Twin Cities campus
 
Twin Cities Campus

Agricultural and Food Business Management B.S.

Applied Economics
College of Food, Agricultural and Natural Resource Sciences
  • Program Type: Baccalaureate
  • Requirements for this program are current for Spring 2014
  • Required credits to graduate with this degree: 120
  • Required credits within the major: 68
  • Degree: Bachelor of Science
The agricultural and food business management major is offered jointly by CFANS and the Carlson School of Management. The curriculum emphasizes concepts and methods from economics and business management and their use in identifying, analyzing, and solving management problems related to food, agriculture, natural resources, and economic development. The program provides a balance between applied economics and business management studies, with a limited amount of applied science. Students may elect a variety of courses or minors in their junior and senior years to accommodate special interests and career goals. Graduates of the curriculum are prepared for a wide range of employment opportunities in the food system and other agribusinesses. Examples of employment areas include finance and banking, management, input, commodity and food marketing, sales, administration, public and industrial relations, production management, economic and statistical analysis, managerial accounting, management information systems, and supply chain management. Students completing the program may also pursue graduate studies in preparation for research, teaching, or continuing education positions in academic institutions, government agencies, or industry.
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
Admission Requirements
Students must complete 26 credits before admission to the program.
Freshman and transfer students are usually admitted to pre-major status before admission to this major.
A GPA above 2.0 is preferred for the following:
  • 2.50 already admitted to the degree-granting college
  • 2.50 transferring from another University of Minnesota college
  • 2.50 transferring from outside the University
Students are admitted to the major after satisfactory completion of a pre-agricultural and food business management program. Admission standards are developed in conjunction with the Carlson School of Management.
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
Required prerequisites
Admission Requirements
Students must complete the following management "tool" courses taken A-F before entering the program and earn a GPA of at least 2.50 in these courses.
APEC 1101 - Principles of Microeconomics [SOCS, GP] (4.0 cr)
or ECON 1101 - Principles of Microeconomics [SOCS, GP] (4.0 cr)
APEC 1102 - Principles of Macroeconomics (3.0 cr)
or ECON 1102 - Principles of Macroeconomics (4.0 cr)
MATH 1142 - Short Calculus [MATH] (4.0 cr)
or MATH 1271 - Calculus I [MATH] (4.0 cr)
General Requirements
All students are required to complete general University and college requirements including writing and liberal education courses. For more information about University-wide requirements, see the liberal education requirements. Required courses for the major or minor in which a student receives a D grade (with or without plus or minus) do not count toward the major or minor (including transfer courses).
Program Requirements
All major requirements must be taken A-F (unless only offered S-N), and students must earn a grade of at least C-. Students may not major in both agricultural and food business management and applied economics.
Foundation Core
COMM 1101 - Introduction to Public Speaking [CIV] (3.0 cr)
or AFEE 2421 - Professional Communication for Agriculture, Food, and the Environment (3.0 cr)
WRIT 3562W - Technical and Professional Writing [WI] (4.0 cr)
MGMT 3033W - Business Communication [WI] (3.0 cr)
Applied Economics Core
APEC 1001 - Orientation to Applied Economics (1.0 cr)
or CFAN 3201 - Career and Internship Preparation (1.0 cr)
APEC 3001 - Applied Microeconomics: Consumers, Producers, and Markets (4.0 cr)
APEC 4821W - Business Economics and Strategy [WI] (3.0 cr)
APEC 3501 - Agribusiness Finance (3.0 cr)
or FINA 3001 - Finance Fundamentals (3.0 cr)
APEC 3002 - Applied Microeconomics: Managerial Economics (4.0 cr)
or (4.0 cr)
CSOM Core
SCO 2550 - Business Statistics: Data Sources, Presentation, and Analysis (4.0 cr)
or STAT 3011 - Introduction to Statistical Analysis [MATH] (4.0 cr)
ACCT 2050 - Introduction to Financial Reporting (4.0 cr)
SCO 3001 - Introduction to Operations Management (3.0 cr)
ACCT 3001 - Introduction to Management Accounting (3.0 cr)
or MGMT 3001 - Fundamentals of Management (3.0 cr)
or MKTG 3001 - Principles of Marketing (3.0 cr)
Experiential Learning
CFAN 2201 - Secure & Succeed in Internships (2.0 cr)
or CFAN 3096 - Making the Most of your Internship (1.0 cr)
Interdisciplinary Learning
APEC 3202 - An Introduction to the Food System: Analysis, Management and Design (3.0 cr)
or APEC 4103 - World Food Problems [GP] (3.0 cr)
or ESPM 1011 - Issues in the Environment [ENV] (3.0 cr)
or FSCN 1102 - Food: Safety, Risks, and Technology [CIV] (3.0 cr)
or ANSC 3203W - Environment, Global Food Production, and the Citizen [GP, WI] (3.0 cr)
Program Sub-plans
Students are required to complete one of the following sub-plans. (Note for the Twin Cities and Morris campuses: The honors sub-plan does not meet this requirement. Honors students are required to complete one sub-plan plus the honors sub-plan. Please see an adviser if no honors sub-plan is listed for the program.)
Agricultural Markets and Risk Management
Students must take a minimum of two APEC courses (6-8 cr) and a minimum of two CSOM courses (6-8 cr) or a CSOM minor.
Markets & Risk
Take 4 or more course(s) totaling 12 or more credit(s) from the following:
Take 2 or more course(s) totaling 6 or more credit(s) from the following:
· APEC 3006 - Applied Macroeconomics: Government and the Economy (3.0 cr)
or APEC 3007 - Applied Macroeconomics: Policy, Trade, and Development [GP] (3.0 cr)
· APEC 3411 - Commodity Marketing (3.0 cr)
or APEC 4481 - Futures and Options Markets (3.0 cr)
or APEC 4501 - Financial Modeling (3.0 cr)
· Take 2 or more course(s) totaling 6 or more credit(s) from the following:
· BLAW 3058 - The Law of Contracts and Agency (4.0 cr)
· FINA 4121 - Financial Markets and Interest Rates (2.0 cr)
· FINA 4321 - Portfolio Management and Performance Evaluation (2.0 cr)
· FINA 4522 - Options & Derivatives I (2.0 cr)
· INS 4100 - Corporate Risk Management (2.0 cr)
· INS 4200 - Insurance Theory and Practice (2.0 cr)
· MGMT 3040 - Understanding the International Environment of Firms: International Business (2.0 cr)
· MGMT 4031 {Inactive} (3.0 cr)
· MGMT 4040 - Negotiation Strategies (4.0 cr)
· MKTG 3010 - Marketing Research (4.0 cr)
· MKTG 3040 - Buyer Behavior (4.0 cr)
· SCO 3045 - Sourcing and Supply Management (2.0 cr)
· SCO 3072 - Managing Technologies in the Supply Chain (2.0 cr)
Entrepreneurship and Business Management
Students must take a minimum of two APEC courses (6-8 cr) and a minimum of two CSOM courses (6-8 cr) or a CSOM minor.
Entreprenuership & Business
Take 4 or more course(s) totaling 12 or more credit(s) from the following:
Take 2 or more course(s) totaling 6 or more credit(s) from the following:
· APEC 3006 - Applied Macroeconomics: Government and the Economy (3.0 cr)
or APEC 3007 - Applied Macroeconomics: Policy, Trade, and Development [GP] (3.0 cr)
· APEC 3451 - Food and Agricultural Sales (3.0 cr)
or APEC 3551 - Entrepreneurship Fundamentals for Value-Added Rural Businesses (3.0 cr)
or APEC 4481 - Futures and Options Markets (3.0 cr)
or APEC 4501 - Financial Modeling (3.0 cr)
or APEC 5811 - Cooperative Organization (3.0 cr)
· Take 2 or more course(s) totaling 6 or more credit(s) from the following:
· ACCT 3201 - Intermediate Management Accounting (2.0 cr)
· BLAW 3058 - The Law of Contracts and Agency (4.0 cr)
· FINA 4221 - Principles of Corporate Finance (2.0 cr)
