INSTRUCTOR:

Dr. Carlos Carpio
283 Barre Hall 

email: ccarpio@clemson.edu

OFFICE HOURS:

M W: 10:00a.m.-12:00 p.m. or by appointment

TIME & ROOM:

2:30 - 3:45 p.m. M and W; A103 P and AS Bldg
If an instructor is not in the classroom by 2:45, students may leave.

TEXT:

Kay, Ronald D., William M. Edwards, and Patricia A. Duffy, Farm Management, Fifth Edition, McGraw-Hill, Inc., New York, 2004.

COURSE OUTLINE:

I 

Introduction (chapter 2)

II. 

Economic Principles (chapters 7, 8 and 9)

III. 

Budgeting and Planning (chapter 10,11,12,13,17)

   V. 

Farm Accounts and Analysis (chapters 3,4,5, and 6)

VI.

Farm Business Analysis (chapters 5 and 6)

PREREQUISITE:

AP EC 202 or ECON 211

OBJECTIVES:

General Objective: 

To provide an introduction to farm management and to explain the principles and tools that allow successful decisions to be made.

Specific Objectives:  

1.

To develop the strategic plan of a business

                        2.

To use economic principles for the choice of input and output levels of a production process

      3. 

To develop an enterprise budget, a partial budget, a whole farm plan, and an investment analysis to aid in successful decision-making.

     4. 

To construct a cash flow statement, an income statement, and a balance sheet.

                       5.   

To analyze the financial position of the farm business

CLASS ATTENDANCE:

University policy on class attendance (see Student Handbook). According to the handbook a student may be dropped from a course for excessive absences.

DISABILITY STATEMENT FROM THE OFFICE OF STUDENT DISABILITY SERVICES:

“It is a University policy to provide, on a flexible and individualized basis, reasonable accommodations to students who have disabilities. Students are encouraged to contact Student Disability Services to discuss their individual needs for accommodation.”

CLEMSON UNIVERSITY'S STATEMENT ON ACADEMIC INTEGRITY:

"As members of the Clemson University community, we have inherited Thomas Green Clemson's vision of this institution as a 'high seminary of learning.' Fundamental to this vision is a mutual commitment to truthfulness, honor, and responsibility, without which we cannot earn the trust and respect of others. Furthermore, we recognize that academic dishonesty detracts from the value of a Clemson degree. Therefore, we shall not tolerate lying, cheating, or stealing in any form."

GRADING:

Your grade in this course will be based on your performance on homework assignments, quizzes, two regular exams, and a comprehensive final exam. There will be no exemptions from the final. The weights for these items are as follows:

Homework . . . . . . . . . . . . . . . . . . . . . . . . . . .       30%
Quizzes (unannounced) . . . . . . . . . . . . . . . . .         15%
Two exams @ 17.5% each  . . . . . . . . . . . . . . .      35%
Final exam . . . . . . . . . . . . . . . . . . . . . . . . . . .        20%
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..       100%

Grades will be assigned as follows: 

90-100 = A

80-90=B

70-80=C

60-70=D

<60=F

 There will be 10 Unannounced Quizzes. The lowest Unannounced Quiz grade will be dropped. 

IMPORTANT DATES TO REMEMBER:

Date

Event

Wednesday, January 24   

last day to drop without record

Wednesday, February 21   

Exam 1

Friday, March 2

last day to drop without grade

March 19-23

Spring Break

Wednesday, March 28

Exam 2

Wednesday, April 25

last class meeting

Thursday, May 3

final exam (8:00 am - 11:00 am)