John D Anderson
Department Head
217 Agriculture Building
479-575-2256
Department of Agricultural Economics and Agribusiness Website
The Department of Agricultural Economics and Agribusiness offers a major with three concentrations that lead to a Bachelor of Science in Agriculture degree. The department also offers a minor in Agricultural Business and a minor in International Economic Development. The minor in Agricultural Business can be completed 100% online.
The agricultural business major provides education suited to career opportunities in farm management, agricultural business management, and agricultural marketing in both the domestic and international areas.
Managers of farms and agricultural businesses are continually required to make organizational and operational decisions. The basic skills and knowledge needed for making sound decisions are provided by the agricultural business curriculum. Students may elect to specialize in areas compatible with their personal objectives, depending on the extent of accounting and business orientation desired.
Students educated in agricultural business are in demand for positions in agricultural industries, farm operation, marketing agencies, agricultural service organizations, state and federal agencies, and numerous other positions. For those who go on to graduate school, teaching and research positions are available with land-grant colleges as well as with other institutions. Three concentrations are available to meet career objectives:
- Agricultural Business Management and Marketing (ABMM)
- Pre-Law, for students preparing to attend law school (PRLW)
- Agricultural Economics, which emphasizes quantitative and analytical skills to prepare students for graduate school (AGEC).
Requirements for B.S.A. in Agricultural Business with Agricultural Economics Concentration
Requirements for a Major in Agricultural Business
State minimum core and discipline specific general education requirements:
(Course work that meets state minimum core requirements is in bold.)
| University Requirements | ||
| UNIV 1001 | University Perspectives | 1 |
| Communications | 12 | |
Select English State Minimum Core Courses (6 hours unless exempt) | ||
| Public Speaking (ACTS Equivalency = SPCH 1003) 1 | ||
Select one of the following: | ||
| Communicating Agriculture to the Public | ||
| Issues in Agriculture | ||
| Communication Campaigns in Agriculture | ||
| Advanced Public Speaking | ||
| Interpersonal Communication | ||
| Introduction to Small-Group Communication | ||
| Persuasion | ||
| Crop, Soil, and Environmental Sciences Colloquium | ||
| Advanced Composition | ||
| Essay Writing | ||
| Technical and Professional Writing (ACTS Equivalency = ENGL 2023) | ||
| U.S. History or Government | 3 | |
| Select U.S. History or Government State Minimum Core Course | ||
| Science | 8 | |
| Select 2 Courses from Science State Minimum Core (8 total hours) | ||
| Fine Arts and Humanities | 6-7 | |
| Select Fine Arts and Humanities State Minimum Core Courses | ||
| Social Sciences (3 hours) | 3 | |
| Select one of the following: | ||
| General Psychology (ACTS Equivalency = PSYC 1103) | ||
| General Sociology (ACTS Equivalency = SOCI 1013) | ||
| Rural Families and Communities | ||
| AEAB Requirements | ||
| Agribusiness Prerequisite Core (21 hours) 2 | 21 | |
| Survey of Calculus (ACTS Equivalency = MATH 2203) (or higher MATH course from the University Core excluding MATH 2183) 3 | ||
| Quantitative Tools for Agribusiness | ||
or STAT 2303 | Principles of Statistics (ACTS Equivalency = MATH 2103) | |
or BUSI 1033 | Data Analysis and Interpretation | |
| Principles of Agricultural Microeconomics 4 | ||
or ECON 2023 | Principles of Microeconomics (ACTS Equivalency = ECON 2203) | |
| Principles of Agricultural Macroeconomics 4 | ||
or ECON 2013 | Principles of Macroeconomics (ACTS Equivalency = ECON 2103) | |
| Agribusiness Financial Records | ||
or ACCT 2013 | Accounting Principles | |
| Introduction to Agribusiness | ||
| Agricultural and Human Environmental Sciences Applications of Microcomputers | ||
or ISYS 1123 | Business Application Knowledge - Computer Competency | |
| Agribusiness Core (27 hours) | 27 | |
| Food and Agricultural Marketing | ||
| Futures and Options Markets | ||
| Farm Business Management | ||
| Agricultural Law I | ||
| Agricultural Finance | ||
Choose 12 hours from MATH, STAT, AGEC or courses in WCOB or the Bumpers College. | ||
| Concentration Requirements | 18 | |
| Capstone Experience | 1-3 | |
| Internship in Agribusiness | ||
| Agribusiness Capstone | ||
| General Electives | 18-20 | |
| Total Hours | 120 | |
- 1
Course is a Departmental Communications requirement.
- 2
For any student majoring in Agricultural Business, the 21 hours of Agribusiness Prerequisite Core courses must be completed before a student can enroll in upper division courses in the following areas: Agribusiness Core, Concentration Requirements, and Capstone Experience.
- 3
Satisfies 3 hours of State Minimum Core Mathematics.
- 4
Satisfies 3 hours of State Minimum Core Social Sciences.
Additional Requirements for Agricultural Economics Concentration (18 hours):
| Complete the following three courses: | ||
| MATH 2053 | Finite Mathematics (or higher MATH course from the state minimum core, excluding MATH 2183) | 3 |
| ECON 3033 | Microeconomic Theory | 3 |
| ECON 3133 | Macroeconomic Theory | 3 |
| Choose 9 hours from the following three groups (students must select one course from each group): | 9 | |
| Policy Group | ||
| Principles of Environmental Economics | ||
| Environmental and Natural Resources Law | ||
| Legal Issues in Animal Agriculture | ||
| Agricultural and Rural Development | ||
| Food Economics and Health 1 | ||
| Political Economy of Agriculture and Food | ||
| International Agricultural Trade and Commercial Policy | ||
| Marketing Group | ||
| Agribusiness Sales | ||
| Agricultural Prices and Forecasting | ||
| Agribusiness Marketing Management | ||
| Basis Trading: Applied Price Risk Management | ||
| Basis Trading: Case Study | ||
| Food Economics and Health 1 | ||
| Management Group | ||
| Agribusiness Strategy | ||
| Agricultural Business Management | ||
| AgriBusiness Entrepreneurship | ||
| Advanced Farm Business Management | ||
| Total Hours | 18 | |
The approved list of courses, check sheet, and degree program for all concentrations is available in the Agricultural Economics and Agribusiness departmental office.
1AGEC 4603 may only be used in one group (no duplicates)
Agricultural Business B.S.A. with Agricultural Economics Concentration
Eight-Semester Degree Program
Students wishing to follow the degree plan in Agricultural Economics and Agribusiness should see the Eight-Semester Degree Policy in the Academic Regulations chapter for university requirements of the program. The Agricultural Economics and Agribusiness major has three concentrations: Agricultural Business Management and Marketing, Pre-Law, and Agricultural Economics.
