AGRIBUS 2520WT - Agribusiness II

Waite Campus - Semester 2 - 2023

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.

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Course Details

Course Code	AGRIBUS 2520WT
Course	Agribusiness II
Coordinating Unit	School of Agriculture, Food and Wine
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
Assessment	Assignments, case studies, Examination

Course Staff

Course Coordinator: Mr Darren Koopman

Course Timetable

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.	1,2
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.	2,3
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.	5
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.	5

Learning Resources

Required Resources

No specific text books are required for this course

Learning & Teaching Modes

Lectures will be integrated with case study tutorials to achieve the learning outcomes of the course

Workload

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 Summary

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 Detail

Assessment Task	Task Type	Due	Weighting	Learning Outcome
Assignment	Summative	Week 5	10%	1,2,9
Case study report	Formative and Summative	Week 12	50%	3,4,5
Exam	Summative	Exam Period	40%	1-10

Submission

Late Submission

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.

Course Grading

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.

Student Feedback

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.
Student Support
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
Fraud Awareness

Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator