Agribusiness Management

http://resourceeconomics.wvu.edu

Bachelor of Science - Agribusiness Management Major

The goal of this major is to provide students with a breadth of knowledge that will prepare them for entry-level management positions or starting their own enterprise in a variety of rural, land-based, agricultural and/or food-related businesses. Students with this major can expect to find employment in: agribusiness (including nursery and landscaping) firms or farms; financial institutions; or state and federal government agencies dealing with land use, food and agriculture. Employment in these areas requires the essential components of this major: a broad educational background combined with knowledge of managing natural resource-based businesses. By selecting appropriate coursework in consultation with their advisor, the flexibility of this major provides students with the opportunity to create their own area of expertise or follow course tracks for entrepreneurship, equine management, food science and technology, horticulture, or livestock, as well as to pursue coursework in preparation for graduate school.

Click here to view the Suggested Plan of Study

General Education FOUNDATIONS

Please use this link to view a list of courses that meet each GEF requirement.

NOTE: Some major requirements will fulfill specific GEF requirements. Please see the curriculum requirements listed below for details on which GEFs you will need to select.

General Education Foundations
F1 - Composition & Rhetoric3-6
Introduction to Composition and Rhetoric
and Composition, Rhetoric, and Research
Accelerated Academic Writing
F2A/F2B - Science & Technology4-6
F3 - Math & Quantitative Skills3-4
F4 - Society & Connections3
F5 - Human Inquiry & the Past3
F6 - The Arts & Creativity3
F7 - Global Studies & Diversity3
F8 - Focus (may be satisfied by completion of a minor, double major, or dual degree)9
Total Hours31-37

Please note that not all of the GEF courses are offered at all campuses. Students should consult with their advisor or academic department regarding the GEF course offerings available at their campus.

Curriculum Requirements

Minimum GPA of 2.0 is required for this major
GEF Requirements 1, 2, 5, 6, 7, & 825
WVUE 191First Year Seminar1
Required Courses
AGEE 110Microcomputer Applications in Agricultural Education3
ARE 110Agribusiness Accounting3
ARE 150Introductory Agricultural and Agribusiness Economics (GEF 4)3
ARE 204Agribusiness Management3
ARE 360Current Issues In Agriculture (fulfills Writing and Communication Skills requirement)3
ARE 382Agricultural and Natural Resources Law3
ARE 421Rural Enterprise Development4
ARE 431Marketing Agricultural Products3
ARE 461Agribusiness Finance3
ARE 482Enterprise Operation Law3
ARE 484Agribusiness Strategic Management3
ECON 202Principles of Macroeconomics (GEF 8)3
ARE 494Seminar1
Capstone Experience:3
Professional Field Experience
Senior Thesis
STAT 111Understanding Statistics (GEF 3)3
Restricted Electives30
The restricted electives must be selected in consultation with the advisor, include at least four courses from the Davis College, and selected from the list below:
Upper-division (300-400 level) courses from the following subjects: ADV, AGBI, AGEE, ARE, AGRN, ANNU, ANPH, ANPR, A&VS, AEM, BIOL, COMM, DSGN, ECON, ENLM, ENTO, ENTR, ENVP, FIN, FDST, FMAN, FOR, GEOG, GEOL, HORT, HN&F, LARC, LDR, PLSC, POLS, PSYC, PR, RPTR, RESM, SOCA, WMAN, WGST, and WDSC.
STAT at 200-level or higher.
Group Organization and Leadership
Principles of Soil Science
and Principles of Soil Science Laboratory
Introductory Environmental and Resource Economics
Animal Nutrition
Principles of Animal Science
Introduction to Equine Care and Use
Sustainable Design and Development
Food Science and Technology
General Horticulture
Applied Calculus
Principles of Plant Science
Law and the Legal System
Free Electives 20
Total Hours120

