Module: Farm Business Management

Module details

  • Module code

    3100
  • Module leader

    Rita Walsh
  • Module Level

    6
  • Module credits

    15
  • Min study time

    150 hours
  • Contact hrs

    30 hours
  • Teaching Period

    Semester 2

Module content

  • Record keeping, accounting and finance for farming businesses
  • Farm business appraisal
  • Farm planning and budgeting (including labour and machinery)

Module outcomes

To achieve credit for this module, students must be able to:

  1. Understand how to administer and manage the finances of a farming business
  2. Evaluate performance of farm enterprises and the overall farming business against appropriate benchmarking standards
  3. Draw up plans and budgets and appreciate the constraints and opportunities set by physical resources and legal requirements (including those imposed by participation in government schemes)

Assessment

Assessment Description Weighting
Coursework Business plan 60%
Examination In-class test (on finance) 40%

Key texts

Students should be familiar with the content of the following:

  • Turner, J.T. and Taylor, M. (1998). Applied Farm Management. (2nd edition). Blackwell Science Ltd. Oxford. (Note this is out of print but several copies are available in the library).
  • Nix, J.S. (annual). Farm Management Pocketbook. Andersons Centre, Melton Mowbray.
  • www.farmbusinesssurvey.co.uk