AP EC 460/660: AGRICULTURAL FINANCE, Fall 2004

 

INSTRUCTOR: Dr. Larry L. Bauer
228 Barre Hall
656-3223
E-MAIL: lbauer@clemson.edu
OFFICE HOURS: Tuesday and Thursday: 1:30-4:00 p.m.
Call for appointment at any other time.
TIME & ROOM: 9:30-10:45 TTh, 211 McAdams
OBJECTIVES:
  1. To demonstrate the use of the various tools and techniques of financial analysis.
  2. To identify and describe the role of credit in the farm business.
  3. To use the techniques of financial analysis to analyze the usefulness of credit under different conditions.
  4. To evaluate business risk and financial risk in agricultural businesses and to describe alternative methods of risk management.

 
TEXT:

Fundamentals of Agribusiness Finance, by Ralph W. Battles and Robert C. Thompson. 2000. Iowa State Press

 
REQUIREMENTS

Students are expected to have, and know how to use, a financial calculator. Suggested model: Hewlett-Packard HP-10B

 
COURSE OUTLINE:

The table of contents of the text will be the basis for discussion. Additional material may be assigned as appropriate.

 
GRADES:

Final letter grades in each case will be assigned by ranking numerical scores. There is no predetermined score for a specific letter grade. Letter grades are assigned based on the relativity of all numerical scores.

Three exams 60%
Final 20%
Home/In class work  20%
  100%

 
ATTENDANCE POLICY:

Sstudents are expected to attend class and are responsible for material covered in any class missed, incluidng assignments and date changes for exams, etc. Attendence will be recorded each day. A maximum of three unexcused absences will be allowed, after which each absence will result in the semester grade being reduced by 2 1/2%. Arriving in class after attendence is taken will be considered a "late." Three "lates" will equal one unexcused absence.

The instructor will inform the class in advance if he will not attend a particular class, in which case arrangements will be made for a substitute instructor or other alternatives. However, in case of an absence for which no advance arrangements have been maked, students are authorized to leave after a 10-minute wait.

Student Academic Integrity Policy

Academic Dishonesty is defined as:

1. Giving, receiving or using unauthorized aid on any academic work;
2. Plagiarism, which includes the copying of language, structure, or ideas of another and attribuuting the work to one's own efforts;
3. Attempts to copy, edit, or delete computer files that belong to another person or use of Computer Center account numbers that belong to another person without the permission of the file owner, account owner or file number owner.

All academic work submitted for grading contains an implicit pledge by the student.

Schedule (Tentative, subject to change)
Date
Topic
  Aug. 19 Ch. 1-Introduction
  24 Ch 2-Agricultural Loans
  26 Ch 3-Time Value, Loan Calculations
  31 Ch 3-Time Value, Loan Calculations
  Sept 2 Ch 3-Time Value, Loan Calculations
  7 Ch 3-Time Value, Loan Calculations
  9 Ch 3-Time Value, Loan Calculations
  14 Ch 3-Time Value, Loan Calculations
  16 Ch 3-Time Value, Loan Calculations
  21 Exam 1
  23 Ch. 4-Capital Budgeting
  28 Ch. 4-Capital Budgeting
  30 Ch. 4-Capital Budgeting
  Oct 5 Ch. 4-Capital Budgeting
  7 Ch. 4-Capital Budgeting
 
12
 Ch. 4-Capital Budgeting
  14 Exam 2
  19 -------
  21 Ch. 5-Financial Statements
  26 Ch. 5-Financial Statements
 
28
 Ch. 6-Financial Statement Analysis
  Nov 2 Fall Break
  4 Ch. 6-Financial Statement Analysis
  9 Ch. 6-Financial Statement Analysis
  11 Leverage-Liquidity-Loan decision
  16 Exam 3
  18 Ch 7- Risk Management
  23 Ch 7 - Risk Management
  25 Thanksgiving
  30 Ch 7- Risk Management
  Dec 2 ----
  4 Final Exam 6:30-9:30 p.m.

This is the proposed syllabus. The official syllabus is the copy distributed in class.

Fall 2004 Course List  Ag Econ Home


Copyright 2004 by Larry L. Bauer, Department of Applied Economics & Statistics, Clemson University, Clemson, SC. 29634-0355

updated 10/12/04