Suggested Plan of Study

First Year
FallHoursSpringHours 
ARE 150 (GEF 4)3STAT 111 (GEF 3)3 
ENGL 101 (GEF 1)3AGEE 1103 
GEF 5, 6, or 7 3GEF 5, 6, or 7 3 
GEF 24GEF 5, 6, or 7 3 
WVUE 1911Free Elective 3 
 14 15
Second Year
FallHoursSpringHours 
ARE 1103ECON 202 (GEF 8)3 
ARE 2043Restricted Elective 3 
ENGL 102 (GEF 1)3Restricted Elective 3 
Restricted Elective3Free Elective3 
Free Elective 3GEF 83 
 15 15
Third Year
FallHoursSpringHoursSummerHours
ARE 3603ARE 4313ARE 4913
ARE 3823ARE 4613 
ARE 4941ARE 4823 
Restricted Elective 3Restricted Elective 3 
Restricted Elective 3GEF 83 
GEF 83Free Elective 1 
 16 16 3
Fourth Year
FallHoursSpringHours 
ARE 4214ARE 4843 
Restricted Elective 3Restricted Elective 3 
Restricted Elective 3Restricted Elective 3 
Free Elective 3Free Elective 4 
 13 13
Total credit hours: 120

Major Learning Goals

agribusiness Management

Students who complete this major should be able to:

  • Clearly articulate business problems, theories, and arguments related to agriculture or small businesses.
  • Demonstrate an understanding of major ideas in marketing, accounting, finance, and management related to agriculture or small businesses.
  • Read, analyze, and interpret business statements; utilize computer software in accounting, Excel and similar applications.
  • Think carefully, logically, and creatively about problems related to agribusiness management and/or rural economic development.
  • Carefully analyze arguments pertaining to agribusiness management.
  • Write clearly and logically in business and professional settings.
  • Work cooperatively within a business or professional setting (i.e., be a team player).

ARE 110. Agribusiness Accounting. 3 Hours.

Introduction to accounting for agricultural, rural, and small business managers. Emphasis on the accounting cycle, analysis and interpretation of financial statements, income taxes, and managerial accounting. (Students having prior college credit in accounting are not eligible for this course.).

ARE 150. Introductory Agricultural and Agribusiness Economics. 3 Hours.

Introduction to basic agricultural economics and agribusiness concepts, and the application of these concepts to agricultural and agribusinesses issues.

ARE 187. Energy Resource Economics. 3 Hours.

Dilemmas posed for developing and modern societies by rising energy demands amid concerns for the world's environment. Economics of fuel sources and technologies, and historical and new concerns over resource scarcities.

ARE 199. Orientation to Agriculture and Resource Economics. 1,2 Hour.

Orientation to degree programs and requirements, departmental resources, curriculum options, student responsibilities and opportunities.

ARE 201. Principles of Resource and Energy. 3 Hours.

PR: Third-year standing. Analyzes problems important or peculiar to mineral industry economics; exhaustion, externalities, risks, production cycle, industry structure, pricing, role of minerals in development and trade, resource planning. Energy, metals, industrial minerals. (3 hr. lec.).

ARE 204. Agribusiness Management. 3 Hours.

Overview of the agribusiness decision-making process, and the functions of agribusiness management; analysis of financial statements and budgeting for evaluating profitability of alternative enterprises and practices.

ARE 220. Introductory Environmental and Resource Economics. 3 Hours.

Economic analysis of environmental pollution, natural resource conservation and management, outdoor recreation, public land use, wildlife resources, water use, property rights, and benefit-cost issues.

ARE 293. Special Topics. 1-6 Hours.

PR: Consent. Investigation of topics not covered in regularly scheduled courses.

ARE 298. Honors. 1-3 Hours.

PR: Students in Honors Program and consent by the honors director. Independent reading, study, or research.

ARE 360. Current Issues In Agriculture. 3 Hours.

Course focusing on the current scientific, ethical, legal, economic and political issues relating to agriculture. Students conduct group and individual research, discuss topics in an informal debate format and summarize positions in a written form.

ARE 370. Recreation/Tourism Economics. 3 Hours.

PR: ARE 220 or consent. Principles of economic analysis as applied to recreation and tourism resources, including economic impact and cost-benefit analyses.

ARE 382. Agricultural and Natural Resources Law. 3 Hours.

Introduction to legal concepts, principles and practices related to environmental, natural resource, and agricultural issues; in the context of the legal system within which statues are enacted, administered and enforced.

ARE 393. Special Topics. 1-6 Hours.

PR: Consent. Investigation of topics not covered in regularly scheduled courses.