| First Year | Units | |
|---|---|---|
| Fall | Spring | |
| ENGL 1013 Composition I (ACTS Equivalency = ENGL 1013) (Satisfies General Education Outcome 1.1) | 3 | |
| MATH 2043 Survey of Calculus (ACTS Equivalency = MATH 2203) (Satisfies General Education Outcome 2.1)1 | 3 | |
| U.S. History or Government State Minimum Core from (Satisfies General Education Outcome 4.2): | 3 | |
HIST 2003 History of the American People to 1877 (ACTS Equivalency = HIST 2113) | ||
HIST 2013 History of the American People, 1877 to Present (ACTS Equivalency = HIST 2123) | ||
PLSC 2003 American National Government (ACTS Equivalency = PLSC 2003) | ||
| Satisfies General Education Outcome 3.3: | ||
| AGEC 1103 Principles of Agricultural Microeconomics or ECON 2023 Principles of Microeconomics (ACTS Equivalency = ECON 2203) | 3 | |
| UNIV 1001 University Perspectives | 1 | |
| ASTM 2903 Agricultural and Human Environmental Sciences Applications of Microcomputers or ISYS 1123 Business Application Knowledge - Computer Competency | 3 | |
| ENGL 1023 Composition II (ACTS Equivalency = ENGL 1023) (Satisfies General Education Outcome 1.1) | 3 | |
| COMM 1313 Public Speaking (ACTS Equivalency = SPCH 1003) (Satisfies General Education Outcomes 1.2 and 5.1) | 3 | |
| Satisfies General Education Outcome 3.3: | ||
| AGEC 2103 Principles of Agricultural Macroeconomics or ECON 2013 Principles of Macroeconomics (ACTS Equivalency = ECON 2103) | 3 | |
| AGEC 2303 Introduction to Agribusiness (Satisfies General Education Outcome 4.1) | 3 | |
| AGEC 2143 Agribusiness Financial Records or ACCT 2013 Accounting Principles | 3 | |
| Year Total: | 16 | 15 |
| Second Year | Units | |
| Fall | Spring | |
| Select one from: | 3 | |
AGEC 2403 Quantitative Tools for Agribusiness | ||
STAT 2303 Principles of Statistics (ACTS Equivalency = MATH 2103) | ||
BUSI 1033 Data Analysis and Interpretation | ||
| MATH 2053 Finite Mathematics | 3 | |
| Fine Arts or Humanities State Minimum Core Elective (Satisfies General Education Outcome 3.1 or 3.2)2, 3 | 3 | |
| General Electives4 | 3 | |
| Science State Minimum Core Elective (Satisfies General Education Outcome 3.4) | 4 | |
| Social Sciences State Minimum Core from (Satisfies General Education Outcome 3.3): | 3 | |
PSYC 2003 General Psychology (ACTS Equivalency = PSYC 1103) | ||
HDFS 2603 Rural Families and Communities | ||
SOCI 2013 General Sociology (ACTS Equivalency = SOCI 1013) | ||
| Science State Minimum Core Elective (Satisfies General Education Outcome 3.4) | 4 | |
| AGEC 3303 Food and Agricultural Marketing | 3 | |
| General Electives4 | 2 | |
| AGEC Concentration Elective | 3 | |
| Year Total: | 16 | 15 |
| Third Year | Units | |
| Fall | Spring | |
| AGEC 3403 Farm Business Management | 3 | |
| AGEC 3373 Futures and Options Markets | 3 | |
| AGEC 3503 Agricultural Law I | 3 | |
| ECON 3033 Microeconomic Theory | 3 | |
| Communication Intensive Elective | 3 | |
| Fine Arts or Humanities State Minimum Core Elective (Satisfies General Education Outcome 3.1 or 3.2)2, 3 | 3 | |
| ECON 3133 Macroeconomic Theory | 3 | |
| Agribusiness Core Directed Electives | 3 | |
| General Electives4 | 6 | |
| Year Total: | 15 | 15 |
| Fourth Year | Units | |
| Fall | Spring | |
| AGEC 4143 Agricultural Finance | 3 | |
| AGEC Concentration Elective | 3 | |
| Agribusiness Core Directed Electives | 6 | |
| General Elective4 | 3 | |
| AGEC Concentration Elective | 3 | |
| Agribusiness Core Directed Electives | 3 | |
| Capstone Experience (Satisfies General Education Outcome 6.1) | 1-3 | |
| General Electives4 | 6 | |
| Year Total: | 15 | 13 |
| Total Units in Sequence: | 120 | |
- 1
Students have demonstrated successful completion of the learning indicators identified for
learning outcome 2.1, by meeting the prerequisites for MATH 1203 or MATH 1313.
- 2
The Fine Arts Elective courses which satisfy General Education Outcome 3.1 include:
ARCH 1003, ARHS 1003, COMM 1003, DANC 1003, LARC 1003, MLIT 1003,
MLIT 1003H, MLIT 1013, MLIT 1013H, MLIT 1333, THTR 1003, THTR 1013, or THTR 1013H.
- 3
The Humanities Elective courses which satisfy General Education Outcome 3.2 include: AAST 2023, ANTH 1033, ARCH 1013, CLST 1003, CLST 1003H, CLST 1013, COMM 1233, DANC 1003, ENGL 1213, ENGL 2023, GNST 2003, HIST 1113, HIST 1113H, HIST 1123, HIST 1123H, HIST 2003, HIST 2013, HUMN 1124H, HUMN 2213, LALS 2013, MRST 2013, MUSY 2003, MUSY 2003H, PHIL 2003, PHIL 2003C, PHIL 2003H, PHIL 2103, PHIL 2103C, PHIL 2303, THTR 1003, THTR 1013, THTR 1013H, WLIT 1113, WLIT 1123, or Intermediate-level world language (usually 2003-level).
- 4
Students must complete 40 hours of upper division courses (3000-4000 level). It is recommended that students consult with their academic adviser when making course selections.
Requirements for B.S.A. in Agricultural Business with Management and Marketing Concentration
Requirements for a Major in Agricultural Business
State minimum core and discipline specific general education requirements:
(Course work that meets state minimum core requirements is in bold.)
| University Requirements | ||
| UNIV 1001 | University Perspectives | 1 |
| Communications | 12 | |
Select English State Minimum Core Courses (6 hours unless exempt) | ||
| Public Speaking (ACTS Equivalency = SPCH 1003) 1 | ||
Select one of the following: | ||
| Communicating Agriculture to the Public | ||
| Issues in Agriculture | ||
| Communication Campaigns in Agriculture | ||
| Advanced Public Speaking | ||
| Interpersonal Communication | ||
| Introduction to Small-Group Communication | ||
| Persuasion | ||
| Crop, Soil, and Environmental Sciences Colloquium | ||
| Advanced Composition | ||
| Essay Writing | ||
| Technical and Professional Writing (ACTS Equivalency = ENGL 2023) | ||
| U.S. History or Government | 3 | |
| Select U.S. History or Government State Minimum Core Course | ||
| Science | 8 | |
| Select 2 Courses from Science State Minimum Core (8 total hours) | ||
| Fine Arts and Humanities | 6-7 | |
| Select Fine Arts and Humanities State Minimum Core Courses | ||
| Social Sciences (3 hours) | 3 | |
| Select one of the following: | ||
| General Psychology (ACTS Equivalency = PSYC 1103) | ||
| General Sociology (ACTS Equivalency = SOCI 1013) | ||
| Rural Families and Communities | ||
| AEAB Requirements | ||
| Agribusiness Prerequisite Core (21 hours) 2 | 21 | |
| Survey of Calculus (ACTS Equivalency = MATH 2203) (or higher MATH course from the University Core excluding MATH 2183) 3 | ||
| Quantitative Tools for Agribusiness | ||
or STAT 2303 | Principles of Statistics (ACTS Equivalency = MATH 2103) | |
or BUSI 1033 | Data Analysis and Interpretation | |
| Principles of Agricultural Microeconomics 4 | ||
or ECON 2023 | Principles of Microeconomics (ACTS Equivalency = ECON 2203) | |
| Principles of Agricultural Macroeconomics 4 | ||
or ECON 2013 | Principles of Macroeconomics (ACTS Equivalency = ECON 2103) | |
| Agribusiness Financial Records | ||
or ACCT 2013 | Accounting Principles | |
| Introduction to Agribusiness | ||
| Agricultural and Human Environmental Sciences Applications of Microcomputers | ||
or ISYS 1123 | Business Application Knowledge - Computer Competency | |
| Agribusiness Core (27 hours) | 27 | |
| Food and Agricultural Marketing | ||
| Futures and Options Markets | ||
| Farm Business Management | ||
| Agricultural Law I | ||
| Agricultural Finance | ||
Choose 12 hours from MATH, STAT, AGEC or courses in WCOB or the Bumpers College. | ||
| Concentration Requirements | 18 | |
| Capstone Experience | 1-3 | |
| Internship in Agribusiness | ||
| Agribusiness Capstone | ||
| General Electives | 18-20 | |
| Total Hours | 120 | |
- 1
Course is a Departmental Communications requirement.
- 2
For any student majoring in Agricultural Business, the 21 hours of Agribusiness Prerequisite Core courses must be completed before a student can enroll in upper division courses in the following areas: Agribusiness Core, Concentration Requirements, and Capstone Experience.
- 3
Satisfies 3 hours of State Minimum Core Mathematics.
- 4
Satisfies 3 hours of State Minimum Core Social Sciences.
