Economy of Plant Production (3 cr)

Evaluation scale

0-5

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

Materials

teaching material
Palva, R.2017.Konetyön kustannukset ja tilastolliset urakointihinnat. TTS; Markkinariskien hallinta maatilalla.2013. Tieto tuottamaan 138.
collection of topical articles from professional journals

Teaching methods

classroom learning
independent studies
assignments
exam

Exam schedules

First exam in December 2020
1. resit exam in January 2021
2. resit exam in March 2021

Student workload

classroom teaching 32 h, independent study 45 h, exam 4 h, total 81 h

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.