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 - 2020

There are no availabilities for this unit on or after Term 3 - 2020

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

Term 2 - 2020 : The overall satisfaction for students in the last offering of this course was 4.3 (on a 5 point Likert scale), based on a 33.33% response rate.

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: 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
Assessments were revised to better align the effort required with the weighting.
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
Live Zoom sessions were conducted throughout the term. There were no face-to-face classes because of the COVID-19 pandemic.
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
The assessment requirements were discussed multiple times throughout the term.
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
Additional exemplars were provided to the students.
Source: Moodle - Have Your Say
Feedback
Layout of lectures and tutorials on Moodle was clear and easy to follow
Recommendation
This was the last offering of this unit. However, the good aspects will be applied in other units.
Action Taken
Nil.
Source: Moodle - Have Your Say
Feedback
The unit was interesting and helped to broaden interest in the agricultural industry.
Recommendation
This was the last offering of this unit. However, the good aspects will be applied in other units.
Action Taken
Nil.
Source: Moodle - Have Your Say
Feedback
In some cases assessment word limits did not align with the amount of information requested in the marking rubrics.
Recommendation
This was the last offering of this unit.
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