AERD30190 Farm Business Management

Academic Year 2020/2021

The focus of the module is on providing students with a working knowledge of techniques and principles of farm business financial analysis, planning and strategic decision-making. The module content includes: operational and strategic principles of farm business management; preparation and analysis of farm management accounts; application of farm planning techniques: enterprise, partial, breakeven and whole farm budgets; farm financial control and cash flow budgeting; assessment and management of risk in farm decision-making.

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Curricular information is subject to change

Learning Outcomes:

The module aims to enable students to apply management theory and techniques to address farm decision problems. On successful completion of the module students should be able to: describe the rationale for and process of development of a farm business strategy; prepare and analyse farm management accounts; apply key farm planning techniques (partial budgets, breakeven budgets, whole farm budgets); describe procedures for farm budgetary control; analyse and evaluate management strategies to control risk in farm management decision making.

Student Effort Hours: 
Student Effort Type Hours
Lectures

30
Specified Learning Activities

20
Autonomous Student Learning

50
Total

100
Approaches to Teaching and Learning:
The approach will involve a mixture of active/task-based learning together with online lectures and tutorials.


 
Requirements, Exclusions and Recommendations
Learning Requirements:

An introductory module in Business Management such as AERD20030 or equivalent.

Learning Recommendations:

Students should have a sound basic understanding of livestock and crop production enterprises common to Irish farms. In particular, this should include knowledge of popular terminolgy relating to farm production enterprises.


Module Requisites and Incompatibles
Not applicable to this module.
 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Continuous Assessment: Assessments and/or assignments (approx. 5 - 7) to be held throughout the trimester. Throughout the Trimester n/a Graded No

100

Carry forward of passed components
Yes
 
Resit In Terminal Exam
Spring Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Feedback individually to students, post-assessment

How will my Feedback be Delivered?

Feedback for the final exam can be requested by a student by appointment with the lecturer.