Full Title:Farm Business Management
Module Code:MGMT S6001
 
Credits: 5
Valid From:Semester 1 - 2013/14 ( September 2013 )
Module Delivered in 2 programme(s)
Module Description:This module familiarises students with the current structure of the Irish agricultural industry and the changing role that it plays in the economy.It introduces them to farm accounting and describes how the use of business management techniques can increase profitability on a farming enterprise.
Learning Outcomes:
On successful completion of this module the learner should be able to
  1. Practice effective note-taking in lectures and during study and research.
  2. Explain the structure of the agricultural industry, the role it plays in the national economy and basic principles of agricultural economics.
  3. Outline and apply principles of time management with particular reference to farming.
  4. Explain basic accounting procedures, principles and systems for farmers.
  5. Apply principles of record keeping and filing.
  6. Complete a software accounting package from farm case study data.
 

Module Content & Assessment

Indicative Content
Study Skills
Note taking for written and oral delivery; Reading techniques for research; Close reading for meaning; Motivation; Goal setting.
Reading and Writing Skills
Plan and structure a range of formal and informal documents. Identity parts of speech, rules of grammar and punctuation. Read, interpret and summarise articles.
Agriculture in the Irish economy
Sectors of the Irish agriculture and food industry; Trends in agriculture at local, national and international level; Contribution of agriculture to the economy; Teagasc National Farm Survey; Government agencies and departments that support agriculture.
Time Management
What is time management? Signs of poor time management; Time management challenges during study and work; Principles of effective time management.
Introduction to Agricultural Economics
Economic principles; Factors of production in farming; Motivations of farmers; Economies of Scale; Supply and demand.
Farm Accounting
Accounting procedures and systems for farmers Farm account terminology Accounting principles and concepts Record keeping and filing on the farm; Recording farm assets and liabilities; Recording and reconciling livestock movements; Using software accounts packages for farms.
Assessment Breakdown%
Course Work50.00%
End of Module Formal Examination50.00%

Full Time

Course Work
Assessment Type Assessment Description Outcome addressed % of total Marks Out Of Pass Marks Assessment Date Duration
Project Students will carry out an individual project relating to a current topic covered in the course. 1,2,3 20.00 0 0 Week 8 0
Continuous Assessment CA on record keeping 1,5 10.00 0 0 Week 10 0
Project Students will be required to complete a full manual set of accounts from farm case study data. 6 20.00 0 0 Week 12 0
No Project
No Practical
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Marks Out Of Pass Marks Assessment Date Duration
Formal Exam End-of-Semester Final Examination 2,3,4,5 50.00 0 0 End-of-Semester 0

DKIT reserves the right to alter the nature and timings of assessment

 

Module Workload & Resources

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 4.00 Every Week 4.00
Directed Reading No Description 2.00 Every Week 2.00
Independent Study No Description 2.00 Every Week 2.00
Total Weekly Learner Workload 8.00
Total Weekly Contact Hours 4.00
This course has no Part Time workload.
Resources
Recommended Book Resources
  • Teagasc 2011, Introduction to Agribusiness, Teagasc
  • Teagasc 2008, Management Data for Farm Planning, Teagasc
  • Burns T. 2012, Essential Study Skills: the complete guide to success at university., Sage
  • Teagasc 2012, Cash Accounts Workbook, Teagasc
  • Keegan, D. et al 2009, Whole Farm Planning, Teagasc
  • Barkley, A, and Barkley P.W. 2013, Principles of Agricultural Economics, Routledge
  • Rynne, P et al 2002, Records and Accounts, Teagasc
Supplementary Book Resources
  • O'Hagan, J., and Newman, C. 2012, The economy of Ireland: national and sectoral policy issues, 11th Ed., Gill & Macmillan
  • Eneyew, E. 2011, Farm Management: Concepts, principles and application, VDM Verlag Dr. Müller
  • Drummond, H.E., and Goodwin J.W. 2010, Agricultural Economics, 3rd Ed., Prentice Hall
  • Cottrell, S. 2008, The Study Skills Handbook, Plagrave Macmillan
Recommended Article/Paper Resources
Other Resources

Module Delivered in

Programme Code Programme Semester Delivery
DK_SAGRI_8 Bachelor of Science (Honours) in Agriculture 1 Mandatory
DK_SAGRI_C Higher Certificate in Science in Agriculture 1 Mandatory