FBMT 1211 Introduction to Farm Business Management
Course Information
| Course Number | FBMT 1211 |
|---|---|
| Course Title | Introduction to Farm Business Management |
| Description | This course introduces basic farm business management concepts. Students will study the farm management planning cycle and develop an understanding of its relationship to: family and farm business goal setting, cash and enterprise accounting principles, and tax planning. (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
- Explain the farm business management cycle (plan, implement, control).
- Describe a risk management assessment in all aspects of farm and non-farm operations.
- Explain tax and management depreciation.
- List income and expenses for the tax year.
- Describe farm business enterprise characteristics (i.e. crops, livestock, value added).
- Identify a comprehensive record system.
- Describe the components of a balance sheet.
- Identify available technologies for improving the farm business.
- Identify business, family, and personal goals.
- Identify current enterprise resource needs.
- List time management strategies for the operation.
- Relate how current tax return impacts your farm business.
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.