FBMT 1112 Foundations For Farm Business Management
Course Information
| Course Number | FBMT 1112 |
|---|---|
| Course Title | Foundations For Farm Business Management |
| Description | This course is an overview of the Farm Business Management Program. The student will be introduced to goal setting, self and business assessment, record keeping, and business projections to provide the foundation for personal and business management progress. Current issues affecting business management are an integral part of the course. (Prerequisites: None) |
| Total Credits | 4 |
| Total Hours | 16 |
| Instruction Type | Credits and Hours |
|---|---|
| Individualized | 4 Credits, 16 Hours |
Pre/Corequisites
None
Institutional Core Competencies
- Critical and Creative Thinking - Students will be able to demonstrate purposeful thinking with the goal of using a creative process for developing and building upon ideas and/or the goal of using a critical process for the analyzing and evaluating of ideas.
Course Competencies
- Identify your current level of business exposure risk.
- Identify steps in the decision-making process.
- Determine the annual labor needs for your farm business.
- Identify the capital needs of the business; (i.e. buildings, land, and equipment).
- Identify balance sheet ratios.
- Determine the farm credit needs of your operation.
- Construct the cash flow plan.
- Apply enterprise budgeting concepts.
- Develop enterprise budgets.
- Identify current issues related to the farm business.
- Assemble business, family, and personal goals.
- Explain financial plans with stakeholders.
SCC Accessibility Statement
South Central College strives to make all learning experiences as accessible as possible. If you have a disability and need accommodations for access to this class, contact the Academic Support Center to request and discuss accommodations.
North Mankato: Room B-132, (507) 389-7222; Faribault: Room A-116, (507) 332-7222.
Additional information and forms can be found at: southcentral.edu/disability
This material can be made available in alternative formats by contacting the Academic Support Center at 507-389-7222.