BUSN 680 Environment of Agribusiness

The systematic analysis of agribusiness decision-making and management with an emphasis on the use of case studies to illustrate different agriculture management concepts and the various issues and opportunities faced by today's agribusiness firms.

Credits

3

Offered

Summer

Outcomes

1. Understand the agribusiness industry: Define the agribusiness industry and its various sectors, including crop production, livestock management, food processing, and agricultural inputs. Gain an understanding of the economic, social, and environmental factors that shape the agribusiness environment.
2. Explore agricultural policies and regulations: Understand the role of government policies and regulations in the agribusiness industry. Explore topics such as agricultural subsidies, trade policies, environmental regulations, and food safety standards.
3. Analyze global agricultural trends and challenges: Gain knowledge of global agricultural trends and challenges, including population growth, climate change, resource scarcity, and food security. Understand the implications of these trends on agribusiness operations and decision-making.
4. Understand agricultural markets and value chains: Explore the structure and dynamics of agricultural markets, including supply and demand factors, price formation, and market intermediaries. Gain an understanding of agricultural value chains and the roles of different stakeholders.
5. Learn about sustainable agriculture practices: Explore sustainable agriculture practices, including organic farming, precision agriculture, conservation agriculture, and agroforestry. Understand the principles of sustainable resource management and the integration of environmental considerations into agribusiness operations.
6. Explore technology and innovation in agribusiness: Gain knowledge of technological advancements and innovations in the agribusiness industry, such as agricultural biotechnology, farm management software, remote sensing, and IoT applications. Understand their impact on productivity, efficiency, and sustainability.
7. Understand risk management in agribusiness: Explore risk factors in agribusiness, including weather-related risks, price volatility, market uncertainties, and pest and disease outbreaks. Learn about risk management strategies, such as insurance, diversification, and forward contracting.
8. Learn about agribusiness finance and investment: Understand the financial aspects of agribusiness, including capital investment, financial analysis, farm accounting, and credit management. Gain knowledge of financing options for agribusiness operations and investment decisions.
9. Explore entrepreneurship and innovation in agribusiness: Gain an understanding of entrepreneurship and innovation in the agribusiness sector. Learn about business planning, market analysis, product development, and strategies for growth and competitiveness.
10. Apply agribusiness concepts in real-world scenarios: Engage in case studies, field visits, and projects to apply agribusiness concepts and techniques to real-world scenarios. Develop problem-solving and critical-thinking skills in the context of agribusiness management.