Farm management economics
Dr Bill Schroder
6 points * One 3-hour class per week * First semester * VCAH, Dookie
Objectives On completion of this subject students should be able to: understand the application of accounting principles to the farm enterprise; establish gross margins for agricultural enterprises and prepare partial, and whole farm budgets.
Synopsis Farm accounting, gross margin analysis, budgeting, opportunity cost, marginal analysis, production economics, supply and demand theory, the determinants of supply for agricultural products.
Assessment Case studies (2000 words): 20% * Examinations (3 hours): 80%
Prescribed texts
Kay B D Farm management: Planning control and implementation McGraw-Hill, 1986.