Additional Requirements for Agribusiness Management and Marketing Concentration (18):
| Agribusiness Management and Marketing Concentration (18 hours) | ||
| Select 18 hours from the following three groups (students must select a minimum of one course from each group): | 18 | |
| Policy Group | ||
| Principles of Environmental Economics | ||
| Environmental and Natural Resources Law | ||
| Legal Issues in Animal Agriculture | ||
| Agricultural and Rural Development | ||
| Political Economy of Agriculture and Food | ||
| International Agricultural Trade and Commercial Policy | ||
| Food Economics and Health 1 | ||
| Marketing Group | ||
| Agribusiness Sales | ||
| Agricultural Prices and Forecasting | ||
| Agribusiness Marketing Management | ||
| Basis Trading: Applied Price Risk Management | ||
| Basis Trading: Case Study | ||
| Food Economics and Health 1 | ||
| Management Group | ||
| Agribusiness Strategy | ||
| Agricultural Business Management | ||
| AgriBusiness Entrepreneurship | ||
| Advanced Farm Business Management | ||
| Total Hours | 18 | |
1AGEC 4603 may only be used in one group (no duplicates).
Agricultural Business B.S.A. with Management and Marketing Concentration
Eight-Semester Degree Program
Students wishing to follow the degree plan in Agricultural Economics and Agribusiness should see the Eight-Semester Degree Policy in the Academic Regulations chapter for university requirements of the program. The Agricultural Economics and Agribusiness major has three concentrations: Agricultural Business Management and Marketing, Pre-Law, and Agricultural Economics.
| First Year | Units | |
|---|---|---|
| Fall | Spring | |
| ENGL 1013 Composition I (ACTS Equivalency = ENGL 1013) (Unless Exempt) (Satisfies General Education Outcome 1.1) | 3 | |
| MATH 2043 Survey of Calculus (ACTS Equivalency = MATH 2203) ((or higher math from the State Minimum Core excluding MATH 2183) (Satisfies General Education Outcome 2.1)1 | 3 | |
| U.S. History or Government State Minimum Core from (Satisfies General Education Outcome 4.2): | 3 | |
HIST 2003 History of the American People to 1877 (ACTS Equivalency = HIST 2113) | ||
HIST 2013 History of the American People, 1877 to Present (ACTS Equivalency = HIST 2123) | ||
PLSC 2003 American National Government (ACTS Equivalency = PLSC 2003) | ||
| Satisfies General Education Outcome 3.3: | ||
| AGEC 1103 Principles of Agricultural Microeconomics or ECON 2023 Principles of Microeconomics (ACTS Equivalency = ECON 2203) | 3 | |
| General Elective | 3 | |
| UNIV 1001 University Perspectives | 1 | |
| ENGL 1023 Composition II (ACTS Equivalency = ENGL 1023) (Unless Exempt (Satisfies General Education Outcome 1.1) | 3 | |
| COMM 1313 Public Speaking (ACTS Equivalency = SPCH 1003) (Satisfies General Education Outcomes 1.2 and 5.1) | 3 | |
| AGEC 2103 Principles of Agricultural Macroeconomics (Satisfies General Education Outcome 3.3) or ECON 2013 Principles of Macroeconomics (ACTS Equivalency = ECON 2103) | 3 | |
| AGEC 2303 Introduction to Agribusiness (Satisfies General Education Outcome 4.1) | 3 | |
| ASTM 2903 Agricultural and Human Environmental Sciences Applications of Microcomputers or ISYS 1123 Business Application Knowledge - Computer Competency | 3 | |
| Year Total: | 16 | 15 |
| Second Year | Units | |
| Fall | Spring | |
| Select one from: | 3 | |
AGEC 2403 Quantitative Tools for Agribusiness | ||
STAT 2303 Principles of Statistics (ACTS Equivalency = MATH 2103) | ||
WCOB 1033 | ||
| Fine Arts or Humanities State Minimum Core Elective (Satisfies General Education Outcome 3.1 or 3.2)2, 3 | 3 | |
| Science State Minimum Core Elective (Satisfies General Education Outcome 3.4) | 4 | |
| AGEC 2143 Agribusiness Financial Records or ACCT 2013 Accounting Principles | 3 | |
| General Elective4 | 3 | |
| Select one of the following (Satisfies General Education Outcome 3.3): | 3 | |
HDFS 2603 Rural Families and Communities | ||
PSYC 2003 General Psychology (ACTS Equivalency = PSYC 1103) | ||
SOCI 2013 General Sociology (ACTS Equivalency = SOCI 1013) | ||
| Science State Minimum Core Elective (Satisfies General Education Outcome 3.4) | 4 | |
| AGEC 3303 Food and Agricultural Marketing | 3 | |
| Communication Intensive Elective | 3 | |
| General Elective4 | 2 | |
| Year Total: | 16 | 15 |
| Third Year | Units | |
| Fall | Spring | |
| AGEC 3373 Futures and Options Markets | 3 | |
| AGEC 3403 Farm Business Management | 3 | |
| AGEC 3503 Agricultural Law I | 3 | |
| General Elective4 | 6 | |
| Fine Arts or Humanities State Minimum Core Elective (Satisfies General Education Outcome 3.1 or 3.2) 2, 3 | 3 | |
| ABMM Concentration Electives | 6 | |
| Agribusiness Core Directed Electives | 3 | |
| General Elective4 | 3 | |
| Year Total: | 15 | 15 |
| Fourth Year | Units | |
| Fall | Spring | |
| AGEC 4143 Agricultural Finance | 3 | |
| ABMM Concentration Electives | 6 | |
| Agribusiness Core Directed Electives | 3 | |
| General Elective4 | 3 | |
| ABMM Concentration Elective | 6 | |
| Agribusiness Core Directed Electives | 6 | |
| Capstone Experience (Satisfies General Education Outcome 6.1) | 1-3 | |
| Year Total: | 15 | 13 |
| Total Units in Sequence: | 120 | |
- 1
Students have demonstrated successful completion of the learning indicators identified for learning outcome 2.1, by meeting the prerequisites for MATH 1203 or MATH 1313.
- 2
The Fine Arts Elective courses which satisfy General Education Outcome 3.1 include: ARCH 1003, ARHS 1003, COMM 1003, DANC 1003, LARC 1003, MLIT 1003, MLIT 1003H, MLIT 1013, MLIT 1013H, MLIT 1333, THTR 1003, THTR 1013, or THTR 1013H.
- 3
The Humanities Elective courses which satisfy General Education Outcome 3.2 include: AAST 2023, ANTH 1033, ARCH 1013, CLST 1003, CLST 1003H, CLST 1013, COMM 1233, DANC 1003, ENGL 1213, ENGL 2023, GNST 2003, HIST 1113, HIST 1113H, HIST 1123, HIST 1123H, HIST 2003, HIST 2013, HUMN 1124H, HUMN 2213, LALS 2013, MRST 2013, MUSY 2003, MUSY 2003H, PHIL 2003, PHIL 2003C, PHIL 2003H, PHIL 2103, PHIL 2103C, PHIL 2303, THTR 1003, THTR 1013, THTR 1013H, WLIT 1113, WLIT 1123, or intermediate-level world language (usually 2003-level).
- 4
Students must complete 40 hours of upper division courses (3000-4000 level). It is recommended that students consult with their academic adviser when making course selections.
Requirements for B.S.A. in Agricultural Business with Pre-Law Concentration
Requirements for a Major in Agricultural Business
State minimum core and discipline specific general education requirements:
(Course work that meets state minimum core requirements is in bold.)
