FBMT 1132 Interpreting and Using Farm System Data

Description

Interpreting and Using Farm System Data provides an opportunity for the student to view the farm business and its various components through a number of vehicles such as balance sheets, farm personal and managerial inventories, enterprise reports and historical data.

Management Credits

4

Topics to be Covered

1. Business and non-business inventory

2. Types of management data

3. Financial accounting systems

4. Business projections

5. Current farm system-related issues

6. Personal and managerial inventory

7. Data monitoring and accounting system

8. Enterprise budgeting

9. Farm plan monitoring

10. Business and personal goals

11. Income statement

12. Balance sheet data

13. Business ratios

14. Enterprise information

15. Historical farm data

Learning Outcomes

1. Construct a farm business plan

2. Create a marketing plan

3. Compare historical farm data to current performance

4. Identify key business ratios

5. Compare business profitability to benchmark data

6. Interpret current business projections

7. Revise business goals

8. Compare ownership options of capital assets within a business

9. Evaluate a farm risk management plan

10. Apply enterprise budgeting

11. Identify business plan templates

12. Evaluate personal goals