Following further teaching input on farm business management, students will be required to submit a business plan for a given farm situation. Assessment of potential and the formulation of the student's own individual plans. Viable plans for stocking and cropping as well as finance and tax plans, gross margin and capital budgeting and cash flow projections. Plans for the use of machinery and labour will also be required. Students will be expected to demonstrate compliance of their plans with the current codes of practice, SMRs and GAECs.
To achieve credit for this module, students must be able to:
- Undertake a resource appraisal and a full farm planning exercise in an unfamiliar situation.
- Prepare a business plan to cover a specific farm incorporating all of the information which would be required by a prospective partner or landlord.
- Appreciate the importance of demonstrating the compliance of any farm plan with the codes of good agricultural practice.
|Coursework||Farm business plan||100%|
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:
- McConnell, P. and Soffe, R.J. (2003) The agricultural notebook 20th edn. Blackwell Science.
- Newton, J. (2004) Profitable organic farming 2nd edn. Blackwell Science.
- Nix, J. (2015). Farm Management Pocketbook. 45th edn. Agro Business Consultants Ltd.
- Turner, J. and Taylor, M. (1998) Applied farm management 2nd edn. Blackwell Science
- Warren, M.F. (1998) Financial management for farmers and rural managers 4th edn. Blackwell Science.