Economy of Plant Production (3 cr)

Objective

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

Assessment criteria, satisfactory (1)

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.