AEB 4138 - Advanced Agribusiness Managment

Integration of finance and management to solve problems faced by agricultural firms and agribusinesses. In addition to lectures, students will work in small groups to identify and to analyze case studies from agricultural and rural businesses.

Textbook:

Moss, Charles B. 2013. Agricultural Finance Boca New York: Routledge Press.

Homework	15%
Two Mid Term Examinations	50%
Final Examination	30%
Class Participation	5%

Homework will be due in a week increment. Each assignment will be handed out at the beginning of each increment and will involve topics covered over that time span. For example, the first assignment will involve the derivation of the first and second order necessary conditions for an unconstrained mathematical formulation.

Online TechSmith Recordings of Lectures – Catalog

Financial Institutions in Agriculture Overheads , Audio
- Interaction between Lenders and Borrowers [Moss 9 — 20] – Overheads , Audio
  - The Ascent of Money – Dreams of Avarice (Episode 1) Youtube
  - Covariance mechanics Paper , Excel
- Assignment 1 PDF File
- Banks as Institutions [Moss 21 — 50] – Overheads, Audio
  - Covariance Spreadsheet
- Regulating Banks – Overheads
- Agricultural Lenders [Moss 51 — 55] – Overheads
  - The Ascent of Money – Human Bondage (Episode 2) Youtube
- Assignment 2 PDF File
- Agricultural Credit and Monetary Policy [Moss 216 — 238] – Overheads , Audio
- Review of Agricultural Financial Institutions – Overheads , Audio
  - The Ascent of Money – Blowing Bubbles (Episode 3) Youtube
Accounting Concepts — Luca Pacioli: Father of Accounting Youtube
- Understanding the Balance Sheet and Measuring Income [Moss 58 — 58] – Overheads , Dilbert Budget System , Audio
- Comparing Cash and Accrual Income [Moss 69 — 70] – Overheads , Dilbert Accounting Random , Audio
  - Bigger than Enron
- Assignment 3/4 PDF File
- Cash Flow and Owner's Equity Position [Moss 70 — 74] – Overheads , Dilbert Accounting
  - Inside the Meltdown
- Accounting for Farm Businesses and Pro Forma Statement [Moss 75 — 80] – Overheads , Dilbert Pro Forma
  - Depreciation Computations Exel
  - DebtPayments Excel
  - The Ascent of Money – Risky Business (Episode 4) Youtube
- Cash Versus Market Valued Balance Sheets [Moss 243 — 258] – Overheads , Last Dilbert Accouting
  - Accounting for a multiproduct firm Overheads
- Review of Accounting Concepts – Overheads
First Midterm 2/13
Ratio Analysis
- Basics of the DuPont Expansion [Moss 88 — 91] – Overheads
  - The History of Junk Bonds and Leveraged Buyouts
  - The Growth of the "Junk" Bond Market and Its Role in Financing Takeovers
- Profitability Ratios and Asset Management [Moss 97 — 98] – Overheads
- Solvency, Liquidity and Firm Growth [Moss 102 — 104] – Overheads
  - DuPont Example – Kansas Farms Excel
  - The Ascent of Money – Safe as Houses (Episode 5) Youtube
- Common Sized Balance Sheets [Moss 105 — 109] – Overheads
- Review of Ratio Analysis – Overheads
Spring Break March 3 – 10
Capital Budgeting
- Utility and the Time Value of Money [Moss 111 — 115] – Overheads
- Net Present Value and its Mechanics [Moss 116 — 123] – Overheads
- Net Present Value and Multiple Projects – Overheads
  - The Ascent of Money - Chimerica (Episcode 6) Youtube
- Advanced Topics in Investment Analysis [Moss 123 — 138] – Overheads
- Other Methods of Investment Analysis [Moss 139 — 143] – Overheads
- Review of Capital Budgeting – Overheads
Second Midterm 3/20
Valuing Investment Under Risk
- Expected Utility and Certainty Equivalent [Moss 150 — 154] – Overheads
- Diversification/Portfolio Analysis [Moss 155 — 158] – Overheads
  - Portfolio Analysis in Excel Excel
  - The Midas Formula – Trillion Dollar Bet Vimeo
- Market Valuation of Risk [Moss 159 — 167] – Overheads
- Stochastic Net Present Value [Moss 267 — 270] – Overheads
- Review of Investment Under Risk – Overheads
Debt Choice
- Cost and Benefits of Debt [Moss 171 — 172] – Overheads
  - Example Spreadsheet Excel
- Debt Choice [172 — 183] – Overheads
- A Numerical Example of Debt Choice [Moss 183 — 187] – Overheads
- Review of Debt Choice – Overheads
Final May 3, 3:00 — 5:00 [3D]

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www.charlesbmoss.com:8080