I. General Information
1. Course Title:
System Plans and Projections
2. Course Prefix & Number:
FBMT 2253
3. Course Credits and Contact Hours:
Credits: 2
4. Course Description:
This course enables the combination of concepts for preparing farm system plans and projections, and the interaction of possible implications and/or solutions of these concepts.
5. Placement Tests Required:
6. Prerequisite Courses:
FBMT 2253 - System Plans and Projections
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMT 2253 - System Plans and Projections
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 |
Develop Financial Long Range Budgeting plan (FINLRB) |
| Work as a team member to achieve shared goals |
Assess implications of each FINLRB scenario |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
|
Expected Outcome
|
MnTC
Goal Area
|
|
Provide all basic data needed to develop a business plan
|
|
|
Evaluate the business plan based on realistic market expectations
|
|
|
Modify the plan to adhere to business goals
|
|
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
I: Review the farm business plan
|
|
A. review goals in relationship to the business plan
|
|
B. review historical trend data
|
|
C. identify areas for improvement
|
|
II: Evaluate business performance in relation to the vision for the future
|
|
A. benchmark business financial and production performance
|
|
B. compare business financial and production performance to industry standards
|
|
C. set standards for future performance
|
|
III: Revise the farm business plan
|
|
A. link the plan to goals
|
|
B. base revisions on historical farm performance
|
|
C. compare revised plan results to historical performance
|
|
I. General Information
1. Course Title:
System Plans and Projections
2. Course Prefix & Number:
FBMT 2253
3. Course Credits and Contact Hours:
Credits: 2
4. Course Description:
This course enables the combination of concepts for preparing farm system plans and projections, and the interaction of possible implications and/or solutions of these concepts.
5. Placement Tests Required:
6. Prerequisite Courses:
FBMT 2253 - System Plans and Projections
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMT 2253 - System Plans and Projections
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: |
| Work as a team member to achieve shared goals |
Assess implications of each FINLRB scenario |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
|
Expected Outcome
|
MnTC
Goal Area
|
|
Provide all basic data needed to develop a business plan
|
|
|
Evaluate the business plan based on realistic market expectations
|
|
|
Modify the plan to adhere to business goals
|
|
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
I: Review the farm business plan
|
|
A. review goals in relationship to the business plan
|
|
B. review historical trend data
|
|
C. identify areas for improvement
|
|
II: Evaluate business performance in relation to the vision for the future
|
|
A. benchmark business financial and production performance
|
|
B. compare business financial and production performance to industry standards
|
|
C. set standards for future performance
|
|
III: Revise the farm business plan
|
|
A. link the plan to goals
|
|
B. base revisions on historical farm performance
|
|
C. compare revised plan results to historical performance
|
|