AERD30190 Farm Business Management

Academic Year 2022/2023

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 basic farm management accounts; application of farm planning techniques: enterprise, partial 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 basic farm management accounts; apply key farm planning techniques (partial 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:
This module will involve a mixture of active/task-based learning together with lectures and tutorials, delivered in a blended approach.


 
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
Examination: Mid trimester examinations (approx. 2) to be held at various times throughout the trimester. Varies over the Trimester No Graded No

70
Examination: End of trimester exam details of which will be provided in during the trimester 1 hour End of Trimester Exam No Graded No

30

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

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

General class feedback will be provided to students post assessment. Individual feedback will be provided upon request and by appointment with the lecturer.