Agri-Marketing
FMTP 039
Agri-Marketing
1.67 Credits
Offered in the:
- Fall
- Winter
- Summer
Farm Management Technology: The goal of this course is to improve students' skills needed for marketing agricultural products and services. This course covers all types of marketing, from direct sales and on-farm marketing to wholesale channels, auctions and exports. Students will study examples of marketing systems used for various agricultural commodities and create a marketing plan (product, price, promotion, "place" and public image) for a particular product or service. They will also improve their skills in sales and customer relations.
Offered by: Farm Mgmt & Technology Program
- Terms
- Instructors
- David Wees, Pascal Theriault
The goal of this course is to improve students’ skills needed for marketing agricultural products and services. This course covers all types of marketing, from direct sales and on-farm marketing to wholesale channels, auctions and exports. Students will study examples of marketing systems used for various agricultural commodities and create a marketing plan (product, price, promotion, “place” and public image) for a particular product or service. They will also improve their skills in sales and customer relations.
D. WEES / P. THERIAULT
Introduction to Economics
FMTP 002
Introduction to Economics
1.33 Credits
Offered in the:
- Fall
- Winter
- Summer
Farm Management Technology: At the end of this course, students will understand and be able to apply basic microeconomic and macroeconomic concepts along with understanding the general area of farm management. Microeconomics topics will include the decision making process of the firm, the introduction of economic theory, specifically the development of demand and supply theories and how price determination is establish under different market structures. The concept of marginal economics, profit maximization, elasticity and the marginal rate of substitution will be covered. Finally students will be exposed to macroeconomic topics which will encompass unemployment, changes in bank rates, exchange rates, gross domestic product, consumer price index and the balance of trade. Special emphasis will be given to agricultural commodities and how economic theory applies to them.
Offered by: Farm Mgmt & Technology Program
At the end of this course, students will understand and be able to apply basic microeconomic and macroeconomic concepts along with understanding the general area of farm management. Microeconomics topics will include the decision making process of the firm, the introduction of economic theory, specifically the development of demand and supply theories and how price determination is establish under different market structures. The concept of marginal economics, profit maximization, elasticity and the marginal rate of substitution will be covered. Finally students will be exposed to macroeconomic topics which will encompass unemployment, changes in bank rates, exchange rates, gross domestic product, consumer price index and the balance of trade. Special emphasis will be given to agricultural commodities and how economic theory applies to them.
P. THERIAULT
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Financial and Managerial Accounting
FMTP 038
Financial & Managerial Acct
2 Credits
Offered in the:
- Fall
- Winter
- Summer
Farm Management Technology: This course will introduce the students to the fundamentals of accounting with specific reference to farm operations. It will also present the necessary tools for the development of an adequate record-keeping system for a farm business operation and give the students the necessary skills to prepare financial statements. In addition, students will be able to handle the daily administrative business responsibilities of a farm manager/operator. This includes monitoring resources such as taking care of banking functions, invoice payment and filing, choosing suppliers & business insurance along with keeping track of stocks and inventories. The use of computer software will be employed to facilitate accounting and administrative functions.
Offered by: Farm Mgmt & Technology Program
This course will introduce the students to the fundamentals of accounting with specific reference to farm operations. It will also present the necessary tools for the development of an adequate record-keeping system for a farm business operation and give the students the necessary skills to prepare financial statements. In addition, students will be able to handle the daily administrative business responsibilities of a farm manager/operator. This includes monitoring resources such as taking care of banking functions, invoice payment and filing, choosing suppliers & business insurance along with keeping track of stocks and inventories. The use of computer software will be employed to facilitate accounting and administrative functions.
P. THERIAULT
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Budgeting, Finance and Policies
FMTP 042
Budgeting, Finance & Policies
2.33 Credits
Offered in the:
- Fall
- Winter
- Summer
Farm Management Technology: At the end of this course, students will be able to produce, interpret and understand all of the budgets necessary for the operation of an agricultural business. These budgets include: whole farm budgets, partial budgets, enterprise budgets, investment budgets and cash flow budgets. Students will explore credit cost estimation, taking into consideration the determinant factors of influence. Students will establish a financing program for an agricultural enterprise. This will include producing an investment plan for the development of the agricultural business. Students will investigate the concepts of the time value of money. Collateral value will be assessed in relation to loan requirements. The principal conditions and steps of the loan negotiation process will be described. Students will also be examine risk management tool available to agricultural enterprise, both internal and external. Finally students will begin to gather the information process in preparation of their farm project.
