Agricultural Business Management

 

Undergraduate Minor | Agricultural Business Management

Program Format:   
Entrance Exam: Not required

The minor in Agricultural Business Management provides students an opportunity to learn basic business and economic principles that are useful in careers in agricultural and related industries. Not a free-standing online minor, it must be combined with an undergraduate major at N.C. State University outside of the Department of Agricultural and Resource Economics.  It is available only to N.C. State University degree-seeking undergraduate students.

The minor in Agricultural Business Management provides students with the opportunity to learn basic business and economic principles that are useful in careers in agricultural and related industries. The minor is not a free-standing program; it must be combined with an undergraduate major at NC State University. It is available to N.C. State University degree-seeking undergraduate students, with the exception of students majoring in the Department of Agricultural and Resource Economics.

ADMISSIONS REQUIREMENTS

Students must contact Ms. Kendall Del Rio, ARE Student Services Assistant, as early as possible, and prior to their final semester, to be entered into the SIS for the ABM minor. Only this action will establish a degree audit for the minor.

To determine course requirements and eligibility for the ABM minor prior to adding it to their degree program, students may go to the Degree Audit section of their account in the MyPack Portal and under the “What If” option select the ABM minor. This option will only indicate course requirements and eligibility, and does not establish a degree audit for the minor. 

PLAN OF STUDY

The program of study for the minor in Agricultural Business Management consists of a total of 15 credit hours (5 courses). Courses used to satisfy the minor requirements may not be taken for credit only. 

CAREER PROSPECTS

The minor in Agricultural Business Management teaches basic business and economic principles that are useful for careers in agricultural and related industries.

To determine course requirements and eligibility for the ABM minor prior to adding it to their degree program, students may go to the Degree Audit section of their account in the MyPack Portal and under the “What If” option select the ABM minor. This option will only indicate course requirements and eligibility, and does not establish a degree audit for the minor. Students must contact the ARE Student Services Assistant, Ms. Kendall Del Rio, to be entered into the system for this minor.

Some ABM Minor courses are available online through distance education:

ARE 201 - Introduction to Agricultural & Resource Economics

Units: 3

Introduction to economic principles of marginal benefits and costs with application to consumer and producer decisions. Functions of market exchange systems in determining prices and quantities and creation of wealth. Property rights and opportunities for exchange. Role of government in dealing with agricultural and resource problems. Macroeconomic analysis including inflation, unemployment, money and banking system. Credit will not be given for both ARE 201 and either EC 201 or EC 205.

GEP: Social Sciences

Offered in Fall Spring Summer

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2018 Spring Term 2018 Summer Term 1 2018 Summer Term 2 2018 Fall Term

ARE 215 - Small Business Accounting

Units: 3

Record keeping for small businesses organized as sole proprietorships, partnerships, and family held corporations. Double entry accounting principals applied to service and merchandising businesses. General Journals, Combination Journals, Subsidiary Journals, Ledgers, Accounts Receivable, Accounts Payable, Posting, Worksheets. Financial Statements, Closing, Payrolls, Cost Basis, Depreciation, Section 179, Amortization, Financial Adjustments, and Income Tax Forms. Both manual and computerized systems. Semester project of keeping records for a business for a portion of the year.

Offered in Fall Spring Summer

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2018 Spring Term 2018 Summer Term 1 2018 Summer Term 2 2018 Fall Term

ARE 304 - Agribusiness Management

Units: 3

Management decision-making by food, fiber, horticulture, and forestry firms. Emphasis on current agribusiness topics such as information utilization, strategic planning, organization structures, competitor intelligence, pricing, leadership, crisis management, ethics, and human resource management. Business communications, agribusiness case studies, and a computerized management simulation game.

Offered in Fall Spring Summer

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2018 Spring Term 2018 Summer Term 1 2018 Summer Term 2 2018 Fall Term

ARE 312 - Agribusiness Marketing

Units: 3

Application of marketing and economic principles to decision making in contemporary agribusiness firms. Marketing strategies, marketing research and information, segmentation and targeting, marketing mix, and market plans within food, fiber, natural resource, and production input industries. Professional selling skills and knowledge. Off-campus field experience and visiting lecturers from the agribusiness industry.

Offered in Fall Spring Summer

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2018 Spring Term 2018 Summer Term 1 2018 Fall Term

ARE 323 - Agribusiness Finance

Units: 3

ARE 323 teaches the history of monetary systems, the development of business finance tools and banking, and detailed creation and use of business financial statements, including Income Statements, Balance Sheets, and Statements of Cash Flow, within the context of the agribusiness industry. Two Finance courses are offered in the Agribusiness Management Major: ARE 321 - Agricultural Financial Management, which focuses on the history of finance in agriculture and financial planning for farmers and similar independent agricultural enterprises; and ARE 323 - Agribusiness Finance, which focuses on finance for larger agribusinesses and for managers of agribusiness divisions in larger organizations.

Offered in Fall Spring Summer

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2018 Summer Term 2

ARE 332 - Human Resource Management for Agribusiness

Units: 3

General introduction to human resource management in agribusinesses. Skills for agribusiness owners for efficient productivity from employees in a legal and ethical manner. Topics on labor economics, human resource legislation, employee planning and recruitment, and migrant labor issues. Emphasis on techniques for training, motivating, leading, and disciplining employees.

Offered in Fall Spring Summer

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2018 Spring Term 2018 Summer Term 1 2018 Summer Term 2 2018 Fall Term

ARE 345 - Global Agribusiness Management

Units: 3

Global trade is the largest growth area in American agribusiness, and knowledge of international agribusiness markets is one of the primary qualifications desired from college graduates entering the workforce. This course provides detailed knowledge of the six major regions for agribusiness trade worldwide, to prepare students to understand, speak intelligently about, and capitalize on opportunities for NC and US agribusiness products in the global marketplace. Students will be required to provide their own transportation to local markets and incidental expenses for meals representative of the six major regions connected with class assignments. Please see the Instructor for details.

GEP: Global Knowledge

Offered in Spring Only

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2018 Summer Term 2 2018 Fall Term

ARE 444 - Ethics in Agribusiness

Units: 3

Ethical behavior is a crucial issue in American business, especially after numerous ethical lapses over the past decade, and for agribusiness given claims of marketing unhealthy foods, development of genetically-modified organisms, hiring of undocumented workers, and consolidation into industrial production facilities. Students are taught ethical theories and frameworks, used to discuss general ethical questions such as death, theft, and lying, followed by the more specific agribusiness issues mentioned above. Students will formulate their own opinions about these issues, recognize and understand the opinions of others, and be able to accurately and adequately communicate those opinions.

Offered in Spring and Summer

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Entry Semester Application Deadlines and Details
FallAugust 17, 2018
SpringJanuary 2, 2019
SummerMay 11, 2018

Dr. John Russ

Program Coordinator, Agricultural and Resource Economics

College of Agriculture and Life Sciences

919.515.4677
russ@ncsu.edu