Advanced Farm Planning and Management
The focus of the module is on providing students with a working knowledge of techniques and principles to enable them to make good financial decisions, resulting in increased farm income and improved long-term viability. The topics covered by this module will help the farm business to operate at a high level of technical & financial efficiency.
This module will cover, step-by-step, the essential elements from developing a strategic plan to acquiring equipment, establishing infrastructure, assessing markets, budgeting, managing day to day operations and selecting a business structure to support long-term viability. The emphasis throughout is on using sustainable agricultural systems and managing the whole farm.
The module content includes: operational and strategic principles of farm business planning and management; preparation and analysis of farm management data; application of farm planning techniques and assessment and management of risk in farm decision-making.
Sustainable development goals referenced within the module include: No poverty, Zero Hunger, Good Health and Wellbeing, Affordable and Clean Energy, Decent Work and Economic Growth, Industry Innovation and Infrastructure, Responsible Consumption and Production, Climate Action, and Life on Land.
Distinguish the keys steps involved in the farm business planning process from an existing enterprise to the establishment of a new enterprise
Apply farm management tools and available labour-saving practices to support confident farm decision-making
Describe and evaluate the types and forms of agricultural buildings and infrastructure associated with different farming systems
Synthesise the financial supports available to the farm business
Define the role of education and knowledge transfer in the decision making process and viability of a farm business