farm Business Management
|
Certificate
|
Applications in Farm Business Management
|
Certificate
|
Advanced Farm Business Management
|
Certificate
|
Commodity Marketing
|
Certificate
|
IV. Learning Outcomes
1. College-Wide Outcomes
College-Wide Outcomes/Competencies |
Students will be able to: |
Assess alternative solutions to a problem |
use the analysis to systematically assess farm business strengths and weaknesses |
Analyze and follow a sequence of operations |
review the financial score card and assess the strengths and weaknesses of the farm business |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
Expected Outcome
|
MnTC Goal Area
|
Explain selected sections of the farm business analysis
|
|
Complete and understand the financial scorecard and determine the farm business’s strengths and weaknesses
|
|
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
I. Review completed farm business analysis
|
A. review year end farm business analysis
|
B. complete a farm financial standards scorecard
|
C. review historical farm business analysis trends
|
II. Assess farm business strengths and weaknesses from the farm business analysis
|
A. complete a farm business S.W.O.T. analysis using the information from the whole farm and enterprise analysis
|
B. compare farm financial scorecard to industry averages
|
C. develop enterprise budgets to reflect desired enterprise improvements
|
III. Summarize the implications of the farm business analysis
|
A. assess the accuracy of the farm analysis income statement
|
B. evaluate the farm financial standard ratios
|
C. assess the enterprise(s) for efficiency and accuracy
|
I. General Information
1. Course Title:
Using System Analysis in Total Farm Planning
2. Course Prefix & Number:
FBMT 1223
3. Course Credits and Contact Hours:
Credits: 2
4. Course Description:
This course enables study of concepts related to farm business analysis, and exploration of possible implications and/or solutions to these concepts. A systematic method to assess farm business strengths and weaknesses based on the analysis will be used.
5. Placement Tests Required:
6. Prerequisite Courses:
FBMT 1223 - Using System Analysis in Total Farm Planning
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMT 1223 - Using System Analysis in Total Farm Planning
There are no corequisites for this course.
II. Transfer and Articulation
III. Course Purpose
1. Program-Applicable Courses – This course is required for the following program(s):
Name of Program(s)
|
Program Type
|
Essentials in Farm Business Management
|
Certificate
|
Applications in Farm Business Management
|
Certificate
|
Advanced Farm Business Management
|
Certificate
|
Commodity Marketing
|
Certificate
|
IV. Learning Outcomes
1. College-Wide Outcomes
College-Wide Outcomes/Competencies |
Students will be able to: |
Analyze and follow a sequence of operations |
review the financial score card and assess the strengths and weaknesses of the farm business |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
Expected Outcome
|
MnTC Goal Area
|
Explain selected sections of the farm business analysis
|
|
Complete and understand the financial scorecard and determine the farm business’s strengths and weaknesses
|
|
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
I. Review completed farm business analysis
|
A. review year end farm business analysis
|
B. complete a farm financial standards scorecard
|
C. review historical farm business analysis trends
|
II. Assess farm business strengths and weaknesses from the farm business analysis
|
A. complete a farm business S.W.O.T. analysis using the information from the whole farm and enterprise analysis
|
B. compare farm financial scorecard to industry averages
|
C. develop enterprise budgets to reflect desired enterprise improvements
|
III. Summarize the implications of the farm business analysis
|
A. assess the accuracy of the farm analysis income statement
|
B. evaluate the farm financial standard ratios
|
C. assess the enterprise(s) for efficiency and accuracy
|