Module: Farm Business Management

Module details

  • Module code

    4012
  • Module leader

    Rita Walsh
  • Module Level

    7
  • Module credits

    15
  • Min study time

    150 hours
  • Contact hrs

    36 hours

Module content

  • Business objectives
  • Resource appraisal
  • Management accounting for farm businesses
  • Farm business performance appraisal
  • Preparation of a business plan
  • Machinery planning, organisation and acquisition
  • Labour planning and management
  • Whole farm budgeting
  • Cashflow budgeting for a farm business

Module outcomes

On successful completion of this module a student should be able to:

  1. Demonstrate knowledge and critical understanding of farm business management and the key areas of business risk.
  2. Develop an understanding of the factors which affect the efficient use of the principal fixed farm resources - land, labour, machinery and capital, and their role   in creating profitable, and sustainable farm businesses.
  3. Critically evaluate farm business performance and develop solutions to problems.
  4. Demonstrate a systematic understanding of different business structures that can be used in farm and rural businesses

Assessment

Assessment Description Weighting
Coursework Farm Review presentation (15 minutes) 30%
Coursework Farm Review Report (2500 Words) 70%

Assessments may differ in 2020/21 due to adjustments for Covid-19. Please check Gateway for the latest regulations.

Key texts

Essential resources:

  • Nix, J.S. (Annual publication released in October) Farm management pocketbook. Agro Business Consultants
  • 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 (2004) Getting started in farm management accounting: part 2: mapping out a farming future.  (PB; 8916B).  Department for Environment, Food and Rural Affairs
  • Barnard, C.S. and Nix, J.S. (1980) Farm Planning & Control. 2nd Ed. Cambridge University Press
  • Turner, J. and Taylor, M. (1998) Applied farm management. 2nd ed. Blackwell Science (Note: This edition is now out of print but a number of copies are available in the library)
  • Warren, M. (1998) Financial management for farmers and rural managers. 4th ed. Blackwell Science.

Additional resources:

  • Talis