| University Requirements | ||
| UNIV 1001 | University Perspectives | 1 |
| Communications | 12 | |
Select English State Minimum Core Courses (6 hours unless exempt) | ||
| Public Speaking (ACTS Equivalency = SPCH 1003) 1 | ||
Select one of the following: | ||
| Communicating Agriculture to the Public | ||
| Issues in Agriculture | ||
| Communication Campaigns in Agriculture | ||
| Advanced Public Speaking | ||
| Interpersonal Communication | ||
| Introduction to Small-Group Communication | ||
| Persuasion | ||
| Crop, Soil, and Environmental Sciences Colloquium | ||
| Advanced Composition | ||
| Essay Writing | ||
| Technical and Professional Writing (ACTS Equivalency = ENGL 2023) | ||
| U.S. History or Government | 3 | |
| Select U.S. History or Government State Minimum Core Course | ||
| Science | 8 | |
| Select 2 Courses from Science State Minimum Core (8 total hours) | ||
| Fine Arts and Humanities | 6-7 | |
| Select Fine Arts and Humanities State Minimum Core Courses | ||
| Social Sciences (3 hours) | 3 | |
| Select one of the following: | ||
| General Psychology (ACTS Equivalency = PSYC 1103) | ||
| General Sociology (ACTS Equivalency = SOCI 1013) | ||
| Rural Families and Communities | ||
| AEAB Requirements | ||
| Agribusiness Prerequisite Core (21 hours) 2 | 21 | |
| Survey of Calculus (ACTS Equivalency = MATH 2203) (or higher MATH course from the University Core excluding MATH 2183) 3 | ||
| Quantitative Tools for Agribusiness | ||
or STAT 2303 | Principles of Statistics (ACTS Equivalency = MATH 2103) | |
or BUSI 1033 | Data Analysis and Interpretation | |
| Principles of Agricultural Microeconomics 4 | ||
or ECON 2023 | Principles of Microeconomics (ACTS Equivalency = ECON 2203) | |
| Principles of Agricultural Macroeconomics 4 | ||
or ECON 2013 | Principles of Macroeconomics (ACTS Equivalency = ECON 2103) | |
| Agribusiness Financial Records | ||
or ACCT 2013 | Accounting Principles | |
| Introduction to Agribusiness | ||
| Agricultural and Human Environmental Sciences Applications of Microcomputers | ||
or ISYS 1123 | Business Application Knowledge - Computer Competency | |
| Agribusiness Core (27 hours) | 27 | |
| Food and Agricultural Marketing | ||
| Futures and Options Markets | ||
| Farm Business Management | ||
| Agricultural Law I | ||
| Agricultural Finance | ||
Choose 12 hours from MATH, STAT, AGEC or courses in WCOB or the Bumpers College. | ||
| Concentration Requirements | 18 | |
| Capstone Experience | 1-3 | |
| Internship in Agribusiness | ||
| Agribusiness Capstone | ||
| General Electives | 18-20 | |
| Total Hours | 120 | |
- 1
Course is a Departmental Communications requirement.
- 2
For any student majoring in Agricultural Business, the 21 hours of Agribusiness Prerequisite Core courses must be completed before a student can enroll in upper division courses in the following areas: Agribusiness Core, Concentration Requirements, and Capstone Experience.
- 3
Satisfies 3 hours of State Minimum Core Mathematics.
- 4
Satisfies 3 hours of State Minimum Core Social Sciences.
Additional Requirements for Pre-Law Concentration (18 hours):
| AGEC 3523 | Environmental and Natural Resources Law | 3 |
| or AGEC 4123 | Legal Issues in Animal Agriculture | |
| Select 15 hours from at least two of the following areas: | 15 | |
Area 1 | ||
| The Legal Environment of Business (ACTS Equivalency = BLAW 2003) | ||
| Commercial Law | ||
Area 2 | ||
| Advanced Public Speaking | ||
| Persuasion | ||
| Introduction to Rhetorical Theory | ||
| Legal Communication | ||
Area 3 | ||
| Introduction to Philosophy (ACTS Equivalency = PHIL 1103) | ||
| Introduction to Ethics (ACTS Equivalency = PHIL 1003) | ||
| Logic (ACTS Equivalency = PHIL 1003) | ||
| Ethics and the Professions | ||
| Philosophy of Law | ||
Area 4 | ||
| Public Administration | ||
| Public Policy | ||
| The Judicial Process | ||
| Administrative Law | ||
| The U.S. Constitution I | ||
| The U.S. Constitution II | ||
Area 5 | ||
AGEC (any upper level) 1 | ||
| Total Hours | 18 | |
1 AGEC courses in the Policy Group are strongly recommended. Policy Group courses include: AGEC 3413, AGEC 3523, AGEC 4123, AGEC 4163, AGEC 4603, AGEC 4613, and AGEC 4623.
3/3 Program – Agriculture
Exceptional students in the pre-law concentration in the Dale Bumpers College of Agricultural, Food and Life Sciences may enroll in the School of Law in their fourth year provided that all requirements have been met. Students must have:
- Completed all university, college, and major course requirements for the pre-law concentration;
- Completed 12 hours in the specialization list for pre-law;
- Earned a cumulative GPA of at least 3.50 without grade renewal; and
- Received an LSAT score of at least 159.
A student admitted to this program may substitute School of Law course work for the remaining total hours required for the bachelor’s degree in agricultural business.
It is a requirement of the School of Law’s accrediting standards that no student be admitted to the School of Law until they have completed at least three-fourths of the work necessary for the baccalaureate degree. The requirements embodied in the 3/3 programs satisfy this requirement.
Agricultural Business B.S.A. with Pre-Law Concentration
Eight-Semester Degree Program
Students wishing to follow the degree plan in Agricultural Economics and Agribusiness should see the Eight-Semester Degree Policy in the Academic Regulations chapter for university requirements of the program. The Agricultural Economics and Agribusiness major has three concentrations: Agricultural Business Management and Marketing, Pre-Law, and Agricultural Economics.
| First Year | Units | |
|---|---|---|
| Fall | Spring | |
| ENGL 1013 Composition I (ACTS Equivalency = ENGL 1013) (Satisfies General Education Outcome 1.1) | 3 | |
| MATH 2043 Survey of Calculus (ACTS Equivalency = MATH 2203) (or higher MATH course from the State Minimum Core excluding MATH 2183 (Satisfies General Education Outcome 2.1)1 | 3 | |
| U.S. History or Government State Minimum Core from (Satisfies General Education Outcome 4.2): | 3 | |
HIST 2003 History of the American People to 1877 (ACTS Equivalency = HIST 2113) | ||
HIST 2013 History of the American People, 1877 to Present (ACTS Equivalency = HIST 2123) | ||
PLSC 2003 American National Government (ACTS Equivalency = PLSC 2003) | ||
| Satisfies General Education Outcome 3.3: | ||
| AGEC 1103 Principles of Agricultural Microeconomics or ECON 2023 Principles of Microeconomics (ACTS Equivalency = ECON 2203) | 3 | |
| General Elective | 3 | |
| UNIV 1001 University Perspectives | 1 | |
| ENGL 1023 Composition II (ACTS Equivalency = ENGL 1023) (Satisfies General Education Outcome 1.1) | 3 | |
| COMM 1313 Public Speaking (ACTS Equivalency = SPCH 1003) (Satisfies General Education Outcomes 1.2 and 5.1) | 3 | |
| Satisfies General Education Outcome 3.3: | ||
| AGEC 2103 Principles of Agricultural Macroeconomics or ECON 2013 Principles of Macroeconomics (ACTS Equivalency = ECON 2103) | 3 | |
| AGEC 2303 Introduction to Agribusiness (Satisfies General Education Outcome 4.1) | 3 | |
| ASTM 2903 Agricultural and Human Environmental Sciences Applications of Microcomputers or ISYS 1123 Business Application Knowledge - Computer Competency | 3 | |
| Year Total: | 16 | 15 |
| Second Year | Units | |
| Fall | Spring | |
| Communication Intensive Elective | 3 | |
| Select one from: | 3 | |
AGEC 2403 Quantitative Tools for Agribusiness | ||
STAT 2303 Principles of Statistics (ACTS Equivalency = MATH 2103) | ||
| Fine Arts or Humanities State Minimum Core Elective (Satisfies General Education Outcome 3.1 or 3.2)2, 3 | 3 | |
| Science State Minimum Core Elective (Satisfies General Education Outcome 3.4) | 4 | |
| AGEC 2143 Agribusiness Financial Records or ACCT 2013 Accounting Principles | 3 | |
| Social Sciences State Minimum Core from (Satisfies General Education Outcome 3.3): | 3 | |
PSYC 2003 General Psychology (ACTS Equivalency = PSYC 1103) | ||
HDFS 2603 Rural Families and Communities | ||
SOCI 2013 General Sociology (ACTS Equivalency = SOCI 1013) | ||
| Science State Minimum Core Elective (Satisfies General Education Outcome 3.4) | 4 | |
| AGEC 3303 Food and Agricultural Marketing | 3 | |
| General Electives | 6 | |
| Year Total: | 16 | 16 |
| Third Year | Units | |
| Fall | Spring | |
| Fine Arts or Humanities State Minimum Core Elective (Satisfies General Education Outcome 3.1 or 3.2)2, 3 | 3 | |
| AGEC 3403 Farm Business Management | 3 | |
| AGEC 3373 Futures and Options Markets | 3 | |
| AGEC 3503 Agricultural Law I | 3 | |
| General Elective4 | 3 | |
| AGEC 3523 Environmental and Natural Resources Law or AGEC 4123 Legal Issues in Animal Agriculture | 3 | |
| Agribusiness Core Directed Electives | 3 | |
| PRLW Concentration Electives | 6 | |
| General Elective4 | 3 | |
| Year Total: | 15 | 15 |
| Fourth Year | Units | |
| Fall | Spring | |
| AGEC 4143 Agricultural Finance | 3 | |
| Agribusiness Core Directed Electives | 3 | |
| PRLW Concentration Electives | 6 | |
| General Elective4 | 3 | |
| Agribusiness Core Directed Electives | 6 | |
| PRLW Concentration Electives | 3 | |
| Capstone Experience (Satisfies General Education Outcome 6.1) | 1-3 | |
| General Elective4 | 2 | |
| Year Total: | 15 | 12 |
| Total Units in Sequence: | 120 | |
- 1
Students have demonstrated successful completion of the learning indicators identified for learning outcome 2.1, by meeting the prerequisites for MATH 1203 or MATH 1313.
