Economic theory with application to production, marketing, and financing in agribusiness. Institutions such as cooperatives, farm credit systems, foreign agricultural trade, and government will be emphasized. The impact of agricultural policy on the farm firm and agribusiness industry.
Emphasis is placed on policy issues affecting producers and consumers of agricultural products.
Economics principles applied to individual farm organization and management and study of farm accounting systems. Reviews, reports, and discussion of current problems in Agriculture and related fields. Natural Resource Economics. Costs and benefits of various approaches to natural resource management. Analysis of financial investments in the agricultural firm, credit sources, debt repayment, capital allocation, and the use of short, intermediate, and long-term credit.