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Farm Business Management & Finance

Course number : QAGR 251   ID : 1231   
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ClassGraphic This Micro Credential course compares the different types of business entities, enterprise budgeting, capital budgeting, investment analysis, and the importance of successful farm transition and succession planning.

The importance lays in building a strong business plan. A business plan is an overview including a SWOT analysis, marketing plan, operational plan, human resource plan and financial plan. An enterprise budget deals with the rapid changes in production and economic conditions. Strong planning equals increased returns. There are programs to assist in building enterprise budgets.

Capital budgeting is used to determine which proposed fixed asset purchase should be accepted and which should be declined. An avoidance analysis determines whether increased maintenance can be used to prolong the life of an existing asset rather than investing in replacing assets.

Return on investment is a simple ratio that divides the net profit (or loss) from an investment by its cost, expressed as a percentage to compare the effectiveness of different investment choices.

Lastly, in this Micro Credential course, the importance of succession planning and passing the legacy from one generation to another can be voluntary or involuntary. There are three areas of family farm: family, ownership and management. In closing, we discuss the components of a farm succession plan and the importance of each.

You can apply farm business and finance to your operation and management decisions.

 

Class Details

0 Session(s)

Location
NA - Online

Instructor
Nadine Farkash 

Start Date:upon registration

 

Notice

Please read:  You have one month to complete upon registration.

Tuition: 

$295.23


Registration Closes On
Sunday, June 30, 2024 @ 11:59 PM

Schedule Information

Date(s) Class Days Times Location Instructor(s) Instructional Method
N/A - Online Nadine Farkash  Online