AGMG 1444 AGRICULTURE RECORDS MANAGEMENT

Course Syllabus

 Fall 2008

1. TEXT:

None

2. COURSE DESCRIPTION:

Basic records needed for management and income tax reports, records of income tax reports, records of income and expense, inventories, net worth statements, budgets, production records, sources of credit, cash flow, break evens on livestock operations. Developing and maintaining good relations with financial institutions.

3. PREREQUISITES:

In a course of this nature it is imperative that the student have an agricultural background. They must make arrangements for a personal interview with the director or assistant director of the program. The interview must be requested and completed between January 15 and May 1 for the class starting the following fall semester.

4. COURSE OBJECTIVES:

General Objectives:

Emphasize the importance of records to any livestock operation. Knowing and working with financial institutions in order to obtain credit.

Specific Objectives:

• Sources of credit: major federal loans, major private loans, problems concerning loans or credits, general definitions of credit terms, building strong relations with lending institutions, and the cost of credit.
• Using arithmetic: pasture cattle, feedlot cattle, fee cost, using percentages, break-even cost of cattle, the cost of shrinkage in beef cattle.
• Production Records: main items, specific methods, yield, grazing crop production estimation, livestock production records.
• Ranch Records and Accounts: records of receipt and expense, assets and liabilities, inventory, net worth statement, analyzing, budgets, net income and return to investment.
• Accounts and records: purpose of accurate records, types of accounts, organizing account methods.
• Depreciation for tax purposes: types used, declining balance, sum of the year by digit.

V. INSTRUCTIONAL PROCEDURES

1. Lecture

1. Comments on and explanation of the topic under consideration.
2. Exploring all aspects pertaining to economics and practicality.

1. Lab

1. Visiting several ranches and feed yards within a 200 mile radius of Clarendon, Texas to study different herds and how they are managed.
2. Visiting major packing plants in the area to study the processing of our products.
3. Guest speakers from the Beef Industry pertaining to all aspects listed in the Course Description above.
4. Visiting financial institutions in the area.

1. Individual guidance on assignments.
2. Discussion and questions.

VI. INSTRUCTIONAL MEDIA:

1. Overhead projection
2. Chalkboard
3. Slide projector
4. Video
5. Data Transmission Network(DTN)
6. Guest Speakers
7. Field trips
8. Power Point

VII. STUDENT REQUIREMENTS:

See current RFO requirements

VIII. TESTING:

See current RFO requirements:

IX. GRADING SYSTEM:

1. See current RFO requirements