AGRIBUS 2520WT - Agribusiness II
Waite Campus - Semester 2 - 2024
General Course Information
Course Code AGRIBUS 2520WT Course Agribusiness II Coordinating Unit Agricultural Science Term Semester 2 Level Undergraduate Location/s Waite Campus Units 3 Contact Up to 5 hours per week Available for Study Abroad and Exchange Y Assumed Knowledge AGRIC 1510WT and AGRIC 1520WT Course Description This course provides a perspective and understanding of the key components of Agricultural Business management, with a focus on the management tools used to measure business performance. There will be an emphasis on evaluating farm businesses incorporating financial, marketing, production and human resource management tools, decision making techniques, technology adoption and management of risk.
Course Coordinator: Mr Darren Koopman
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning Outcomes
On successful completion of the course students should be able to: 1 calculate and record financial aspects of a farm business using a complex spreadsheet, 2 demonstrate their understanding of farm financial analysis, including the influence of physical, financial and human resources, 3 discuss the key aspects of new products and enterprises possible for a farm business and how to choose a new enterprise, analyse its potential and integrate it into an existing business, 4 understand the need for careful management of a business' human resources 5 understand the process of recruitment both from the applicant's and employer's point of view 6 discuss the key aspects of industrial relations laws and processes as they apply to a rural business 7 discuss the impact of planning, decision making and risk taking on a farm business 8 explain the imperatives of productivity, improvement, innovation, and superior business management performance by farm managers 9 discuss key principles of production economics theory, and its relevance to management decision making 10 explain the key concepts of risk management including forward contracts, futures and hedging options, and the application of futures and options to 'over the counter' risk management products
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s)
Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
Attribute 5: Intercultural and ethical competency
Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.
Attribute 6: Australian Aboriginal and Torres Strait Islander cultural competency
Graduates have an understanding of, and respect for, Australian Aboriginal and Torres Strait Islander values, culture and knowledge.
Attribute 7: Digital capabilities
Graduates are well prepared for living, learning and working in a digital society.
Attribute 8: Self-awareness and emotional intelligence
Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.
Required ResourcesNo specific text books are required for this course
Learning & Teaching Activities
Learning & Teaching ModesLectures will be integrated with case study tutorials to achieve the learning outcomes of the course
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.The course has five hours of teaching time per week allocated for lectures, tutorials, and practicals.
Learning Activities Summary
Schedule Week 1 Introduction to the course, Agriculture, Business and Agribusiness, Cashflow management Week 2 The business planning process Week 3 Alternative business structures, Succession and Estate planning Week 4 Options for land use, information management, physical records Week 5 Gross margin budgets Week 6 Price risk management, allowing for risk and uncertainty Week 7 Financial records Week 8 Markets and marketing Week 9 Whole farm and development budgets Week 10 Business administration and information managemnt Week 11 Budgeting for change, partial budgeting Week 12 Financial Analysis, Business profitability, Financial performance indicators
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Task Task Type Weighting Hurdle Learning Outcome Due Assignment Summative 10% No 1,2,9 Week 5 Case study report Formative and Summative 50% No 3,4,5 Week 12 Exam Summative 40% No 1-10 Exam Period
Assessment Task Task Type Due Weighting Learning Outcome Assignment Summative
10% 1,2,9 Case study report Formative and Summative Week 12 50% 3,4,5 Exam Summative Exam Period 40% 1-10
If an extension is not applied for, or not granted then a penalty for late submission will apply. A penalty of 10% of the value of the assignment for each calendar day that the assignment is late (i.e. weekends count as 2 days), up to a maximum of 50% of the available marks will be applied. This means that an assignment that is 5 days late or more without an approved extension can only receive a maximum of 50% of the marks available for that assignment.
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending
Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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