Crookston campus
 
Crookston Campus

Agricultural Business B.S.

Agriculture and Natural Resources
Academic Affairs
  • Program Type: Baccalaureate
  • Requirements for this program are current for Spring 2018
  • Required credits to graduate with this degree: 120
  • Required credits within the major: 49 to 50
  • This program requires summer terms.
  • Degree: Bachelor of Science
The program blends a strong base of agriculture, business, and general education courses while maximizing flexibility that allows students to choose electives to fit their career interests and expectations. A wide array of challenging, satisfying, and rewarding careers await graduates as demand for trained personnel in agribusiness continues to outstrip the supply of qualified graduates. Clusters of employment opportunities include agricultural sales and marketing, agribusiness management, agribusiness finance, agribusiness information management, food marketing management, global agribusiness, and rural economic development. Program outcomes; graduates demonstrate ability to: Create and present a strategic agribusiness plan that incorporates market analysis, risk analysis, and financial analysis Select and apply investment analysis techniques and interpret results Construct, interpret, and analyze a set of coordinated financial statements, consisting of balance sheets, income statement, and statement of cash flow Demonstrate competency in the use of spreadsheets, computerized recording keeping, and financial analysis software Demonstrate knowledge and understanding of the interconnections between production, sales, and the consumption of food and fiber Evaluate the impact of cash forward contracts, commodity futures and option contracts on the buying/selling prices of commodities
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
Admission Requirements
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
General Requirements
All students are required to complete general University and college requirements. For more information, see the graduation requirements.
Program Requirements
Students must complete 40 upper division credits.
Program Requirements
Required courses - 46 credits. A minimum grade of C- is required in the following core classes, except for the communication choice.
ACCT 2101 - Principles of Accounting I (3.0 cr)
AGEC 1004 - Introduction to Agribusiness (3.0 cr)
AGEC 2310 - Agribusiness Financial Records (3.0 cr)
AGEC 2530 - Professional Agriselling (3.0 cr)
AGEC 3050 - Economics for AgriBusiness Management (3.0 cr)
AGEC 3430 - Food Marketing Systems (3.0 cr)
AGEC 3540 - Farm Business Management (3.0 cr)
AGEC 3640 - Agricultural Finance and Valuation (3.0 cr)
AGEC 4740 - Grain and Livestock Marketing (3.0 cr)
AGEC 4760 - Business Plan Development for Agribusiness (3.0 cr)
GBUS 3107 - Legal Environment in Business (3.0 cr)
GNAG 3899 - Pre-Internship Seminar (0.5 cr)
GNAG 3900 - Internship (0.5-3.0 cr)
GNAG 3901 - Post Internship Seminar (0.5 cr)
GNAG 4652 - Senior Seminar (1.0 cr)
MGMT 3200 - Principles of Management (3.0 cr)
MKTG 3300 - Principles of Marketing (3.0 cr)
Communication Choice Requirement
COMM 3008 - Business Writing (3.0 cr)
or COMM 3704 - Business and Professional Speaking (3.0 cr)
Program Requirement Elective
A minimum grade of C- is required in the following core classes.
AGRO 1183 - Field Crops: Production Principles (3.0 cr)
or ANSC 1004 - Introduction to Animal Science (4.0 cr)
or ASM 1021 - Introduction to Agricultural Systems Management (3.0 cr)
or HORT 1010 - Introduction to Horticulture (3.0 cr)
or TURF 1072 - Principles of Turf Management (3.0 cr)
Liberal Education Requirements
A minimum of 40 liberal education credits are required. Students must complete the 10 goal areas of the Minnesota Transfer Curriculum with the following specific liberal education courses required:
BIOL 1009 - General Biology [BIOL SCI, PEOPLE/ENV] (4.0 cr)
CHEM 1001 - Introductory Chemistry [PHYS SCI] (4.0 cr)
COMP 1011 - Composition I [COMMUNICAT] (3.0 cr)
COMP 1013 - Composition II [COMMUNICAT] (3.0 cr)
ECON 2101 - Microeconomics [HI/BEH/SSC] (3.0 cr)
MATH 1031 - College Algebra [MATH THINK] (3.0 cr)
MATH 1150 - Elementary Statistics [MATH THINK] (3.0 cr)
SPCH 1101 - Public Speaking [COMMUNICAT] (3.0 cr)
Technology Requirement
Take any 3 credits from the following courses. (If applicable, the course taken from below may be used to satisfy both the program and technology requirements.)
AGEC 2310 - Agribusiness Financial Records (3.0 cr)
or AGEC 3310 - Advanced Agribusiness Financial Records (3.0 cr)
or CA 1xxx
or CA 2xxx
Agriculture/Business/Communication/Technology Electives
Students must complete 18 credits selected from the following prefixes and in consultation with an adviser: ACCT, AGEC, AGRO, ANSC, ASM, CA, COMM, ENTR, EQSC, FIN, GBUS, GNAG, HORT, ITM, MGMT, MKTG, SE, SOIL, SWM, TURF, WRIT.
Open Electives
Students must take enough open electives credits to meet the 120 credit requirement for graduation.
 
