Couple on laptop in field
Area of Study

Agriculture Business Management

Agriculture Business Management allows for the opportunity of one-on-one instruction for beginning and/or experienced farmers, ranchers and agriculture business owners.

Agriculture Profit Maximization

TOTAL CREDITS
18
CIP:
010102-010101
BANNER:
ABPM
Certificate

The Profit Maximization Certificate focuses on basic economic concepts that enhance the financial success of an agriculture operation. Potential products to be completed in this certificate include, but are not limited to, a major business structure list, Schedule F tax schedule, enterprise production function, supply/demand graph, and a market price equilibrium graph.  

Program Learning Outcomes:

  • Understand the difference between the major business structures.
  • Prepare Schedule F tax schedule using financial data.
  • Determine enterprise production functions for their enterprises and use this information to determine profit-maximizing levels of input and output use.
  • Demonstrate using supply/demand graphs to determine equilibrium prices for products/services.

Program Requirements

Total Credits 18
Course Number Course Title Credits Details
ABM233ABM2033
Profit Maximization I 3

Lists the major business organizational structures available to agribusiness operations and compare the advantages and disadvantages of each. Document the risk management and financial responsibilities of each. (5-7.5-41.7)

ABM234ABM2034
Profit Maximization II 3

Develops an understanding of basis agricultural business taxes and their preparation. Special emphasis will be placed on alternative rules for depreciating farm property. The student will also document the income tax implications of alternative business organizational structure. (5-7.5-41.7)

ABM235ABM2035
Profit Maximization III 3

Compares the relationship between input levels and the corresponding output. Demonstrate how to calculate the production response from alternative levels of input allocation within an enterprise and among alternative enterprises. (5-7.5-41.7)

ABM236ABM2036
Profit Maximization IV 3

Defines basic economic concepts that enhance the financial success of an agriculture operation. (5-7.5-41.7)

ABM237ABM2037
Profit Maximization V 3

Analyzes production costs and revenue from an economic standpoint. Identifies the production level that allows profits to be maximized. (5-7.5-41.7)

ABM238ABM2038
Profit Maximization VI 3

Examines the concepts that determines how market prices are established in a purely competitive agriculture environment. (5-7.5-41.7)

Degree & Certificate Options

Agriculture Business Records and Business Planning

Certificate
18 Credits

Agriculture Financial Analysis

Certificate
18 Credits

Agriculture Commodity Marketing

Certificate
18 Credits

Agriculture Market Plan Development

Certificate
18 Credits

Advanced Agriculture Business Management

Certificate
18 Credits

Agriculture Profit Maximization

Certificate
18 Credits

Rural Business Entrepreneurship

Certificate
18 Credits