· HRIR 3021 - Human Resource Management and Industrial Relations (3.0 cr)
· MGMT 3010 - Introduction to Entrepreneurship (4.0 cr)
· MGMT 4008 - Entrepreneurial Management (4.0 cr)
· MKTG 3010 - Marketing Research (4.0 cr)
Financial Analysis and Business Management
Students must take a minimum of two APEC courses (6-8 cr) and a minimum of two CSOM courses (6-8 cr) or a CSOM minor.
Financial Management
Take 4 or more course(s) totaling 12 or more credit(s) from the following:
Take 2 or more course(s) totaling 6 or more credit(s) from the following:
· APEC 3006 - Applied Macroeconomics: Government and the Economy (3.0 cr)
or APEC 3007 - Applied Macroeconomics: Policy, Trade, and Development [GP] (3.0 cr)
· APEC 4481 - Futures and Options Markets (3.0 cr)
or APEC 4501 - Financial Modeling (3.0 cr)
or APEC 5751 - Global Trade and Policy (3.0 cr)
· Take 2 or more course(s) totaling 6 or more credit(s) from the following:
· ACCT 5101 - Intermediate Accounting I (4.0 cr)
· ACCT 5102W - Intermediate Accounting II [WI] (4.0 cr)
· ACCT 5160 - Financial Statement Analysis (2.0 cr)
· BLAW 3058 - The Law of Contracts and Agency (4.0 cr)
· FINA 4121 - Financial Markets and Interest Rates (2.0 cr)
· FINA 4122 - Banking Institutions (2.0 cr)
· FINA 4221 - Principles of Corporate Finance (2.0 cr)
· FINA 4321 - Portfolio Management and Performance Evaluation (2.0 cr)
· FINA 4522 - Options & Derivatives I (2.0 cr)
· FINA 4622 - International Finance (2.0 cr)
· INS 4100 - Corporate Risk Management (2.0 cr)
· INS 4200 - Insurance Theory and Practice (2.0 cr)
Food Sales and Industry Management
Students must take a minimum of two APEC courses (6-8 cr) and a minimum of two CSOM courses (6-8 cr) or a CSOM minor.
Food Sales & Industry Management
Take 4 or more course(s) totaling 12 or more credit(s) from the following:
Take 2 or more course(s) totaling 6 or more credit(s) from the following:
· APEC 3006 - Applied Macroeconomics: Government and the Economy (3.0 cr)
or APEC 3007 - Applied Macroeconomics: Policy, Trade, and Development [GP] (3.0 cr)
· APEC 3451 - Food and Agricultural Sales (3.0 cr)
or APEC 3821 - Retail Center Management (3.0 cr)
or APEC 4451W - Food Marketing Economics [CIV, WI] (3.0 cr)
or APEC 4461 - Horticultural Marketing (3.0 cr)
or APEC 4501 - Financial Modeling (3.0 cr)
· Take 2 or more course(s) totaling 6 or more credit(s) from the following:
· MGMT 4031 {Inactive} (3.0 cr)
· MKTG 3010 - Marketing Research (4.0 cr)
· MKTG 3040 - Buyer Behavior (4.0 cr)
· MKTG 4030 - Sales Management (4.0 cr)
· MKTG 4050 - Integrated Marketing Communications (4.0 cr)
· MKTG 4060 - Marketing Channels (4.0 cr)
· MKTG 4080W - Marketing Strategy [WI] (4.0 cr)
· MKTG 4082W - Brand Management [WI] (4.0 cr)
· SCO 3045 - Sourcing and Supply Management (2.0 cr)
· SCO 3056 - Supply Chain Planning and Control (4.0 cr)
· SCO 3072 - Managing Technologies in the Supply Chain (2.0 cr)
Individualized
Students preparing for career opportunities that emphasize skills, such as accounting, communications, law, or information systems may use this alternative to design an area of emphasis. A program of study under the emphasis must be approved by the adviser and the major coordinator. At least 6 of the 12 credits must be completed after receiving approval.
Individualized Area
Select 12 credits from individual electives
12 credits from individual electives
 
More program views..
View college catalog(s):
· College of Food, Agricultural and Natural Resource Sciences
View future requirement(s):
· Spring 2015
· Fall 2014

View sample plan(s):
· Agricultural Markets and Risk Management Sample Plan
· Entrepreneurship and Business Management Sample Plan
· Financial Analysis and Business Management Sample Plan
· Food Sales and Industry Management Sample Plan
· Individualized Area Sample Plan

View checkpoint chart:
· Agricultural and Food Business Management B.S.
View PDF Version:
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