This module introduces the different types of farming and land based business and leads into the process of enterprise analysis, determining variable and fixed costs, developing gross margin analysis, simple profit and loss statements, cash flows, resource appraisal and the use of management tools to help support decision making within the farming business.
To achieve credit for this module, students must be able to:
- Explain the process of undertaking a resource appraisal for a farming business and why it is crucial to a farm business plan
- Assess the performance of a business against industry standards
- Demonstrate an understanding of the use of business planning in order to support decision making
|Coursework||Individual Report - Resource Appraisal||60%|
|Coursework||Group Report - Enterprise Plan||40%|
Assessments may differ in 2020/21 due to adjustments for Covid-19. Please check Gateway for the latest regulations.
Students should be familiar with the content of at least one of the following:
- Agro Business Consultants (annual). Agricultural Budgeting and Costing Book. Agro Business Consultants.
- Barnard, C.S. and Nix, J.S. (1979). Farm Planning and Control. 2nd edn. Cambridge University Press.
- DEFRA (2004). Getting Started in Farm Management Accounting: Part 1: Using the Farm Accounts to Point the Way. (PB; 8916A). Department for Environment, Food and Rural Affairs (DEFRA).
- DEFRA (2004). Getting Started in Farm Management Accounting: Part 2: Mapping Out a Farming Future. (PB; 8916B). Department for Environment, Food and Rural Affairs (DEFRA).
- Turner, J. and Taylor, M. (1998). Applied Farm Management. 2nd edn. Blackwell Science.