- 2
The Fine Arts Elective courses which satisfy General Education Outcome 3.1 include:
ARCH 1003, ARHS 1003, COMM 1003, DANC 1003, LARC 1003, MLIT 1003,
MLIT 1003H, MLIT 1013, MLIT 1013H, MLIT 1333, THTR 1003, THTR 1013, or THTR 1013H.- 3
The Humanities Elective courses which satisfy General Education Outcome 3.2 include: AAST 2023, ANTH 1033, ARCH 1013, CLST 1003, CLST 1003H, CLST 1013,
COMM 1233, DANC 1003, ENGL 1213, ENGL 2023, GNST 2003, HIST 1113,
HIST 1113H, HIST 1123, HIST 1123H, HIST 2003, HIST 2013, HUMN 1124H,
HUMN 2213, LALS 2013, MRST 2013, MUSY 2003, MUSY 2003H, PHIL 2003,
PHIL 2003C, PHIL 2003H, PHIL 2103, PHIL 2103C, PHIL 2303, THTR 1003,
THTR 1013, THTR 1013H, WLIT 1113, WLIT 1123, or intermediate-level world language (usually 2003-level).- 4
Students must complete 40 hours of upper division courses (3000-4000 level). It is recommended that students consult with their academic adviser when making course selections.
Requirements for B.S.A. in Agricultural Business with Risk Management Concentration
Requirements for a Major in Agricultural Business
State minimum core and discipline specific general education requirements:
(Course work that meets state minimum core requirements is in bold.)
| University Requirements | ||
| UNIV 1001 | University Perspectives | 1 |
| Communications | 12 | |
Select English State Minimum Core Courses (6 hours unless exempt) | ||
| Public Speaking (ACTS Equivalency = SPCH 1003) 1 | ||
Select one of the following: | ||
| Communicating Agriculture to the Public | ||
| Issues in Agriculture | ||
| Communication Campaigns in Agriculture | ||
| Advanced Public Speaking | ||
| Interpersonal Communication | ||
| Introduction to Small-Group Communication | ||
| Persuasion | ||
| Crop, Soil, and Environmental Sciences Colloquium | ||
| Advanced Composition | ||
| Essay Writing | ||
| Technical and Professional Writing (ACTS Equivalency = ENGL 2023) | ||
| U.S. History or Government | 3 | |
| Select U.S. History or Government State Minimum Core Course | ||
| Science | 8 | |
| Select 2 Courses from Science State Minimum Core (8 total hours) | ||
| Fine Arts and Humanities | 6-7 | |
| Select Fine Arts and Humanities State Minimum Core Courses | ||
| Social Sciences (3 hours) | 3 | |
| Select one of the following: | ||
| General Psychology (ACTS Equivalency = PSYC 1103) | ||
| General Sociology (ACTS Equivalency = SOCI 1013) | ||
| Rural Families and Communities | ||
| AEAB Requirements | ||
| Agribusiness Prerequisite Core (21 hours) 2 | 21 | |
| Survey of Calculus (ACTS Equivalency = MATH 2203) (or higher MATH course from the University Core excluding MATH 2183) 3 | ||
| Quantitative Tools for Agribusiness | ||
or STAT 2303 | Principles of Statistics (ACTS Equivalency = MATH 2103) | |
or BUSI 1033 | Data Analysis and Interpretation | |
| Principles of Agricultural Microeconomics 4 | ||
or ECON 2023 | Principles of Microeconomics (ACTS Equivalency = ECON 2203) | |
| Principles of Agricultural Macroeconomics 4 | ||
or ECON 2013 | Principles of Macroeconomics (ACTS Equivalency = ECON 2103) | |
| Agribusiness Financial Records | ||
or ACCT 2013 | Accounting Principles | |
| Introduction to Agribusiness | ||
| Agricultural and Human Environmental Sciences Applications of Microcomputers | ||
or ISYS 1123 | Business Application Knowledge - Computer Competency | |
| Agribusiness Core (27 hours) | 27 | |
| Food and Agricultural Marketing | ||
| Futures and Options Markets | ||
| Farm Business Management | ||
| Agricultural Law I | ||
| Agricultural Finance | ||
Choose 12 hours from MATH, STAT, AGEC or courses in WCOB or the Bumpers College. | ||
| Concentration Requirements | 18 | |
| Capstone Experience | 1-3 | |
| Internship in Agribusiness | ||
| Agribusiness Capstone | ||
| General Electives | 18-20 | |
| Total Hours | 120 | |
- 1
Course is a Departmental Communications requirement.
- 2
For any student majoring in Agricultural Business, the 21 hours of Agribusiness Prerequisite Core courses must be completed before a student can enroll in upper division courses in the following areas: Agribusiness Core, Concentration Requirements, and Capstone Experience.
- 3
Satisfies 3 hours of State Minimum Core Mathematics.
- 4
Satisfies 3 hours of State Minimum Core Social Sciences.
Additional Requirements for Agribusiness Risk Management Concentration (18 hours):
| Complete each of the following courses: | ||
| AGEC 4113 | Agricultural Prices and Forecasting | 3 |
| AGEC 4373 | Basis Trading: Applied Price Risk Management | 3 |
| ECON 3033 | Microeconomic Theory | 3 |
| FINN 3053 | Financial Markets and Institutions | 3 |
| FINN 3623 | Risk Management | 3 |
| FINN 3703 | International Finance | 3 |
| Total Hours | 18 | |
The approved list of courses, check sheet, and degree program for all concentrations is available in the Agricultural Economics and Agribusiness departmental office.
Agricultural Business B.S.A. with Agribusiness Risk Management Concentration
Eight-Semester Degree Program
Students wishing to follow the degree plan in Agricultural Economics and Agribusiness should see the Eight-Semester Degree Policy in the Academic Regulations chapter for university requirements of the program.
