Farm Management Organisation II

This course completes the technical analysis and recording of livestock farms, considering the analysis of the functioning of agricultural holdings and analysing decision-making on farms.

Objectives

Upon successful completion of this course the student will be able to: • understand the meaning of technico-economic analysis and recording of farms that have intermediate and primary industries (livestock farms) and calculates the corresponding economic results and production costs, in these cases, • understand the concept of evaluation of economic operation of farms and will have knowledge of methods and tools for its implementation. • understand the decision-making process in farms and will use their respective methods/tools.

Prerequisites

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Syllabus

• Basic principles and stages of farm management. • Calculating costs of production of intermediate and final goods. • Specific applications on livestock farms self producing feedstuff. • Calculation of production costs for joint production in livestock farms. • Applications in farms with joint production of milk , meat , wool , and manure • Economic results for joint plant- livestock production • Technical and economic analysis of farm function (group analysis ) . Applications in farms . • Separated analysis of production factors. Analysis of the use of agricultural equipment cost of use compared with the optimum threshold. Profitability analysis between two or more machinery items . Analysis of human labor (calculation of required and employed labor) . Applications to livestock farming • Decision making using the Agricultural budget methods (partial budget , breakeven point budget , parametric budget , cash flow budget , total budget) . Applications in farms. • Decision making using linear programming (graphical method , algorithm Simplex, method of big M , the dual problem , sensitivity analysis ) . Applications in farms.