Montana State University

Agricultural Business

Department of Agricultural Economics & Economics

http://www.montana.edu/econ/

Agribusiness is a dynamic industry with a high degree of global and technological sophistication. The agribusiness sector includes companies that are on the cutting edge in the use of biotechnology, strategy, information systems, risk management, logistics and international trade. The study of agricultural business involves the application of business and economic principles to farming and ranching and related sectors of the general economy. Training in agricultural business includes courses in agricultural firm management, marketing farm products, farm credit and finance, agricultural prices and outlook, agricultural policy, management science, agricultural law, technical agriculture and the business aspects of industries serving agriculture. Surveys indicate that employers seek out graduates with expertise in communication, critical thinking, business management and quantitative analyses. Our program specifically develops each of these skills.

Many employment possibilities are open to students with training in agricultural business. Positions are available with businesses which process and market agricultural products, and with the large number of businesses that sell products and services to farmers and ranchers, such as fertilizer companies, farm machinery companies, banks, and farm credit institutions. Also, opportunities exist to operate and manage farms and ranches. In addition, federal and state governments employ persons with training in agricultural business. Many of our graduates work for regional, national, and even international agribusiness firms that market, process, and transport agricultural products. Other graduates work for companies that service agriculture by supplying inputs to producers. Agricultural credit institutions employ many of our graduates. Some of our graduates continue their education by pursuing graduate degrees or attending law school.

Agribusiness Management Concentration

The agribusiness sector of the economy, which produces and sells goods and services to farmers and ranchers on one hand, and processes and markets agricultural commodities on the other, is growing rapidly. In the United States, for every job in agricultural production, there are approximately three jobs in agriculture-related businesses. The MSU agribusiness management curriculum has established an excellent reputation with employers and is specifically designed for management training with emphasis on finance, accounting, and managerial economics in agriculture-related businesses and industries.

Farm and Ranch Management Concentration

For a student who expects to work in agricultural production and eventually own and operate a farm or ranch, the farm and ranch management option provides a vital set of management skills for success in undertaking the investment and complicated business aspects of farming and ranching. The future farm or ranch manager needs to be familiar with marketing, finance, business management, and the global agribusiness system in which production agriculture operates. Farm and ranch management is a strong academic program designed to provide marketing, management, and finance skills. This curriculum is supplemented with courses that emphasize technical agricultural issues.


Curricula in Agricultural Business


AGRIBUSINESS MANAGEMENT CONCENTRATION

Freshman Year Credits
ANSC 100--Intro Animal Science 3
ECNS 101IS--Economic Way of Thinking 3
ECNS 202--Principles of Macroeconomics 3
WRIT 101W--College Writing I 3
BIOB 110CS--Introduction to Plant Biology 3
Take one of the following:
     CHMY 121IN--Intro Gen Chemistry 4
     BIOB 170IN--Principles of Biological Diversity 4
Take one of the following:
     M 161Q--Survey of Calculus 4
     M 171Q--Calculus I 4
Take one of the following:
     AGED 140US--Leadership Development for Agr 3
     COM 110US--Public Communication 3
University Core and Electives 4
30
Sophomore Year Credits
ECNS 204IS--Microeconomics 3
ECNS 309--Managerial Economics 3
AGEC 337--Agricultural Law 3
ACTG 201--Principles of Financial Accounting 3
ACTG 202--Principles of Managerial Accounting 3
STAT 216Q--Introduction to Statistics 3
ENSC 245IN--Soils 3
Take one of the following:
     BUS 201--Managerial Communication 3
     WRIT 201--College WritingII 3
     WRIT 221--Intermediate Tech Writing 3
Take one of the following:
     AGED 105--Microcomputers in Agri 3
     CAPP 120--Introduction to Computers 3
University Core and Electives 3
30
Junior and Senior Year Credits
AGEC 321--Econ of Ag Mktg 3
AGEC 345--Ag Fin & Credit Analysis 3
AGEC 451RS--Econ of Ag Policy 3
ECNS 301--Intermediate Micro with Calculus 3
ECNS 303--Intermediate Macro with Calculus 3
AGEC 341--Farm and Ranch Management 3
Take one of the following:
     BUS 301--Management & Organization 3
     BUS 311--Information Systems 3
     BUS 341--Marketing 3
     EIND 313--Work Design & Analysis 3
     EGEN 325--Engineering Economic Analysis 3
     EIND 373--Production Inventory Cost Analysis 3
Take one of the following:
     AGEC 421--Advanced Agricult Mktg 3
     AGEC 445--Agribusiness Management 3
University Core and Electives 36
60

*ECNS 251IS(Honors Economics, 4 credits) may be substituted for the 3 course sequence ECNS 101IS, ECNS 202, and ECNS 204IS.

Electives Must Include:

One course in Ag, CS, or I&ME 3
Social Sciences (excluding AGEC/ECON) 6
One additional course from Fine Arts, Humanities,
or Social Sciences (excluding AGEC/ECON) 3

Graduation Requirements:

Agribusiness students must receive a grade of C or better in ECNS 101IS, ECNS 202, ECNS 204IS, ECNS 301, ECNS 303, and M 161Q or M 171Q (or their equivalents) to meet departmental graduation requirements. All other AGEC/ECON elective courses counting toward departmental graduation requirements must be graded C- or better.

