This course is designed to integrate skills and competencies from the agricultural economics curriculum into a cohesive decision making system that includes marketing, financial, operations/logistics and human resource management. Students completing the course will have a deeper knowledge of these core skills and a sound understanding of how these skills interact and influence one another.
- Apply skills and competencies from the agriculture economics curriculum into an integrated decision framework applied.
- In a small group, complete an intensive examination of strategic, financial and market position of an existing agribusiness within the context capstone project.
- Define an economic problem for the existing agribusiness, propose alternatives, assess the feasibility of alternatives with appropriate methods, interpret and communicate results to a broad audience.
- Foster professional development by interacting/collaborating with business professionals in defining the goals of the capstone project, choosing methods and communicating results.
Project: A significant portion of the course asks students to develop an in-depth analysis of an existing agribusiness. This is a team project, and the team must find data to perform necessary strategic planning, financial, production and market analysis on their agribusiness. The project’s output will include an oral presentation and formal written report. At least one portion of the report must be a rigorous quantitative analysis of a critical management issue for the business. Periodic assignments during the semester will serve as components for the business project, and groups will be asked to present portions of these projects throughout the semester.
AREC 305 (Agricultural and Resource Enterprise Analysis); AREC 310 (Agricultural Marketing); senior standing