Eminent domain, the appraisal of property in transition, and specialized property will be covered. S Practical considerations of agricultural trade and trade policy analysis are reviewed. The role of international institutions is considered. Application of economics and business principles by firms engaged in fish farming. Basic microeconomic theory is reviewed and applied to aquacultural enterprises.
Stress is given to financial management, investment analysis, and marketing management.
Public policy affecting aquaculture is also discussed and international aquaculture development reviewed. A major part of the course will be a case study in which a detailed analysis of a farm, agribusiness or environmental situation will be made with students making formal written and oral presentations of results. Topics include a review of laws, agencies, programs, court structure, torts, taxation, biotechnology, land and water use, regulated industry and environmental liabilities as they relate to agriculture and natural resources. S Review of public agricultural policy programs in the United States and a critical examination of current and proposed government policies and programs affecting the agriculturall sector of the economy. Included are economic considerations as related to past and current farm price and income problems.