209-253 Farm Management II

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Subject Description

At the end of the course students should be able to:

• understand the strategic management process and its application to farming;

• develop a strategic business plan to improve the productivity and profitability for a farm or rural business giving due consideration to enterprise selection, business risk and changing business environment;

• and complete a comprehensive financial analysis of plan · Interpret and critically analyze the project's results, draw rational conclusions and identify key success factors.

Students will undertake a number of case studies to develop strategic management skills before undertaking a project of significant size which exhibits original investigation, analysis and interpretation and which results in the production of a well-written and presented report.

Assessment

One two-and-a-half-hour written examination worth 40% of final marks, two assignments equivalent to 3000 words and worth 30% of final marks each.

Prescribed Texts

• Coulthard, Howell and Clarke, Business Planning - The Keys to Success. (1996), MacMillan Education Australia Pty Ltd, South Melbourne.
• Makenham and Malcolm, The Farming Game Now. (1993),Cambridge Press.