Offered by: Farm Mgmt & Technology Program
At the end of this course, students will be able to produce, interpret and understand all of the budgets necessary for the operation of an agricultural business. These budgets include: whole farm budgets, partial budgets, enterprise budgets, investment budgets and cash flow budgets. Students will explore credit cost estimation, taking into consideration the determinant factors of influence. Students will establish a financing program for an agricultural enterprise. This will include producing an investment plan for the development of the agricultural business. Students will investigate the concepts of the time value of money. Collateral value will be assessed in relation to loan requirements. The principal conditions and steps of the loan negotiation process will be described. Students will examine the risk management tools available to agricultural enterprises, both internal and external. Finally students will begin to gather the information process in preparation of their farm project.
P. THERIAULT
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Entrepreneurship 2
FMTP 043
Entrepreneurship 2
2.67 Credits
Offered in the:
- Fall
- Winter
- Summer
Farm Management Technology: The focus of Entrepreneurship 2 will be at the strategic level. Students will examine the steps necessary to prepare a business plan for an agricultural enterprise. They will be introduced to the development process of a farming business. The links between technical, financial, and economical aspect will be made. During this course students will discover the tax liabilities and laws as they pertain to a farming business in the province of Quebec, which will include a brief introduction to the Quebec Civil Code. Students will be exposed to external factors of a farming business through the use of a three-day field trip and guest speakers from the agricultural establishment. Students will continue the information gathering process which began in Budgeting, Finance and Policies.
Offered by: Farm Mgmt & Technology Program
The focus of Entrepreneurship 2 will be at the strategic level. Students will examine the steps necessary to prepare a business plan for an agricultural enterprise. They will be introduced to the development process of a farming business. The links between technical, financial, and economical aspect will be made. During this course students will discover the tax liabilities and laws as they pertain to a farming business in the province of Quebec, which will include a brief introduction to the Quebec Civil Code. Students will be exposed to external factors of a farming business through the use of a three-day field trip and guest speakers from the agricultural establishment. Students will continue the information gathering process which began in Budgeting, Finance and Policies.
P. THERIAULT
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Farm Project
FMTP 025
Farm Project
2 Credits
Offered in the:
- Fall
- Winter
- Summer
Farm Management Technology: In this course each students will prepare a farm business plan. The students will put into use the skills they have acquired through their first five semesters and apply them to an actual farming situation. The plan will be on an existing agricultural enterprise of their choice and must include all considerations of the farming business, production as well as financial. The plan must cover a period of not less than five years. An oral presentation and a comprehensive written report will be submitted on their farm project.
Offered by: Farm Mgmt & Technology Program
The capstone course for FMT students is the Farm Project. Students build a comprehensive 5 year business plan for either their home farms or for a startup operation. They do a detailed technical and financial analysis of their current situation; develop managerial and capital projects to improve the operation, and describe the financial impacts that their plans will have on the farm for the coming five years. They then defend their projects in front of a marking committee composed of FMT staff.
The Farm Credit Canada Business Plan Awards provides recognition for the students who have done exceptionally good work. More details about these awards are given in our Scholarships and awards section.
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Management of Human Resources
FMTP 044
Mgmt of Human Resources
1.33 Credits
Offered in the:
- Fall
- Winter
- Summer
Farm Management Technology: techniques in agriculture. This includes being able to plan the manpower needs of the agricultural enterprise, by the month and by the year. Students will be able to describe the principal tasks and work conditions, explain the steps in seeking farm and agricultural employees and prepare the payroll for employees. Students must be able to describe the communication mechanisms between the owners, and with the employees. Students will learn to apply a method of worker supervision and be able to give an evaluation of employees work.
Offered by: Farm Mgmt & Technology Program
At the end of this course, students will be able to apply human resource management techniques in agriculture. This includes being able to plan the manpower needs of the agricultural enterprise, by the month and by the year. Students will be able to describe the principal tasks and work conditions, explain the steps in seeking farm and agricultural employees and prepare the payroll for employees. Students must be able to describe the communication mechanisms between the owners, and with the employees. Students will learn to apply a method of worker supervision and be able to give an evaluation of employees work.
P. THERIAULT
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