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· Fall 2018

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· Agricultural Business

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· Agricultural Business B.S.
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ACCT 2101 - Principles of Accounting I
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Concepts of accounting cycle, cash, accounts receivable, inventories, plant assets, payroll. prereq: Math 1031
AGEC 1004 - Introduction to Agribusiness
Credits: 3.0 [max 3.0]
Typically offered: Every Fall
Background of American agriculture. Interrelationships of agricultural industries. Economic concepts of production, marketing, and consumption. Principles of management. Agricultural policy. Issues/trends in agribusiness.
AGEC 2310 - Agribusiness Financial Records
Credits: 3.0 [max 3.0]
Typically offered: Every Fall, Spring & Summer
Applied course in record keeping. Use of computerized system to record business transactions; manage agricultural inventories, receivables, payables, and payroll; and generate coordinated financial statements.
AGEC 2530 - Professional Agriselling
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Use of technical and agricultural knowledge in agricultural sales. Need-satisfaction approach to selling. Planning and conducting informational meetings, exhibiting at farm and trade shows, importance of service and timeliness in agribusiness, and practice in making agrisales presentations.
AGEC 3050 - Economics for AgriBusiness Management
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
Gathering, organizing, assimilating, applying information applicable to current economic environment. Behavior of individual consumers, resource owners, business firms, market operation in a free enterprise economy. Applying basic economic principles that govern profit. Elements and effects of government policy. Real-world forecasting and planning. prereq: Econ 2101 or instructor consent
AGEC 3430 - Food Marketing Systems
Credits: 3.0 [max 3.0]
Typically offered: Every Fall
Topics include frameworks for analyzing food marketing systems. Marketing institutions, food prices, marketing costs, functional/organizational issues, role of government. Grades/standards. Issues in transportation, storage, and international trade.
AGEC 3540 - Farm Business Management
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Principles of farm accounting. Financial/income statements, cash flow statements, depreciation methods, farm income tax, enterprise analysis, farm management decision making, budgeting/planning, computer analysis of farm business. prereq: 2310 or Acct 2102
AGEC 3640 - Agricultural Finance and Valuation
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Analysis of investment strategies and financing policies for farm and agribusiness firms. Liquidity, solvency, profitability. Financial documents, legal aspects of credit, financial intermediaries serving agriculture, property valuation, estate planning. prereq: 3540
AGEC 4740 - Grain and Livestock Marketing
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Students develop commodity marketing plan for grain or livestock farming operations. Topics include cash markets, grid pricing, grade premiums/discounts, contracting, crop/livestock insurance, and futures/options.
AGEC 4760 - Business Plan Development for Agribusiness
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Capstone. Application of economic, marketing, and business principles to critically evaluate a business opportunity. Identify and assess an agribusiness opportunity. Critically evaluate the potential for the business to be successful. Students develop a comprehensive business plan. prereq: 3540, 4740, MKTG 3300
GBUS 3107 - Legal Environment in Business
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Fundamental concepts of business law, with emphasis on legal system, contracts, bailments, agency, business organizations, fundamentals of commercial law.
GNAG 3899 - Pre-Internship Seminar
Credits: 0.5 [max 0.5]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Expectations/responsibilities of internships. Preparing for a job search. Presentations about internship experiences by those who have recently completed 3900. Discussions between students, staff, and invited guests.
GNAG 3900 - Internship
Credits: 0.5 -3.0 [max 9.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Supervised professional work experience in agricultural business, governmental agency. Report/consultation with faculty advisor/employer. prereq: 3899, [soph or sr]
GNAG 3901 - Post Internship Seminar
Credits: 0.5 [max 0.5]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Student who have recently completed internships prepare/deliver a PowerPoint presentation of experience/knowledge gained. Discussions between post/pre-internship students, staff, and invited guests. prereq: GnAg 3900
GNAG 4652 - Senior Seminar
Credits: 1.0 [max 1.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Survey of current literature. Preparation/delivery of special topics. Preparation of abstracts, papers, and visual aids. Evaluation of seminars. Use of library and other resources, including computer information search. Use of new technology. prereq: Sr or instructor consent
MGMT 3200 - Principles of Management
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Terminology, theories, concepts, and skills of managing. Basic functions of managing including, planning, organizing, leading, and controlling. Additional topics include decision making, business ethics, and social responsibility. prereq: Psy 1001 or instructor consent