Agribusiness students seeking a second major in Economics must complete an additional 15 credits at the 300 level or above in AGEC/ECON electives over and above all requirements for graduation with a major in Agribusiness.

A minimum of 120 credits is required for graduation; 42 of these credits must be numbered 300 or above.


FARM AND RANCH MANAGEMENT CONCENTRATION

Freshman Year Credits
ANSC 100--Intro to Animal Science 3
ECNS 101IS--Economic Way of Thinking 3
ECNS 202--Principles of Macroeconomics 3
WRIT 101W--College Writing I 3
BIOB 110CS--Introduction to Plant Biology 3
Take one of the following:
     CHMY 121IN--Intro to General Chemistry 4
     BIOB 170IN--Principles of Biological Diversity 4
Take one of the following:
     M 161Q--Survey of Calculus 4
     M 171Q--Calculus I 4
Take one of the following:
     AGED 140US--Leadership Development for Agr 3
     COM 110US--Public Communication 3
University Core and Electives 4
30
Sophomore Year Credits
ECNS 204IS--Microeconomics 3
ECNS 309--Managerial Economics 3
AGEC 337--Agricultural Law 3
ACTG 201--Principles of Financial Accounting 3
ACTG 202--Principles of Managerial Accounting 3
ENSC 245IN--Soils 3
STAT 216Q--Introduction to Statistics 3
Take one of the following:
     AGED 105--Microcomputers in Agri 3
     CS 120--Introduction to Computers 3
Take one of the following:
     BUS 201--Managerial Communication 3
     WRIT 201--College Writing II 3
     WRIT 221--Intermediate Tech Writing 3
University Core and Electives 3
30
Junior And Senior Years Credits
AGEC 321--Econ of Ag Mktg 3
AGEC 345--Ag Finance & Credit Analysis 3
AGEC 451RS--Econ of Ag Policy 3
ANSC 320--Animal Nutrition 4
ECNS 301--Intermediate Micro with Calculus 3
ECNS 303--Intermediate Macro with Calculus 3
AGEC 341--Farm and Ranch Management 3
Take one of the following:
     AGEC 421--Adv Agriculture Mktg 3
     AGEC 445--Agribusiness Management 3
Take 4 credits from the supporting area courses.
Take:
     NRSM 101--Natural Resource Consevation 3
     NRSM 102--Montana Range Plants Lab 1
or
     AGSC 242--Crop Identification 1
Univ Core and Electives 27
60

Electives Must Include:

Social Sciences (excluding AGEC/ECON) 6
One additional course from Fine Arts, Humanities,
or Social Sciences (excluding AGEC/ECON) 3

*ECNS 251IS (Honors Economics, 4 credits) may be substituted for the 3 course sequence ECNS 101IS, ECNS202, and ECNS204IS.

Graduation Requirements:

Agribusiness students must receive a grade of C or better in ECNS 101IS, ECNS 202, ECNS 204IS, ECNS 301, ECNS 303, and M 161Q or M 171Q (or their equivalents) to meet departmental graduation requirements. All other AGEC/ECON Selective courses counting toward departmental graduation requirements must be graded C- or better.

Agribusiness students seeking a second major in Economics must complete an additional 15 credits at the 300 level or above in AGEC/ECON electives over and above all requirements for graduation with a major in Agribusiness.

A minimum of 120 credits is required for graduation; 42 of these credits must be numbered 300 and above.


MINOR IN AGRICULTURAL BUSINESS (NON-TEACHING)

A student must receive a grade of C- or better in all Agricultural Economics and Economics courses required for the minor.

Departmental Course Requirements Credits
ECNS 101IS--Economic Way of Thinking 3
ECNS 202--Principles of Macroeconomics 3
ECNS 204IS--Microeconomics 3
ECNS 301--Intermediate Micro with Calculus 3
AGEC 321--Econ of Ag Mktg 3
AGEC 341--Farm & Ranch Management 3
AGEC 345--Ag Fin & Cred Anl 3
Plus six upper division AGEC/ECON elective 6
credits (no seminars, 490's or 492's)**
27
Supporting Requirements
ACTG 201--Principles of Financial Accounting 3
Take one of the following:
     M 161Q--Survey of Calculus 4
     M 171Q--Calculus I 4
STAT 216Q--Introduction to Statistics 3
3 credits of 200+
(ACTG, BUS, FIN, MGMT, MKTG) courses
3
13
Total 40

* ECNS 251IS(Honors Economics, 4 credits) may be substituted for the three-course sequence: ECNS 101IS, ECNS 202, and ECNS 204IS.

** Students cannot use either AGEC 337 or BUS 361 to meet the requirements of the minor.

*** "P" grades may be accepted at the discretion of the department only for courses transferred from outside the Montana University System.


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