ARE 401. Applied Demand Analysis. 3 Hours.

Consumer demand economics applied to environmental, natural resource, and agricultural issues; analysis of factors that influence demand and determine prices; special applications to non-market, environmental, and natural resource amenities.

ARE 406. Applied Quantitative Methods. 3 Hours.

PR: ARE 150. Application of basic quantitative concepts and methods applied to agribusiness and natural resources. Topics include applied economics, statistics, mathematics, and financial concepts and decision-making tools for determining optimum allocation of resources for production processes.

ARE 410. Environmental and Resource Economics. 3 Hours.

PR: (ARE 401 and ARE 402) or ECON 301 or consent. Economic analysis of natural resource and environmental problems; management of renewable and non-renewable resources and environmental amenities; market failure, externalities, benefit-cost and risk analysis; property rights and the taking issue.

ARE 411. Rural Economic Development. 3 Hours.

Economic trends, development policies, and analysis of rural economies in the United States. Rural diversity, development concepts, rural planning, public programs and policies, and community analysis methods.

ARE 421. Rural Enterprise Development. 4 Hours.

PR: ARE 110 and ARE 204 or consent. Introduction to concepts, methods and strategies involved in starting a successful small private enterprise in a rural area: assessing a community for enterprise opportunities, identifying and developing an enterprise idea, and preparing an enterprise plan.

ARE 431. Marketing Agricultural Products. 3 Hours.

Organization, functions, and analysis of the agricultural marketing system. Food consumption, exports, price analysis, marketing costs, market power, commodities futures market, food safety, and government regulations.

ARE 435. Marketing Livestock Products. 3 Hours.

Livestock marketing practices and policies. Supply and demand, livestock price cycles, grading, marketing alternatives, processing and retailing. Economic analysis of alternatives, current issues, and trends.

ARE 440. Futures Markets and Commodity Prices. 3 Hours.

Analysis of price-making forces which operate in the market place; emphasis on major agricultural and mineral commodity and futures markets.

ARE 445. Energy Economics. 3 Hours.

Analysis of the energy sector and its relationship to the rest of the economy; energy security, deregulation, full cost pricing, substitutability among energy sources, transmission, new technologies, environmental considerations.

ARE 450. Agriculture, Environmental and Resource Policy. 3 Hours.

PR: (ARE 401 and ARE 402) or ECON 301 or consent. Economic analysis of agricultural, natural resource and environmental policies; problems of externalities and market failure, and alternative policies for addressing such problems; benefits and cost of alternative policies.

ARE 461. Agribusiness Finance. 3 Hours.

An overview of financial analysis and the application of financial principles to small, rural and agricultural businesses. Includes applications of financial analysis computer software.

ARE 482. Enterprise Operation Law. 3 Hours.

Course focusing on laws applicable to businesses and the management of risks associated with operating a business. Students will learn to read and interpret laws and apply them to real-life business scenarios.

ARE 484. Agribusiness Strategic Management. 3 Hours.

PR: Senior standing. This course is designed to enhance understanding of business strategy formulation and implementation. The course provides a balance between theoretical concepts, principles, and practice of agribusiness management. Case studies are used to illustrate the crafting, implementation, and execution of optimal strategies.

ARE 490. Teaching Practicum. 1-3 Hours.

PR: Consent. Teaching practice as a tutor or assistant.

ARE 491. Professional Field Experience. 1-18 Hours.

PR: Consent. (May be repeated up to a maximum of 18 hours.) Prearranged experiential learning program, to be planned, supervised, and evaluated for credit by faculty and field supervisors. Involves temporary placement with public or private enterprise for professional competence development.

ARE 492. Directed Study. 1-3 Hours.

Directed study, reading, and/or research.

ARE 493. Special Topics. 1-6 Hours.

PR: Consent. Investigation of topics not covered in regularly scheduled courses.

ARE 494. Seminar. 1-3 Hours.

PR: Consent. Presentation and discussion of topics of mutual concern to students and faculty.

ARE 495. Independent Study. 1-6 Hours.

Faculty supervised study of topics not available through regular course offerings.

ARE 496. Senior Thesis. 1-3 Hours.

PR: Consent.

ARE 497. Research. 1-6 Hours.

Independent research projects.