> Farm/Ranch Business Management

Description

The Farm/Ranch Business Management Program is an educational effort to assist farm families in achieving business and personal goals. The focus of this program is to improve the profitability of the farm/ranch business by keeping detailed production and financial records. Instructors conduct monthly on-the-farm training sessions with individual farm families. The actual farm/ranch transactions are entered into a computer where monthly and annual printouts are generated. Computer hardware and software is provided by Bridgerland Applied Technology College. Cash flow projections/analysis, income tax planning, management decisions, and loan applications become much simpler with current information. All individual records are kept strictly confidential. Some computer literacy is also taught as cooperating families learn a software accounting program.

Areas of Emphasis:
  • Balance Sheets
  • Cash Flow Projections
  • Enterprise Analysis
  • Profit/Loss Statements


Farm/Ranch Business Management (Core):
Topics Covered:
  • Farm Computer Record Keeping I
  • Beginning Inventory Assessment
  • Financial Statement
  • Profit and Loss Statement
  • Cash Flow Statement and Budgeting
  • Complete Farm Business Analysis
  • Year-End Inventory Assessment
  • Year-End Trend Analysis
  • Year-End Ratio Analysis


Farm/Ranch Business Management (Advanced):
Topics Covered:
  • Farm Computer Record Keeping II
  • Corporation, Partnership, or LLC
  • Leases
  • Tax Planning Strategies
  • Marketing and Contracting through Exchanges
  • Payroll
  • Multi-Year Comparison
  • Whole Farm Analysis

Quick Facts:

Location(s)

Main Campus (Logan)
West Campus (Logan)
Brigham City
Rich County

Estimated Tuition & Fees:

$210 for the basic core courses and an additional $30 for the advanced courses per calendar year - this is an estimate. Course fees may vary.

Duration:

Varies

Estimated Monthly Payment:

None

Pell Grant Eligible:

No

Estimated Books and Supplies:

Not available

Availability:

Monthly on-the-farm visits

Special Requirements:

Individual must own and/or operate his/her own farm or ranch.



Employment Outlook

Students in this program are currently owning and/or operating a farm or ranch. According to the Bureau of Labor Statistics, job prospects for agricultural workers should be strong as workers frequently leave the occupation due to the intense, physical nature of the work. This is especially true for agricultural equipment operators and crop, greenhouse, and nursery farmworkers. Those who work with animals tend to have a more settled lifestyle because the work does not require them to follow crops for harvest.

Online/E-learning Components

This specialization is delivered face-to-face and may contain online components.

What others are saying

"They have really helped me manage my business. I don't know what I would do without them!"

-Student

July 22, 2014