Agricultural Economics -- Undergraduate Courses

Ag Econ 271 Farm and Ranch Management (4 credits - Fall and Spring)
Farm or ranch business from viewpoint of continuous profit and efficiency. Basics of farm management applied to selection and combination of enterprises, level of production, size of business, labor efficiency, and machinery efficiency. Types of farming, tenure and leasing, risk, prices, credit and starting farming. Business and production records, their analysis and use in budgeting and planning future operations. Prerequisite: 1 course from MATH, except Math 021, Math 101 Math 100T. Corequisite course: AgEc 271L.

AgEc 271L  Farm and Ranch Management Lab    (3 credits - Fall and Spring)
Coreq uisite course: AgEcon 271

Ag Ec 352 Agricultural Law (3 credits - Fall)
Legal rights and duties of parties to agricultural business transactions, sales, secured tranactions, real and personal property, buiness associations, labor relations, bankruptcy, water and drainage, and livestock. Emphasis is on South Dakota law. Prequisite; junior standing, BAdm 350.

Ag Ec 354  Agricultural Marketing and Prices    (3 credits - Fall and Spring)
Principal factors which affect the supply, demand and prices of agricultural commodities. Market information in forecasting price trends. Evaluation of alternate marketing strategies, e.g., futures trading, other forward pricing instruments. Alternative agricultural marketing institutions. Prerequisite Econ 201 or Econ 202.

Ag Ec 364 Introduction to Cooperatives   (3 credits - Spring)
AAddresses the concepts and business principles of the cooperative form of business. Cooperatives differ from other businesses because they are member-owned and operate for the benefit of members, not investors. The course is designed to provide students an understanding of cooperatives that is legally consistent and realistic.

Ag Ec 473  Rural Real Estate Appraisal    (3 credits - Fall)
Principles and practices of rural real estate appraisal. Principles of soils valuation and their application for farmland appraisal. Cost, market data and income approaches to farmland and building appraisal. Tax, loan and other specialized rural appraisal procedures. Half-day field trips to area farms are required. Crosslisted with PS 373. Equivalent to PS 373. Prerequisite AgEc 271 or PS 213. Corequisite course: AgEc 373A.

Ag Ec 473L Rural Real Estate Appraisal Lab
Corequisite course: AgEc 373

Ag Ec 454 Economics of Grain and Livestock Marketing (3 credits - Fall and Spring)
Application of economic and marketing principles to the price discovery process and alternative exchange mechanisms; economics of technological innovation, and the impact of federal government policies on marketing. Prerequisite AgEc 354.

Ag Ec 471 Advanced Farm and Ranch Managment (3 credits - alternate years)
Leasing arrangements, capital investment, coomputerized accounting and budgeting. Linear programming as a tool for planning and organizing the farm business. Prerequisite; senior standing, 271, Econ 301 or consent.

Ag Ec 478 Agricultural Finance (3 credits - Fall)
Capital and credit needs in agriculture; principles and problems in extending and using credit; developing information flows, capital budgeting, cost of capital, the role of financial intermediaries; control of land and depreciable assets; application of financial software packages in agriculture. Prerequisite: AgEc 271, Econ 201, Acct 210. Corequisite course AgEc 478A.

Ag Ec 478L  Agricultural Finance Lab
Corequisite Coures: AgEc 478.

Ag Ec 479  Agricultural Policy   (3 credits - Fall and Spring)
Economics policies affecting agricultural prosperity, with special emphasis on farm programs, food assistance programs, agricultural trade, finance, bargaining and other institutional forces affecting agriculture and agri-business. Implications of agricultural policy alternatives on people livintg in rural and urban areas. Prerequisite Econ 201, Econ 202.

Ag Ec 484 Trading in Agricultural Futures and Options
Course utilizes fundamental and technical analysis techniquest to analyze agricultural futures and options. This is a hands-on commodity futures and options trading class. AStudents are expected to use asnalysis to generate trades in selected agricultural futures and optionsl Prequisite: AGEC 354

Ag Ec 491  Agricultural Economics Problems   (1-3 credits - Fall and Spring)
Individual study of special topics or problems of concern to agriculture and agri-business. May involve case studies, special readings, and reports. Maximum of 4 hours. Prerequisite: consent..

Ag Ec Independent Study (1-3 credits)

Ag Ec 492 Topics (1-4 credits)

Ag Ec 493 Workshop (1-3 credits)

|Ag Ec 498  Undergraduate Research/Scholarship (1-4 credits)

Dual Numbered Courses

Ag Ec 421-521  Farming and Food Systems Economics    (3 credits - Spring)
Use of economic concepts in analyzing farming and food system alternatives. Using multidisciplinary approach, the course examines the critial linkages in the food system and engages in problem solving at each step of the process. Prerequisite AgEc 271 or Econ 201.

Ag Ec 471-571  Advanced Farm and Ranch Managment   (3 credits - alternate years)
Leasing arrangements, capital investment, computerized accounting and budgeting. Linear programming as a tool for planning and organizing the farm business. Prerequisite senior standing, 271, Econ 201 or consent.

Graduate Courses

Ag Ec 591 Indenpendent Study (1-3 credits)

Ag Ec 592 Topics (1-4 credits)

Ag Ec 593 Workshop (1-3 credits)

Ag Ec 621  Advanced Production Economics   (3 credits)

Ag Ec 630  Advanced Agricultural Marketing and Prices   (3 credits)

Ag Ec 691  Special Problems   (1-3 credits - Fall)