ACE 232: Management of Farm Enterprises
This course is about the business, economics, and finance of commercial agriculture. We discuss typical lease arrangements, lease analysis, risk management, cost concepts, economies of scale, budgeting, financial statements, crop insurance, agricultural real estate and appraisal, legal descriptions, agricultural credit, and farmland as an investment. Current information about topics of interest to farm owners, farm operators, and professional farm managers is presented.
Prerequisites (Must be complete BEFORE taking this course):
Instructors Teaching the Course:
This course is taught by the instructor below. You may click on their names to learn more about them. Teaching schedules vary by semester. Please check the Course Explorer for the most up-to-date information about the sections they will teach.
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See when the course is offered as well as section details here: https://courses.illinois.edu/schedule/terms/ACE/232
Spring 2019 Restrictions
Additional Course Information
Read more about what Mr. Stoddard has to say about ACE 232!
Is this class discussion-based or lecture-based? How would you describe your teaching style?
This course is lecture-based and also includes a number of interactive in-class assignments. These generate interaction not only with the instructor but also among students.
How are students evaluated (e.g. multiple choice or essay tests, papers, etc.)?
Graded activities in this course include in-class assignments and tests.
In what ways does this course prepare students to move through the program and/or into the work force?
This course provides current practical information that will be very useful for future farm managers, owners, and operators, as well as for students who go into a variety of related fields that involve buying from and selling to operating farmers.
What is your background in Agricultural and Consumer Economics?
I came to the University after a thirty year career agricultural real estate, commodity trading, farm management, and agricultural lending. I spent the prior 14 years at Farm Credit Services of Illinois, a large agricultural lender that operates in 60 counties in Illinois, most recently serving as Chief Appraiser.
What is your attendance policy?
Attendance is important because as the expression goes, “the world is run by people who show up”.