AGRI12004 - Farm Business Management
Term 2 - 2017


All details in this unit profile for AGRI12004 have been officially approved by CQUniversity and represent a learning partnership between the University and you (our student). The information will not be changed unless absolutely necessary and any change will be clearly indicated by an approved correction included in the profile.

Overview

This unit introduces the fundamental principles and applications in farm business management, including strategic planning, business plans, business assessment and viability, business law, taxation and current economic, environmental and social issues impacting on agricultural enterprises. It will enable you to focus on the meaning and scope of farm business management, how to gather relevant information for making decisions on the farm, and how to use business analysis tools in the decision-making process. You will have access to real farm business scenarios to provide a strong context to underpin the principles.

Details

Career Level Undergraduate
Unit Level Level 2
Credit Points 6
Student Contribution Band 3A
Fraction of Full-Time Student Load 0.125

Pre-requisites or Co-requisites

AGRI11005 Agricultural Business Planning

Attendance Requirements

All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Offerings

Term 2 - 2017
  • Bundaberg
  • Emerald
  • Rockhampton

Website

This unit has a website, within the Moodle system, which is available two weeks before the start of term. It is important that you visit your Moodle site throughout the term. Go to Moodle

Recommended Student Time Commitment

Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Class Timetable

Assessment Overview

Assessment Task Weighting
1. Group Discussion 10%
2. Group Work 40%
3. Presentation and Written Assessment 50%

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University’s Grades and Results Procedures for more details of interim results and final grades.

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You may wish to view these policies:

  • Grades and Results Procedure
  • Assessment Policy and Procedure (Higher Education Coursework)
  • Review of Grade Procedure
  • Academic Misconduct Procedure
  • Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
  • Monitoring Academic Progress (MAP) Policy and Procedure – International Students
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This list is not an exhaustive list of all University policies. The full list of University policies are available on the IMPortal.

On successful completion of this unit, you will be able to:
  1. Explain the principles of farm business management.
  2. Gather relevant data and use basic economic principles to make farm business management decisions.
  3. Develop strategic planning methods for a farm business.
  4. Use analytical tools to prepare enterprise and whole farm financial and management plans.
  5. Analyse the viability of different agricultural production enterprises.
  6. Critique the regulatory and policy environment in which agricultural enterprises operate.

Alignment of Assessment Tasks to Learning Outcomes

Assessment Tasks Learning Outcomes
1 2 3 4 5 6
1 - Group Discussion          
2 - Group Work        
3 - Presentation and Written Assessment  

Alignment of Graduate Attributes to Learning Outcomes

  • Introductory Level
  • Intermediate Level
  • Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4 5 6
1. Communication
2. Problem Solving    
3. Critical Thinking
4. Information Literacy  
5. Team Work    
6. Information Technology Competence    
7. Cross Cultural Competence
8. Ethical practice  

Alignment of Assessment Tasks to Graduate Attributes

  • Introductory Level
  • Intermediate Level
  • Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8
1 - Group Discussion    
2 - Group Work
3 - Presentation and Written Assessment

Textbook Information

There are no required textbooks.

IT Resources

You will need access to the following IT resources:
  • CQUniversity Student Email
  • Internet
  • Unit Website (Moodle)
  • Financial Management for Agribusiness (ebook -accessible through CQUniversity Library). Authors: Obst, W, Graham, R, & Christie, G.; Year 2007. Publisher: Landlinks Press, Collingwood, Victoria, Australia.
  • The Farming Game - Agricultural management and Marketing. Authors: Malcolm, B., Makeham, J. and Wright, V: Year 2005. Publisher: Cambridge University Press, Victoria, Australia.
All submissions for this unit must use the American Psychological Association (APA) referencing style (details can be obtained here). For further information, see the Assessment Tasks below.
Unit CoordinatorRichard Koech (r.koech@cqu.edu.au)
Note: Check the Term-Specific section for any additional contact information provided by the teaching team
Week Begin Date Module/Topic Chapter Events and Submissions
Week 1 10-07-2017

Farming as a business

Week 2 17-07-2017

Agricultural policy environment

Week 3 24-07-2017

Legal issues in farming business

Week 4 31-07-2017

Whole farm planning

Week 5 07-08-2017

Analysing a farm business

Assessment 1 (Group Discussion) due on Sunday 13th August, 11:00PM AEST.

Vacation Week 14-08-2017
Week 6 21-08-2017

Economic principles for decision making

Week 7 28-08-2017

Analytical tools for whole farm planning

Week 8 04-09-2017

Analysing change and viability of different farming systems

Week 9 11-09-2017

Environmental and social issues impacting on agricultural practices

Assessment 2 (Economic analysis of a cropping enterprise) due on Sunday 10th September, 11:00PM AEST.

Week 10 18-09-2017

Managing risk and uncertainty in farming practices

Week 11 25-09-2017

Farming business taxation

Assessment 3 (Part A, Oral presenation) due on Sunday 24th September, 11:00PM AEST.

Week 12 02-10-2017

People management and succession planning

Review/Exam Week 09-10-2017

Assessment 3 (Part B, Risk management in a farming enterprise) due on Sunday 8th October, 11:00PM AEST.

Exam Week 16-10-2017

1 Group Discussion

Assessment Title Assessment 1: Group Discussion (10%)
Task Description

The purpose of this assessment is to critique the legal and policy environment in which farming enterprises operate, and will be based on the first three modules of the unit as well as your own past experiences. Working in groups of 2-3, select a legal and/or policy issue impacting on agricultural enterprises and critically analyse it within your group using the concepts and processes introduced in Weeks 1-3. Your group will then lead class discussions on the topic. The duration of the discussions will be about 10-15 minutes per group.