MKTG 3300 - Principles of Marketing
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Introduction to marketing/strategic marketing process. Team development of marketing plan that implements product, pricing, distribution, promotional strategies. prereq: [Econ 2101 or 2102], [Psy 1001 or instructor consent]
COMM 3008 - Business Writing
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Practical application of writing effective business letters, memos, e-mails, faxes. Tables, other graphics. Informal/formal informational/analytical reports. Professional oral/Web presentations. Development of personal writing style. Practice of appropriate business tone, etiquette. prereq: Comp 1013, Spch 1101
COMM 3704 - Business and Professional Speaking
Credits: 3.0 [max 3.0]
Typically offered: Every Fall
Developing proficiency in communication/presentation skills in business contexts. Preparing, selecting, organizing, designing, and delivering oral messages in business situations. Meeting/group facilitation, interviewing, and professional presentations. prereq: COMP 1013, SPCH 1101
AGRO 1183 - Field Crops: Production Principles
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Principles and cultural practices used in growing certain row crops, small grains, oil crops, and specialty crops.
ANSC 1004 - Introduction to Animal Science
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Survey of the meat animal, dairy, and equine industries. Emphasis on general management principles, health care, breeding, behavior, feeding, and care of dairy cattle, beef cattle, horses, sheep, and swine.
ASM 1021 - Introduction to Agricultural Systems Management
Credits: 3.0 [max 3.0]
Typically offered: Every Fall
Overview of agricultural mechanization systems (engines, machinery, structures, processes).
HORT 1010 - Introduction to Horticulture
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Environmental considerations, planting, propagation, pruning, and protection of horticultural crops. Greenhouse/field experience.
TURF 1072 - Principles of Turf Management
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Species identification. Cultural requirements/principles for establishing, producing, and maintaining turf. Golf course turf care/maintenance.
BIOL 1009 - General Biology (BIOL SCI, PEOPLE/ENV)
Credits: 4.0 [max 4.0]
Typically offered: Every Fall, Spring & Summer
Major concepts of modern biology. Molecular structure of living things. Energy recruitment/utilization. Flow of genetic information through organisms/populations. Principles of inheritance, ecology, and evolution. Lab. prereq: High school science courses
CHEM 1001 - Introductory Chemistry (PHYS SCI)
Credits: 4.0 [max 4.0]
Typically offered: Every Fall & Spring
For students who do not need professional-level general chemistry. Atomic and molecular structure, inorganic nomenclature, chemical equations, quantitative relationships, behavior of gases, phases of matter, solution chemistry, chemical dynamics, acid/base chemistry, oxidation-reduction process, nuclear processes, introduction to organic and biochemistry. prereq: High school algebra, high school chem
COMP 1011 - Composition I (COMMUNICAT)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Process of clear, concrete, and convincing writing. Generation and discovery of subjects, revisions, editing.
COMP 1013 - Composition II (COMMUNICAT)
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Writing a research paper/s. Formulating/answering a research question. Developing an organizational/argument strategy for topic/audience. Supporting research question/argument with scholarly sources. prereq: 1011
ECON 2101 - Microeconomics (HI/BEH/SSC)
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Basic economic principles of pricing, resource allocation, consumption. Supply/demand, cost of production, consumer behavior. Competition/influences of market structure. prereq: Math 0991 or 2 yrs high school algebra or equiv
MATH 1031 - College Algebra (MATH THINK)
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Basic algebraic operations, linear/quadratic equations/inequalities, variation. Functions/graphs. Theory of equations. Exponential/logarithmic functions. Systems of equations. Mathmatical modeling/applications. prereq: 0991 or ACT math score of 20 or higher
MATH 1150 - Elementary Statistics (MATH THINK)
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Descriptive statistics, elementary probability, normal distribution, binomial distribution, confidence intervals, tests of hypotheses, correlation, regression, chi-square, ANOVA. prereq: 0991 or ACT math score of 20 or higher
SPCH 1101 - Public Speaking (COMMUNICAT)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Topic selection, research, organization, rehearsal, and extemporaneous delivery of informative and persuasive speeches.
AGEC 2310 - Agribusiness Financial Records
Credits: 3.0 [max 3.0]
Typically offered: Every Fall, Spring & Summer
Applied course in record keeping. Use of computerized system to record business transactions; manage agricultural inventories, receivables, payables, and payroll; and generate coordinated financial statements.
AGEC 3310 - Advanced Agribusiness Financial Records
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Students learn to prepare cash flow budgets, prepare enterprise reports for analysis, prepare and interpret Farm Financial Standards reports, and learn about the connection between production field and/or livestock records and financial records using a computer software program specific to agriculture. prereq: 2310