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Agricultural Business Minor

Agriculture and Natural Resources
Academic Affairs
  • Program Type: Undergraduate minor related to major
  • Requirements for this program are current for Spring 2023
  • Required credits in this minor: 21 to 22
The agricultural business minor gives students a broad understanding of marketing techniques, livestock and grain commodities, financing, and economics of agriculture. This minor complements many of the agriculture-based majors as well as business such that students learn valuable information regardless of whether they work in lending, consulting, sales, or run their own business.
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
  • completely online (all program coursework can be completed online)
Minor Requirements
A minimum grade of C- in any course in the Agricultural Business Minor will be required.
Agricultural Business Minor
Take exactly 7 course(s) totaling 21 or more credit(s) from the following:
· AGEC 2530 - Professional Agriselling (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)
· Choose one of the following:
· ACCT 2102 - Principles of Accounting II (3.0 cr)
or AGEC 2310 - Agribusiness Financial Records (3.0 cr)
· Choose one of the following:
· COMM 3008 - Business Writing (3.0 cr)
or COMM 3704 - Business and Professional Speaking (3.0 cr)
or MGMT 3210 - Supervision and Leadership (3.0 cr)
· Choose one of the following:
· AGEC 3430 - Food Marketing Systems (3.0 cr)
or AGEC 3440 - Fundamentals of Value Added Agriculture (3.0 cr)
Program Sub-plans
A sub-plan is not required for this program.
Online
The curriculum requirements for the online Agricultural Business Minor are the same as the on-campus Agricultural Business Minor program requirements with the addition of GBUS 1005 - Orientation to Online Learning. The Agricultural Business Minor online track requires a minimum of 22 credits within the major.
Orientation to Online Learning
Take 1 or more course(s) totaling 1 or more credit(s) from the following:
· GBUS 1005 - Orientation to Online Learning (1.0 cr)
 
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AGEC 2530 - Professional Agriselling
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
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 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. Enforced prereq: AGEC 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. Enforced prereq: AGEC 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.
ACCT 2102 - Principles of Accounting II
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Modern accounting concepts. Liabilities, partnerships, corporations, statement of cash flows, and financial statements analysis. Enforced prereq: ACCT 2101
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.
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 or 6 credits of writing
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.
MGMT 3210 - Supervision and Leadership
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Emphasis on organizational environment/human behavior. Human resource systems, motivating employees, leadership, managing change, job satisfaction, communication, group processes, interpersonal/group dynamics within organization.
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 3440 - Fundamentals of Value Added Agriculture
Credits: 3.0 [max 3.0]
Typically offered: Every Fall
Explore different aspects of value added agriculture as it relates to the production or manufacturing processes, marketing, or services that increase value of primary commodities or appeal to the final consumers.
GBUS 1005 - Orientation to Online Learning
Credits: 1.0 [max 1.0]
Typically offered: Every Fall, Spring & Summer
Introduction to UMC policies, e-mail, virtual private network, online library resources, writing scholarly reports, APA referencing, netiquette, networking in online environment, group work in online environment.