Overview of the Farm Business Management program. Students will be introduced to goal setting, self and business assessment, and business projections to provide the fundamentals for personal and business management progress. Current issues affecting business management are an integral part of this course.
 

Basic farm business management concepts. Students will study the farm management planning cycle and develop and understanding of its relationship to family and farm business goal setting, cash and enterprise accounting principles, and tax planning.
 

Builds on the fundamentals of farm business management. The student will complete a farm business financial and enterprise analysis. Sound financial record keeping is an integral component.
 

A step-by-step procedure to close out a complete year of farm business records. This course will emphasize tax planning, completing inputs to livestock and crop enterprises, and emphasize cash and liabilities accuracy.
 

A view of the farm business and its various components. This course introduces a number of vehicles such as balance sheets, farm personal and managerial inventories, enterprise reports, and historical data.
 

 

Examines the whole farm, enterprise, balance sheet, and inventory trends. Current analysis data is compared to historical data in making future farm business planning decisions. Financial ratios are used to indicate the farm financial structure.
 

Expands on preparation and evaluation of the farm business analysis. The course provides continued guidance and perfection of business record closeout procedures, tax implications of management decisions, and continues to monitor farm business and family goals.

Uses farm system information to develop a farm financial plan. Interpretation and analysis of the farm system data will enhance the reliability of the farm plan. The comprehensive farm plan will integrate historical trends, farm and personal goals, and financial and enterprise performance of the farm business.
 

Long-term strategies to maintain and enhance the farm business and personal future financial goals. The student will complete the year by preparing for an accurate, usable business analysis.
 

Development and implementation of a comprehensive farm business strategic plan. The student will use the components of the Farm Business Management program to develop and support a farm business strategic plan.
 

Assists in the preparation of improved farm system management procedures. Students in the course will evaluate several years of an improved farm system analysis.
 

Exploration of possible implications and/or solutions to the farm business analysis. A systematic method to assess farm business strengths and weaknesses based on the analysis will be used.
 

Continuation of FBM 231.
 

Continuation of FBM 232.
 

Continuation of FBM 233.
 

Alternative tax management plans. The student will estimate farm business tax liability based on his or her own records and will develop a plan to make changes in final tax liability.
 

OOverview of legal issues affecting ownership, operation and transfer for business operators and managers.
 

Special topics in marketing.
 

Continuation of FBM 261.
 

Continuation of FBM 262.
 

Continuation of FBM 263.
 

Basic computer literacy. Students will identify commonly used software and demonstrate its use.
 

Application of various financial instruments used in acquiring capital for use in business. Students will investigate ways in which both earnings and financial progress can be measured.