| First Year | Units | |
|---|---|---|
| Fall | Spring | |
| ENGL 1013 Composition I (ACTS Equivalency = ENGL 1013) (Unless Exempt) (Satisfies General Education Outcome 1.1) | 3 | |
| MATH 2043 Survey of Calculus (ACTS Equivalency = MATH 2203) ((or higher math from the State Minimum Core excluding MATH 2183) (Satisfies General Education Outcome 2.1)1 | 3 | |
| U.S. History or Government State Minimum Core from (Satisfies General Education Outcome 4.2): | 3 | |
HIST 2003 History of the American People to 1877 (ACTS Equivalency = HIST 2113) | ||
HIST 2013 History of the American People, 1877 to Present (ACTS Equivalency = HIST 2123) | ||
PLSC 2003 American National Government (ACTS Equivalency = PLSC 2003) | ||
| Satisfies General Education Outcome 3.3: | ||
| AGEC 1103 Principles of Agricultural Microeconomics or ECON 2023 Principles of Microeconomics (ACTS Equivalency = ECON 2203) | 3 | |
| General Elective | 3 | |
| UNIV 1001 University Perspectives | 1 | |
| ENGL 1023 Composition II (ACTS Equivalency = ENGL 1023) (Unless Exempt (Satisfies General Education Outcome 1.1) | 3 | |
| COMM 1313 Public Speaking (ACTS Equivalency = SPCH 1003) (Satisfies General Education Outcomes 1.2 and 5.1) | 3 | |
| Satisfies General Education Outcome 3.3: | ||
| AGEC 2103 Principles of Agricultural Macroeconomics or ECON 2013 Principles of Macroeconomics (ACTS Equivalency = ECON 2103) | 3 | |
| AGEC 2303 Introduction to Agribusiness (Satisfies General Education Outcome 4.1) | 3 | |
| ASTM 2903 Agricultural and Human Environmental Sciences Applications of Microcomputers or ISYS 1123 Business Application Knowledge - Computer Competency | 3 | |
| Year Total: | 16 | 15 |
| Second Year | Units | |
| Fall | Spring | |
| Select one from: | 3 | |
AGEC 2403 Quantitative Tools for Agribusiness | ||
STAT 2303 Principles of Statistics (ACTS Equivalency = MATH 2103) | ||
BUSI 1033 Data Analysis and Interpretation | ||
| Fine Arts or Humanities State Minimum Core Elective (Satisfies General Education Outcome 3.1 or 3.2)2, 3 | 3 | |
| Science State Minimum Core Elective (Satisfies General Education Outcome 3.4) | 4 | |
| AGEC 2143 Agribusiness Financial Records or ACCT 2013 Accounting Principles | 3 | |
| General Elective4 | 3 | |
| Select one of the following (Satisfies General Education Outcome 3.3): | 3 | |
HDFS 2603 Rural Families and Communities | ||
PSYC 2003 General Psychology (ACTS Equivalency = PSYC 1103) | ||
SOCI 2013 General Sociology (ACTS Equivalency = SOCI 1013) | ||
| Science State Minimum Core Elective (Satisfies General Education Outcome 3.4) | 4 | |
| AGEC 3303 Food and Agricultural Marketing | 3 | |
| Communication Intensive Elective | 3 | |
| General Elective4 | 2 | |
| Year Total: | 16 | 15 |
| Third Year | Units | |
| Fall | Spring | |
| AGEC 3373 Futures and Options Markets | 3 | |
| AGEC 3403 Farm Business Management | 3 | |
| AGEC 3503 Agricultural Law I | 3 | |
| General Elective4 | 6 | |
| Fine Arts or Humanities State Minimum Core Elective (Satisfies General Education Outcome 3.1 or 3.2) 2, 3 | 3 | |
| ABRM Concentration Electives | 6 | |
| Agribusiness Core Directed Electives | 3 | |
| General Elective4 | 3 | |
| Year Total: | 15 | 15 |
| Fourth Year | Units | |
| Fall | Spring | |
| AGEC 4143 Agricultural Finance | 3 | |
| ABRM Concentration Electives | 6 | |
| Agribusiness Core Directed Electives | 3 | |
| General Elective4 | 3 | |
| ABRM Concentration Elective | 6 | |
| Agribusiness Core Directed Electives | 6 | |
| Capstone Experience (Satisfies General Education Outcome 6.1) | 1-3 | |
| Year Total: | 15 | 13 |
| Total Units in Sequence: | 120 | |
- 1
Students have demonstrated successful completion of the learning indicators identified for learning outcome 2.1, by meeting the prerequisites for MATH 1203 or MATH 1313.
- 2
The Fine Arts Elective courses which satisfy General Education Outcome 3.1 include: ARCH 1003, ARHS 1003, COMM 1003, DANC 1003, LARC 1003, MLIT 1003, MLIT 1003H, MLIT 1013, MLIT 1013H, MLIT 1333, THTR 1003, THTR 1013, or THTR 1013H.
- 3
The Humanities Elective courses which satisfy General Education Outcome 3.2 include: AAST 2023, ANTH 1033, ARCH 1013, CLST 1003, CLST 1003H, CLST 1013, COMM 1233, DANC 1003, ENGL 1213, ENGL 2023, GNST 2003, HIST 1113, HIST 1113H, HIST 1123, HIST 1123H, HIST 2003, HIST 2013, HUMN 1124H, HUMN 2213, LALS 2013, MRST 2013, MUSY 2003, MUSY 2003H, PHIL 2003, PHIL 2003C, PHIL 2003H, PHIL 2103, PHIL 2103C, PHIL 2303, THTR 1003, THTR 1013, THTR 1013H, WLIT 1113, WLIT 1123, or intermediate-level world language (usually 2003-level).
- 4
Students must complete 40 hours of upper division courses (3000-4000 level). It is recommended that students consult with their academic adviser when making course selections.
Minor in Agricultural Business (AGBS-M)
The Agricultural Business Minor will consist of 21 semester hours to include:
| Core Requirements (9 hours) 1 | ||
| AGEC 1103 | Principles of Agricultural Microeconomics | 3 |
| or ECON 2023 | Principles of Microeconomics (ACTS Equivalency = ECON 2203) | |
| AGEC 2303 | Introduction to Agribusiness | 3 |
| or AGEC 2103 | Principles of Agricultural Macroeconomics | |
| or ECON 2013 | Principles of Macroeconomics (ACTS Equivalency = ECON 2103) | |
| ASTM 2903 | Agricultural and Human Environmental Sciences Applications of Microcomputers | 3 |
| or ISYS 1123 | Business Application Knowledge - Computer Competency | |
| Select two of the following Core Electives (6 hours): | 6 | |
| Agribusiness Financial Records | ||
or ACCT 2013 | Accounting Principles | |
| Quantitative Tools for Agribusiness | ||
or STAT 2303 | Principles of Statistics (ACTS Equivalency = MATH 2103) | |
or BUSI 1033 | Data Analysis and Interpretation | |
| Food and Agricultural Marketing | ||
| Agribusiness Sales | ||
| Futures and Options Markets | ||
| Farm Business Management | ||
| Agricultural Law I | ||
| Agricultural Finance | ||
| Select two of the following Controlled Electives (6 hours): | 6 | |
Any upper division AGEC course not already used | ||
| Integrated Poultry Management Systems | ||
Approved substitutions 2 | ||
| Total Hours | 21 | |
- 1
For any student minoring in Agricultural Business, all 9 hours of Core Requirements must be completed before enrolling in upper division Core Elective or Controlled Elective courses.
- 2
Additional upper-division courses in the Sam M. Walton College of Business may be substituted with approval, provided prerequisites for those courses have been satisfied outside the minor. A minimum of six hours of upper-division AGEC courses without substitution is required for the minor.
A student planning to minor in Agricultural Business should contact the program adviser for consultation and more detailed information.
Minor in International Economic Development (INDV-M)
| Course Requirements | ||
| Successfully complete four of the following five courses: | 12 | |
| Agricultural and Rural Development | ||
| International Agricultural Trade and Commercial Policy | ||
| Economics of the Developing World | ||
| Emerging Markets | ||
| International Trade | ||
| Take a minimum of 3 hours of pre-approved study abroad experience | 3 | |
| Total Hours | 15 | |
Faculty
Ahrendsen, Bruce L., Ph.D., M.S. (North Carolina State University), B.S. (Iowa State University), Professor, 1990, 2007.
Anderson, John D., Ph.D. (Oklahoma State University), M.S. (Arkansas State University), B.S. (College of the Ozarks), Professor, 2020.
Cochran, Mark J., Ph.D., M.S. (Michigan State University), B.S. (New Mexico State University), Professor, 1982, 1991.
Durand-Morat, Alvaro, Ph.D., M.S. (University of Arkansas), B.S.E. (National University of Entre Rios), Assistant Professor, 2016.
Fang, Di, Ph.D., W.P. (Arizona State University), B.A. (Nankai University), Assistant Professor, 2015.
Huang, Quiqiong, Ph.D. (University of California-Davis), B.S. (Remin University of China), Professor, 2013, 2018.
Kemper, Nathan, Ph.D., M.S. (University of Arkansas), B.S. (Missouri State University), Clinical Professor, 2014.
Kovacs, Kent F., Ph.D. (University of California-Davis), B.A. (Vassar College), Associate Professor, 2012, 2018.
Lawson, Connor, Ph.D., M.E. (North Carolina State University), B.A. (Macalester College), Assistant Professor, 2022.
McKenzie, Andrew Malcolm, Ph.D. (North Carolina State University), M.Sc. (Stirling University), B.Admin. (University of Dundee), Professor, 1998, 2010.
