AGRI12004 - Farm Business Management

General Information

Unit Synopsis

This unit introduces the fundamental principles and applications in farm business management, including strategic planning, business plans, business assessment and viability, business law, taxation and current economic, environmental and social issues impacting on agricultural enterprises. It will enable you to focus on the meaning and scope of farm business management, how to gather relevant information for making decisions on the farm, and how to use business analysis tools in the decision-making process. You will have access to real farm business scenarios to provide a strong context to underpin the principles.

Details

Level Undergraduate
Unit Level 2
Credit Points 6
Student Contribution Band 3
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites

AGRI11005 Agricultural Business Planning

Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 3 - 2019

Term 2 - 2020 Profile
Online
Rockhampton
Term 2 - 2021 Profile
Bundaberg
Emerald
Rockhampton

Attendance Requirements

All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Assessment Overview

Recommended Student Time Commitment

Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Assessment Tasks

Assessment Task Weighting
1. Group Discussion 10%
2. Group Work 40%
3. Presentation and Written Assessment 50%

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%).

Consult the University’s Grades and Results Policy for more details of interim results and final grades

Past Exams

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Previous Feedback

No previous feedback available

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Source: Moodle - Have Your Say
Feedback
Some topics appear to been covered in a first year unit, hence some repetition.
Recommendation
This issue is currently being addressed as part of the rejuvenation of the Agriculture program. The exercise will eliminate repetitive topics.
Action Taken
In the proposed CV85 structure, FINC19011 Business Finance has been identified as a replacement of this unit (AGRI12004).
Source: Moodle - Have Your Say
Feedback
Difficult to find realistic financial records for assessments.
Recommendation
More guidance will be provided regarding financial information and data to be used in assessments. This may include the provision of typical financial records based on various agricultural industries.
Action Taken
Sample data (including financial information was provided to students for their Assessment 2.
Source: Self Reflection
Feedback
Assessment requirements and learning resources
Recommendation
Additional exemplars will be provided to students to help them with their learning and assessments. More Zoom sessions will be organised to provide students more opportunity to seek clarification on their assessments.
Action Taken
Weekly Zoom sessions were offered. Unfortunately attendance in some of these sessions was rather poor.
Source: Student feedback (Have Your Say)
Feedback
Some assessments were too large compared to their overall weighting.
Recommendation
Assessments will be revised to ensure a better alignment between the effort required and their overall weighting.
Action Taken
Nil.
Source: Student feedback (Have Your Say)
Feedback
Lack of face-to-face interaction.
Recommendation
Additional Zoom sessions will be offered at flexible times to give all students a greater opportunity to engage with the lecturer. Efforts will also be made to ensure that these sessions are more interactive engaging. Most students undertaking this unit are normally on work placement during the term.
Action Taken
Nil.
Source: Student feedback (Have Your Say)
Feedback
Assessment requirements
Recommendation
The assessment requirements will be discussed in greater detail at the beginning of the term.
Action Taken
Nil.
Source: Self reflection
Feedback
Assessment requirements and learning resources
Recommendation
Additional exemplars will be provided to students to help them with their learning and assessments.
Action Taken
Nil.
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Explain the principles of farm business management.
  2. Gather relevant data and use basic economic principles to make farm business management decisions.
  3. Develop strategic planning methods for a farm business.
  4. Use analytical tools to prepare enterprise and whole farm financial and management plans.
  5. Analyse the viability of different agricultural production enterprises.
  6. Critique the regulatory and policy environment in which agricultural enterprises operate.

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4 5 6
1 - Group Discussion
2 - Group Work
3 - Presentation and Written Assessment
Alignment of Graduate Attributes to Learning Outcomes
Introductory Level
Intermediate Level
Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4 5 6
1 - Communication
2 - Problem Solving
3 - Critical Thinking
4 - Information Literacy
5 - Team Work
6 - Information Technology Competence
7 - Cross Cultural Competence
8 - Ethical practice
Alignment of Assessment Tasks to Graduate Attributes
Introductory Level
Intermediate Level
Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9
1 - Group Discussion
2 - Group Work
3 - Presentation and Written Assessment