Note: Students are required to self-select group members and notify the Unit Coordinator two weeks prior to the due date for the assessment. Each member of the group needs to contribute equally to the presentation within the 10-15 minutes total presentation time.

Due date: August 13th, 11:00 AEST
Assessment Due Date Assessment 1 (Group Discussion) due on 13th August, 11:00PM AEST (Week 5)
Return Date to Students Each assessment will be returned within 10 working days of its due date.
Weighting 10%
Assessment Criteria

Assessment Criteria

You will be assessed on your persuasiveness, presentation/discussion skills, the relevance of the topic to agricultural enterprises, your knowledge on the topic, time management, and the ability to engage the audience in the discussions. In this group assessment, each member of the group gets the same mark.

More specific information about this assessment will be made available on the Moodle site from Week 2 of the term.

Conditions Minimum mark or grade - 50%
Referencing Style American Psychological Association (APA)
Submission Hard copy

Students will be assessed as they participate in the discussions.

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

6. Critique the regulatory and policy environment in which agricultural enterprises operate.

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Communication

3. Critical Thinking

4. Information Literacy

5. Team Work

7. Cross Cultural Competence

8. Ethical practice



2 Group Work

Assessment Title Assessment 2 (Group Work - Economic analysis of a cropping enterprise) (40%)
Task Description

Farm XYZ is a 400 ha property located in the Central Queensland region. The property runs a mixed farming enterprise consisting of sugar cane, oats and beef cattle. The property owns a wide range of machinery and has easy access to irrigation water. This year, 50 ha is planted to sugar cane and 10 ha to oats. The rest of the land is used to support beef cattle currently totalling 100. The farm is currently servicing a development loan of $50,000.

You have been engaged by the property owners to undertake a financial and management analysis. You are required to research and use realistic estimates of input and output data including yield, sales, machinery costs, fertiliser requirements, weed control, variable and fixed costs.

(i) In about 500 words, explain the process you would use to undertake the task; and

(ii) Determine the financial performance of the business using the following financial indicators:

  • Gross margin analysis
  • Return to total assets
  • Return to equity

Assessment Due Date Assess 2 (Group Work - Economic analysis of a cropping enterprise) is due on 10th September, 11:00PM AEST (Week 9).
Return Date to Students Each assessment will be returned within 10 working days of its due date.
Weighting 40%
Assessment Criteria

You will be assessed on your understanding of the procedures used followed in the farm business financial and management analysis, the accuracy of your calculations and the use of realistic estimates of input data. Detailed marking rubric associated with this assessment will be made available in the Moodle site.

Conditions Minimum mark or grade - 50%
Referencing Style American Psychological Association (APA)
Submission Online
Group submission

The assessment should be submitted as a MS Word (.doc or docx) or pdf file on the Moodle page of the unit.

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

2. Gather relevant data and use basic economic principles to make farm business management decisions.

4. Use analytical tools to prepare enterprise and whole farm financial and management plans.

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Communication

2. Problem Solving

3. Critical Thinking

4. Information Literacy

5. Team Work

6. Information Technology Competence

7. Cross Cultural Competence

8. Ethical practice



3 Presentation and Written Assessment

Assessment Title Assessment 3: Presentation and Written Assessment (50%)
Task Description

Part A: Oral Presentation (15%)

You are part of a team that is presenting at a Farm Business Management workshop organised for growers and producers in a regional town in Central Queensland. Those in attendance run mixed farming enterprises (crops and livestock), and are keen to acquire more skills in farm management.

You have been asked to deliver a 5-7 minute presentation on: “The application of the law of diminishing marginal returns to farm management.”

For this assessment, you are required to provide a 5-7 minute pre-recorded video of your oral presentation. You are encouraged to use suitable techniques to make your presentation more effective e.g. practical examples involving livestock and cropping enterprises; charts; and sample data.

You will be assessed on:

  • Content and layout of the presentation
  • Use of suitable examples, charts or sample data
  • Your communication skills
  • Time management

Part B: Risk management in a farming enterprise (35%)

Risk is an outstanding characteristic of Australian agriculture, and affect farming in many ways. In the context of a farming enterprise, risk may be considered as a commodity that can be sold by people who don’t wish to bear it, to people who are willing to carry it because of opportunities it creates to make profits. Discuss the statements using suitable examples. (800-1000 words).

Assessment Due Date Part A is due on 24th September, 11:00PM AEST (Week 11); Part B is due on 8th October, 11:00PM AEST (Week 13)
Return Date to Students Each assessment will be returned within 10 working days of its due date.
Weighting 50%
Assessment Criteria

Part A: Each part will be assessed for content and written expression.

Part B: You will be assessed on clarity, content, structure, relevant examples, grammar/spelling, number of words, and referencing.

Conditions Minimum mark or grade - 50%
Referencing Style American Psychological Association (APA)
Submission Online

Part A (Pre-recorded video) should be submitted in a suitable video format. Part B should be submitted as a MS Word (.doc or docx) or pdf file on the Moodle page of the unit..

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. Explain the principles of farm business management.

2. Gather relevant data and use basic economic principles to make farm business management decisions.

3. Develop strategic planning methods for a farm business.

4. Use analytical tools to prepare enterprise and whole farm financial and management plans.

5. Analyse the viability of different agricultural production enterprises.

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Communication

2. Problem Solving

3. Critical Thinking

4. Information Literacy

5. Team Work

6. Information Technology Competence

7. Cross Cultural Competence

8. Ethical practice




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