Course:FRE515

From UBC Wiki
Jump to: navigation, search
Agribusiness Management
Wiki.png
FRE 515
Section:
Instructor: Dr. Karen Taylor
Email: kwtaylor185@gmail.com
Office: TBD
Office Hours: Wed 1:30-2:30pm

or by appointment

Class Schedule: Wed 10am-1pm
Classroom: TBD
Important Course Pages
Syllabus
Lecture Notes
Assignments
Course Discussion

Course Description

This is an introductory course in agribusiness management designed specifically for Master of Food and Resource (MFRE) students with or without previous business experience. Topics covered include accounting, finance, marketing, operations, human resources, leadership, quality assurance, crisis management, ethics, and sustainability.

Course Goals

  • Students will further develop their understanding of agriculture and business; how the two must go together in order for agribusinesses to be successful.
  • Students will analyze four cases (including three site visits) to learn about agriculture and business from successful, sophisticated agribusiness owners.
  • This course is a unique opportunity for students to learn theory, see real world agribusinesses, and then use theory to enhance managerial decision-making in a variety of contexts.

Course Format

This is a Case Study based class. Each case will cover 3 weeks:

  • Week 1: Introduction of the case, explanation of the business, the industry, the theory, the issues, and discussion of the assignment.
  • Week 2: Site visit to the agribusiness (mandatory).
  • Week 3: Submit, present, and discuss the assignment due.

Grading

Activity Percent of Grade
Class Participation 20%
Assignments 60%
Final Exam 20%
Total: 100%

Learning Assessment and Alignment

Learning Objective Assessment Strategy and Details
Students will be able to:
  1. analyze production/manufacturing practices in an agribusiness to find areas of improvement that will maximize efficiencies
  2. understand the profit function and how to determine areas of profit maximization and cost minimization
  3. critically examine a business to determine its strengths, weaknesses, opportunities, and threats
  4. explore how agribusinesses expand and source capital
  5. appreciate the critical role that the uniqueness of agriculture plays in a business

A. Class Participation (20%):

  • Participation of all students in attending lectures and site visits is critical.
  • Participation of all students in class discussions will with learning and is strongly encouraged.
  • The instructor will conduct quantitative and qualitative assessment of participation.

B. Assignments (60%):

  • Assignments help students learn the course objectives.
  • A total of four (4) assignments will be completed individually and in groups.
  • Assignments will be a combination of presentations, written proposals, and discussions.
  • Main criteria for assessment include: quality of presentation and written proposals, accuracy, critical thinking, and justification of solution.

C. Final Exam (20%):

  • Includes both quantitative and qualitative questions.
  • Consists of multiple-choice questions, written questions, and a case study that will require evaluation and recommendations.
  • Main criteria for assessment include: accuracy of answers, critical thinking, and clear evidence of learning.

Course Materials

A combination of theory and real world examples will be used in this class. Readings from a variety of textbooks will be made available to students to read and learn the theory. Case information will be provided to students, including information on the industry and the agribusiness.

Class Outline

Date Class Topics Resource Material
CASE 1 - PRODUCTION MANAGEMENT IN AGRIBUSINESS
January 7
  • Management practices used in Agribusiness
  • What is LEAN?
  • What are the costs and benefits of LEAN?
  • How can LEAN be applied to Agribusiness?
  • Case Study: Mushroom Agribusiness
TBD
January 14 Site Visit - Wed 9am-2pm (Mushroom Farm in Langley, BC)
January 21 Assignment #1 Due and Class Discussion
CASE 2 - LIVESTOCK PRODUCTION & OPERATING UNDER SUPPLY MANAGEMENT
January 28
  • Issues affecting Agribusinesses growing livestock
  • Information on supply managed industries
  • Impact of supply managed system on how an agribusiness operates - how is it different than competitive industries?
  • Understanding the Profit Function
  • How to max profit, given the industry
  • Calculating Return on Investment
  • Case Study: Layer Agribusiness
TBD
February 4 Site Visit - 9am-2pm (Poultry Farm in Abbotsford, BC)
February 11 Assignment #2 due and Class Discussion
SPRING BREAK FEBRUARY 16-20
CASE 3 - ANALYZING A COMPANY (FOR PURCHASE)
February 25
  • What is a Private Equity Firm? What is the objective and purpose? Source of Funds?
  • How to analyze a business, the industry, the management team, etc.
  • Critically examining the strengths, weaknesses, opportunities, and threats of a business.
  • Decision factors affecting the purchase and sale of a business.
  • Case Study: Evaluating an Agribusiness for Purchase
TBD
March 4 Guest Lecture 10am-1pm - in class (Two partners from one of BC's largest Private Equity Firms will come to class)
March 11 Assignment #3 due and Class Discussion
CASE 4 - FINANCING AN EXPANSION
March 18
  • Determining whether to expand a business
  • Calculating the cost to expand
  • Exploring the source of capital required for expansion
  • Debt, sum debt, equity investor
  • Valuing a business
  • Exiting a business
  • Calculating Return on Investment
  • Case Study: Greenhouse Agribusiness
March 25 Site Visit - 9am-2pm (Large Vegetable Greenhouse in Delta, BC)
April 1 Assignment #4 Due and Class Discussion
April 8 Wrap Up