ADVANCED FARM BUSINESS MANAGEMENT

This course is about farm business management process in perspective and strategic decision analysis; farm resource use and enterprise economics. Factor-supply/farm-production/produce processing and distribution interface. Farm accounting information system, farm budgeting with linear programming applications. Fear of failure in farming and agenda for adjustment in modernizing agriculture.  Each farm, like any other agribusiness firm, is a complex business. Most farms are organized as sole proprietorships or as family businesses, like many other small businesses, but farmers must understand a broader array of management activities: manage biological productive processes, evaluate and adopt new technology, devise and carry out marketing strategies, arrange financing, deal with personnel, and use communication technology to their advantage.                                                                                                                                                                                                                                                            Objectives:This course provides students with an opportunity to integrate their knowledge and academic training in:-

• Agricultural Economics (economic theory, economic analysis, policy and trade), 
• Business (accounting, finance, operations and strategic management), and;
• Other agricultural sciences through practical case work within developing countries.
• Developing a broad knowledge and a conceptual base in the field of farm business management