Module Information
Course Delivery
| Delivery Type | Delivery length / details |
|---|---|
| Lecture | In Semester 1, there will be 1 x 2 hour lecture per week, and in Semester 2, there will be 1 x 1 hour lecture per week |
| Practical |
Assessment
| Assessment Type | Assessment length / details | Proportion |
|---|---|---|
| Semester Assessment | Spreadsheet Outcomes assessed: 2, 5 | 5% |
| Semester Assessment | Investment appraisal report Outcomes assessed: 4, 6 | 30% |
| Semester Assessment | Business planning case study Outcomes assessed: 1, 2, 3, 4, 5, 6 | 65% |
| Supplementary Assessment | Case study, covering all outcomes | 100% |
Learning Outcomes
On completion of this module students will be able to
1. Understand the requirements when planning farming businesses.
2. Construct fully detailed farm business plans (including financial statements).
3. Understand and appreciate the effects of different trading structures.
4. Appreciate informational requirements of financial institutions in lending assessments.
5. Appreciate the different techniques and resources available for planning.
6. Understand and evaluate investment decisions.
Aims
To introduce students to whole business planning techniques. These techniques will include business and personal aspects, uncertainty and risk analysis and business distress and failure. Alternative structures for farming businesses will be examined. Investment analysis and appraisal will also be covered.
Content
The object of this module is to introduce students to farm planning and advanced farm management techniques, uncertainty and risk analysis and business distress and failure. Alternative structures for farming will also be examined. Investment appraisal techniques will be investigated and assessed.
Transferable skills
The Investment Appraisal Report and the Business Planning Case Study are independent pieces of work.
.2 IT and information handling
Case study submission is word processed.
Data analysis using spreadsheets
.4 Writing in an academic context
Both reports will develop this skill.
Reading List
Barnard A and Nix J (1979) Farm planning and control 2nd CUP Primo search Dale B and Cooper C (1992) Total quality and human resources Blackwell Primo search Hardmans J P Hardmans tax rates and tables CCH Publications Primo search Paice D A (1982) Critical path analysis basic techniques Longman Primo search Agricultural Budgeting and Costing Book No 41 Agro Business Consultants Primo search (1992) Croner's Farm Business Management Corner Publications, London Primo search
Notes
This module is at CQFW Level 6