Mitchell, James, Ph.D. (Kansas State University), M.S., B.S. (Oklahoma State University), Extension Assistant Professor, 2020.
Nalley, Lawton Lanier, Ph.D. (Kansas State University), M.S. (Mississippi State University), B.S. (The Ohio State University), Professor, 2008, 2018.
Popp, Jennie Sheerin, Ph.D., M.S. (Colorado State University), B.S. (University of Scranton), Professor, 1998, 2010.
Popp, Michael P., Ph.D. (Colorado State University), M.B.A. (University of Colorado-Boulder), B.Comm. (University of Manitoba), Professor, 1998, 2006.
Rainey, Daniel V., Ph.D., M.S. (Purdue University), B.S.A. (University of Arkansas), Associate Professor, 2000, 2006.
Rainey, Ronald L., Ph.D., M.S., B.S.A. (University of Arkansas), Professor, 1993, 2012.
Rumley, Rusty W., J.D. (University of Oklahoma), Research Assistant Professor, 2009.
Shew, Aaron M., Ph.D., M.S., M.A. (University of Arkansas), B.S., B.A. (Middle Tennessee State University), Assistant Professor, 2021.
Tester, Colson, M.S., B.S. (University of Arkansas), Instructor, 2020.
Thomsen, Michael R., Ph.D. (University of Minnesota-Morris), M.S., B.S. (Utah State University), Professor, 1998, 2015.
Watkins, Kenton Bradley, Ph.D. (Oklahoma State University), M.S., B.A. (University of Arkansas), Professor, 2002, 2014.
Courses
AGEC 1103. Principles of Agricultural Microeconomics. 3 Hours.
Introduction to agricultural economics, including a survey of the role and characteristics of agriculture businesses in our economic system. Basic economic concepts concerning price determination, profit maximization, and resource use are emphasized. The use of economic principles as applied to the production and marketing decisions made by managers of agricultural firms is demonstrated. Credit will be allowed for only one of AGEC 1103 or ECON 2023 or ECON 2023H. Pre- or Corequisite: MATH 1203. (Typically offered: Fall, Spring and Summer)
This course is cross-listed with ECON 2023.
AGEC 1103H. Honors Principles of Agricultural Microeconomics. 3 Hours.
Introduction to agricultural economics, including a survey of the role and characteristics of agriculture businesses in our economic system. Basic economic concepts concerning price determination, profit maximization, and resource use are emphasized. The use of economic principles as applied to the production and marketing decisions made by managers of agricultural firms is demonstrated. Credit will be allowed for only one of AGEC 1103 or ECON 2023 or ECON 2023H. Pre- or Corequisite: MATH 1203. (Typically offered: Fall and Spring)
This course is cross-listed with ECON 2023, AGEC 1103.
AGEC 2103. Principles of Agricultural Macroeconomics. 3 Hours.
Applications of economics principles to problems of agricultural production, distribution, and income; including a study of the interrelationship between agriculture and other segments of the economy; and the dynamic forces in the economy which affect agriculture. Credit will be allowed for only one of AGEC 2103 or AGEC 2103H or ECON 2013 or ECON 2013H. Pre- or Corequisite: MATH 1203. (Typically offered: Fall and Spring)
This course is cross-listed with ECON 2013.
AGEC 2103H. Honors Principles of Agricultural Macroeconomics. 3 Hours.
Applications of economics principles to problems of agricultural production, distribution, and income; including a study of the interrelationship between agriculture and other segments of the economy; and the dynamic forces in the economy which affect agriculture. Credit will be allowed for only one of AGEC 2103 or AGEC 2103H or ECON 2013 or ECON 2013H. Pre- or Corequisite: MATH 1203. Prerequisite: Honors standing. (Typically offered: Fall and Spring)
This course is cross-listed with ECON 2013, AGEC 2103.
AGEC 2143. Agribusiness Financial Records. 3 Hours.
Principles of small agricultural business management accounting practices are taught to allow students to gain hands-on experience with financial record keeping for a business. Resulting financial statements are analyzed to determine opportunities for enhancing financial efficiency. Prerequisite: (ASTM 2903 or ISYS 1123) and (AGEC 1103 or ECON 2023 or ECON 2143). (Typically offered: Fall)
AGEC 2303. Introduction to Agribusiness. 3 Hours.
Introduction to agribusiness issues as they relate to the food processing, wholesale and retail sectors of the agricultural industry. Coverage of methods and tools agribusiness managers use to evaluate business opportunities. Case studies serve to communicate concepts of product distribution, design, promotion and pricing in the development of a marketing plan. Prerequisite: AGEC 1103 or ECON 2023. (Typically offered: Fall, Spring and Summer)
AGEC 2403. Quantitative Tools for Agribusiness. 3 Hours.
Introduction to quantitative methods used in agricultural economics and agribusiness with an emphasis on skills and techniques that will enhance the ability of students to perform in upper division coursework. Provides an overview of statistical and optimization methods used in research problems, economic theory, and applied decision making activities. Prerequisite: (AGEC 1103 or ECON 2023 or ECON 2143) and MATH 2043 (or higher MATH course from the University Core excluding MATH 2183). (Typically offered: Fall)
AGEC 3303. Food and Agricultural Marketing. 3 Hours.
Surveys consumer trends in food markets and the marketing activities of the food and fiber system. Emphasizes marketing concepts for both commodities and differentiated food products. Topics include applied consumer and price theory; marketing management; structure and performance of the food system; and current agricultural marketing topics. Prerequisite: AGEC 1103 or ECON 2023 or ECON 2143. (Typically offered: Fall, Spring and Summer)
AGEC 3313. Agribusiness Sales. 3 Hours.
Principles of professional sales and sales management techniques used in food and agricultural firms; develop a professional sales presentation; study current agribusiness industry professional sales persons and sales practices and techniques. Prerequisite: AGEC 1103 or AGEC 2103 or ECON 2013 or ECON 2023 or ECON 2143 or equivalent. (Typically offered: Spring)
AGEC 3373. Futures and Options Markets. 3 Hours.
Theory and mechanics of commodity futures and options markets including trading, margin, fees, etc. Price relationships between cash, futures and options. Fundamental and technical price analysis. Price risk management strategies for producers and users of agricultural commodity marketing plan. Speculative and hedging simulation exercises. Prerequisite: AGEC 1103 or ECON 2023. (Typically offered: Fall)
AGEC 3403. Farm Business Management. 3 Hours.
Application of economic principles for the profitable organization and operation of the farm business. Focuses upon agricultural production management decision-making tools: budgeting techniques (enterprise, partial, cash flow), balance sheet, income statement, cash flow, investment analysis and risk management. Recommended: AGEC 1103 (or ECON 2023), AGEC 2143, and ASTM 2903. (Typically offered: Fall, Spring and Summer)
AGEC 3413. Principles of Environmental Economics. 3 Hours.
An introductory, issues-oriented course in the economics of the environment. The course will focus on what is involved in how society makes decisions about environmental quality. The environmental issues important to the State of Arkansas and the United States will be emphasized. Prerequisite: AGEC 1103 or ECON 2023. (Typically offered: Spring)
This course is cross-listed with ENSC 3413.
AGEC 3413H. Honors Principles of Environmental Economics. 3 Hours.
An introductory, issues-oriented course in the economics of the environment. The course will focus on what is involved in how society makes decisions about environmental quality. The environmental issues important to the State of Arkansas and the United States will be emphasized. Corequisite: Drill component. Prerequisite: AGEC 1103 or ECON 2023. (Typically offered: Spring)
This course is cross-listed with AGEC 3413, ENSC 3413.
AGEC 3503. Agricultural Law I. 3 Hours.
Examination of those areas of law especially applicable to agriculture. Fundamentals of contract law, torts law, and property law will accompany discussion of major areas of agricultural law; acquisition and disposal of farmland; farm tenancies; rights and limitations in the use and ownership of farmland; water law; environmental protection; protection of the productivity of agricultural land; and the law of sales and secured transactions in an agricultural context. (Typically offered: Fall)
AGEC 3523. Environmental and Natural Resources Law. 3 Hours.
Principles of environmental and natural resources law relevant to agriculture, food and the environmental sciences; legal principles relating to regulation of water, air, hazardous substances, land, wildlife, livestock, and water rights. Principles of civil and criminal liabilities and other developing legal and regulatory issues relating to agriculture and natural resources. (Typically offered: Spring Even Years)
AGEC 400V. Special Problems. 1-6 Hour.
