Course Covers:
- Gross Margin Analysis
- Farm Budgets
- Records
- Labour and tractor planning
- Management of the farm business
Course Outcomes:
Outcome 1: Gross Margin Budgeting System
Understand the gross margin budgeting system for the farm business with an example of how it works.
Outcome 2: Gross Margin Learning Programme
Complete the learning programme on the gross margin budgeting system.
Outcome 3: Partial Budgets
Gain a deeper understanding of partial budgets and work through examples thereof.
Outcome 4: Break-Even Budget
Understand the principles of the break-even budget; calculate forage hectares for livestock and plan for the most limiting factor on the farm.
Outcome 5: Cash Flow Budget
Gain an understanding of a cash flow budget.
Outcome 6: Complete Farm Budgets
Understand complete farm budgets and be able to plan and allocate resources. Improve farm profitability by using the gross profit margin system and identify the limitations of budgeting.
Outcome 7: Factors Affecting Gross Output
Understand and identify the factors affecting gross output, variable costs, and record keeping.
Outcome 8: Record Keeping for Planning
Implement record-keeping systems for tractor and labour planning.
Outcome 9: Beef Production Profitability
Understand the factors affecting the profitability of the beef production enterprise.
Outcome 10: Pen-Fed Cattle Profitability
Understand the factors affecting the profitability of the pen-fed cattle production enterprise.
Outcome 11: Dairy Production Profitability
Understand the factors affecting the profitability of the dairy production enterprise.
Outcome 12: Sheep Production Profitability
Understand the factors affecting the profitability of the sheep production enterprise.
Outcome 13: Pig and Poultry Production Profitability
Understand the factors affecting the profitability of the pig and poultry production enterprise.
Outcome 14: Farm Business Management
Understand the management, planning, organising, motivating, and control required in the farm business.
Outcome 15: Managerial Efficiencies and Agreements
Understand managerial efficiencies, service agreements, and employee agreements for a successful farm business.