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Economy of Plant Production (3 cr)

Code: LMSK0100-3003

General information


Timing

07.01.2021 - 31.07.2021

Number of ECTS credits allocated

3 op

Virtual portion

3 op

Mode of delivery

Online learning

Unit

School of Technology

Teaching languages

  • Finnish

Seats

0 - 40

Degree programmes

  • Bachelor's Degree Programme in Agricultural and Rural Industries

Teachers

  • Jaana Auer

Groups

  • ZJA21KL
    Avoin AMK, luva
  • ZJA20SLNV
    Avoin amk, luva, nuoren viljelijän opinnot
  • ZJK21KL
    Korkeakoulujen välinen yhteistyö, LUVAKO

Objectives

The student can calculate the profitability of plant cultivation, machinery costs and knows profitability factors and the market situation of plant cultivation. The student can assess economic value for field.

Content

Gross margin, production costs, net revenue, machinery costs, profitability factors in plant cultivation, economic value of field, crop markets and market risk management

Time and location

online course

Learning materials and recommended literature

teaching material
Palva, R.2017.Konetyön kustannukset ja tilastolliset urakointihinnat. TTS; Markkinariskien hallinta maatilalla.2013. Tieto tuottamaan 138.
ajankohtaisten ammattilehtiartikkelien kokoelma verkko-oppimisympäristössä

Teaching methods

distance learning
independent studies
assignments

Exam dates and retake possibilities

no exam, evaluation through assignments

Student workload

independent study total 81 h

Further information for students

AvoinAMK 20
CampusOnline 20

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

T1. Adequate. The student can make profitability calculations for most common crops and can calculate machinery costs.
T2 Satisfactory. In addition to earlier the student is able to gather information of crop and input markets.
H3 Good. In addition to earlier the student can assess economic value of field and knows factors effecting field prices. The student is aware of profitability factors effecting to cropping plan.
K4 Very good learner. In addition to earlier the student can calculate profitability and production costs in varied planning situations.
E5 Excellent. In addition to earlier the student can take into account changes in markets and is familiar with market risk management.