Special studies and readings conducted under the direct supervision of staff members to satisfy the requirements of individual students. (Typically offered: Fall, Spring and Summer) May be repeated for up to 6 hours of degree credit.
AGEC 401V. Internship in Agribusiness. 1-6 Hour.
A supervised practical work experience in an agribusiness firm or a governmental or industrial organization having direct impact on agriculture in order to gain professional competence and insight to employment opportunities. Prerequisite: junior standing. (Typically offered: Fall, Spring and Summer) May be repeated for up to 8 hours of degree credit.
AGEC 402V. Special Topics. 1-3 Hour.
Studies of selected topics in agricultural economics not available in other courses. (Typically offered: Irregular) May be repeated for degree credit.
AGEC 4041. Agribusiness Capstone. 1 Hour.
The purpose of this course is to provide students with an opportunity to apply and integrate knowledge from previous coursework in general education and agribusiness. This course is designed for students to demonstrate mastery of a number of subjects within the agribusiness discipline. Students will provide evidence of integrated knowledge through a variety of means including oral presentations, creation of a 1250-word reflective essay, and applying problem solving and critical thinking skills. Prerequisite: Senior standing. (Typically offered: Fall and Spring)
AGEC 4113. Agricultural Prices and Forecasting. 3 Hours.
Price theory and techniques for predicting price behavior of general economy and price behavior of individual agricultural products will be analyzed. Provides practice in the application of economics and statistics to agricultural price analysis. Prerequisite: ((AGEC 1103 or ECON 2023) and (AGEC 2403 or STAT 2303 or BUSI 1033) and (MATH 2043 or higher, excluding MATH 2183)). (Typically offered: Spring)
AGEC 4123. Legal Issues in Animal Agriculture. 3 Hours.
An issues-oriented course focusing on the legal issues involved in the production of poultry, swine and livestock. Emphasis will center on the laws, regulations and policy arguments involved in animal confinement, antibiotic use, humane slaughter and veterinary medicine, along with other related issues. The wide range of regulation from local to state to federal, depending on the issue will be studied and discussed. (Typically offered: Spring Odd Years)
This course is cross-listed with ANSC 4123, POSC 4123.
AGEC 4143. Agricultural Finance. 3 Hours.
Methods and procedures whereby agricultural firms acquire and utilize funds required for their successful operation. Emphasis is placed upon role of finance and financial planning and consideration is given to an understanding of financial firms serving agriculture. Prerequisite: (AGEC 1103 or ECON 2023) and (AGEC 2103 or ECON 2013) and (AGEC 2143 or ACCT 2013). (Typically offered: Fall)
AGEC 4163. Agricultural and Rural Development. 3 Hours.
Examination of agricultural and rural development issues in less developed countries. Alternative agricultural production systems are compared, development theories examined, and consideration given to the planning and implementation of development programs. Prerequisite: AGEC 1103 (or ECON 2023). (Typically offered: Fall)
AGEC 4163H. Honors Agricultural and Rural Development. 3 Hours.
Examination of agricultural and rural development issues in less developed countries. Alternative agricultural production systems are compared, development theories examined, and consideration given to the planning and implementation of development programs. Prerequisite: AGEC 1103 (or ECON 2023) and honors standing. (Typically offered: Fall)
This course is equivalent to AGEC 4163.
AGEC 4243. Agribusiness Strategy. 3 Hours.
Addresses problems of strategy formulation in agribusiness emphasizing current problems and cases in agriculture. Surveys modern and classic perspectives on strategy with applications to agribusiness. Examines the development of firm level strategies within the structure and competitive environment of agricultural firms and industries. Prerequisite: MATH 2043 and (AGEC 1103 or ECON 2023 or ECON 2143) and (AGEC 3403 or AGEC 2143 or ACCT 2013). (Typically offered: Spring)
AGEC 4303. Agribusiness Marketing Management. 3 Hours.
Marketing concepts will be developed and applied to the global food and fiber system. The course will use both commodity and product marketing principles and economic theory to analyze varied marketing situations. Case studies will be used to demonstrate the role that demand analysis and consumer behavior play in market management. Prerequisite: AGEC 2303 and AGEC 3303. (Typically offered: Fall and Summer)
AGEC 4313. Agricultural Business Management. 3 Hours.
The planning, organizing, leading and controlling functions of management as they relate to agricultural business firms. Marketing of value-added products, budgeting, organizational structure, cost control, financial statements, capital budgeting and employee supervision and motivation. Case studies are used to teach communication and decision-making skills. Senior standing recommended. Prerequisite: (AGEC 2143 or ACCT 2013) and AGEC 2303. (Typically offered: Fall)
AGEC 4323. AgriBusiness Entrepreneurship. 3 Hours.
Agribusiness entrepreneurship is the process of bringing food or rural-based products and services from conceptualization to market. The course presents the opportunities, problems and constraints facing individuals and firms operating in rural or isolated markets while emphasizing the steps in conceptualization, development, marketing, and delivery-selling of agribusiness rural products. Prerequisite: AGEC 1103 or equivalent. (Typically offered: Spring)
AGEC 4373. Basis Trading: Applied Price Risk Management. 3 Hours.
This course provides students an opportunity to gain a detailed working knowledge of how basis trading concepts and practices are applied to agricultural markets and to develop a skill set that can be put immediately into practice in any basis trading operation. Prerequisite: AGEC 3373 or consent of instructor. (Typically offered: Spring and Summer)
AGEC 4383. Basis Trading: Case Study. 3 Hours.
This course provides an opportunity to apply principles learned in AGEC 4373 to grain merchandising using the case study approach. The course will involve in-class meetings supplemented with faculty-directed group-based learning experiences involving professional grain merchandisers. Group activities will follow the traditional case study method. Prerequisite: AGEC 4373. (Typically offered: Fall)
AGEC 4403. Advanced Farm Business Management. 3 Hours.
Principles and procedures of decision making as applied to the allocation of resources in the farm business for profit maximization. Emphasis is placed on use of principles of economics and their application to the decision making process. Includes exercises on the application of principles to specific farm management problems. Senior standing recommended. Prerequisite: AGEC 3403 and (ASTM 2903 or equivalent) and (AGEC 2143 or ACCT 2013). (Typically offered: Fall)
AGEC 4403H. Honors Advanced Farm Business Management. 3 Hours.
Principles and procedures of decision making as applied to the allocation of resources in the farm business for profit maximization. Emphasis is placed on use of principles of economics and their application to the decision making process. Includes exercises on the application of principles to specific farm management problems. Senior standing recommended. Prerequisite: AGEC 3403, (ASTM 2903 or equivalent), (AGEC 2143 or ACCT 2013) and honors standing. (Typically offered: Fall)
This course is equivalent to AGEC 4403.
AGEC 4603. Food Economics and Health. 3 Hours.
This course provides an advanced overview of selected topics in food economics, food and nutrition policy and the interface between nutrition programs and health policy. Students will develop an understanding of economic and policy concepts of food, nutrition, and health. The course emphasizes analytical tools that can be applied to study issues in food, nutrition, and health facing the US and world populations. Prerequisite: (AGEC 1103 or ECON 2023) and (AGEC 2403 or BUSI 1033 or STAT 2303 or MATH 2043 or MATH 3083 or MATH 3013). (Typically offered: Spring)
AGEC 4613. Political Economy of Agriculture and Food. 3 Hours.
Agricultural and food policies are studied from domestic and international perspectives. Laws, regulations, decisions and actions by governments and other institutions are examined in terms of rationale, content, and consequences. Economic and political frameworks are used to assess policies in terms competitive structure, operation, and performance of farming and food systems. Prerequisite: (AGEC 1103 or ECON 2023) and (AGEC 2103 or ECON 2013) and (PSYC 2003 or SOCI 2013 or HDFS 2603). (Typically offered: Fall)
AGEC 4623. International Agricultural Trade and Commercial Policy. 3 Hours.
Analysis of agricultural market competition and performance in a global economy. The impact of domestic and international agricultural policies on domestic and international markets and welfare. Economic principles applied to the interaction of economic events in the world food economy. Prerequisite: (AGEC 1103 or ECON 2023) and (AGEC 2103 or ECON 2013). (Typically offered: Spring)
