Agricultural Economics Course Descriptions (AG E 100-499)

AG E 100. Introductory Agricultural Economics and Business 3 cr.
Orientation to agricultural supply businesses, farm and ranch production, food markets, food processing and distribution, and food consumption. Microeconomic principles for managers.

AG E 111. Freshman Orientation 1 cr.
Orientation to university life, including available resources and methods to promote success at NMSU. General exposure to fields in agriculture and home economics. Open to all freshmen and transfer students. Graded S/U.

AG E 200. Special Topics 1-4 cr.
Specific subjects and credits to be announced in the Schedule of Classes. Maximum of 4 credits per semester. No more than 9 credits toward a degree.

AG E 210G. Survey of Food and Agricultural Issues 3 cr.
Survey of food and agricultural issues, including: geography of food production and consumption, human-agricultural-natural resource relations, agriculture in the United States and abroad, modern agribusiness, food safety, food, agriculture, and natural resources policy, ethical questions, role and impact of technology. Same as HNFS 210G.

AG E 236. Agribusiness Management Principles 3 cr.
Description and application of management and financial principles, market planning, and organization theory in small business situations.

AG E 250. Life with Microcomputers 3 cr. (2+2P)
Provides appreciation of the microcomputer in all areas of life. Applications to informational analysis in a wide variety of social, business, technological, and research situations are presented using DOS and utilities, word processing, electronic spreadsheets, and database systems. Emphasis is on fundamental understanding of how to apply software. Place of the computer in the "larger picture" is emphasized.

AG E 260. Farm and Ranch Records 3 cr.
Purpose and methods of keeping and analyzing farm and ranch records. Net worth and income statements, efficiency measures, analysis of the business, and tax computations.

AG E 300. Internship 1-4 cr.
Professional work experience under the supervision of a faculty member. Prerequisite: consent of instructor. May be repeated for a maximum of 6 credits.

AG E 305. Marketing and Pricing Agricultural Products 3 cr.
Description of agricultural processes and functions; food production and consumption patterns; agricultural product prices; nature of competition in agricultural product markets; commodity markets. Prerequisites: ECON 201 or ECON 252. Same as MKTG 305.

AG E 311. Financial Futures Markets 3 cr.
Emphasis on financial instruments, currencies, and stock index futures. Principles of hedging, arbitrage, speculation, technical and fundamental price analysis, and trading strategies. Simulated computer trading game. Same as FIN 311.

AG E 314. Agricultural Law 3 cr.
Relationship of common-law principles, statutory law and regulatory law to problems involving agriculture with an emphasis on New Mexico issues. Legal problems relevant to agribusiness, torts, fencing laws, liability for agricultural pollution, irrigation water rights, corporations and partnerships, land tenure, farm and ranch tenancy, agricultural labor, farm and ranch management and taxation.

AG E 315V. World Agriculture and Food Problems 3 cr.
Survey of food and agricultural issues in the U.S. and other countries. Covers: role of agriculture in economic development; trade in food and agricultural products; global food production, consumption, and marketing patterns; economics of technical change and food assistance; agriculture and the environment. Same as GEOG 315G.

AG E 325. Mastering Financial Agricultural Statements 3 cr.
Understanding, using, and constructing financial statements for agrobusiness analysis. Learn how to produce integrated pro forma financial statements first on paper and then on a spreadsheet. Prepare and link revenue, cost, and financing input assumptions formulas to the financial outcomes on the spreadsheet. Prerequisite: AG E 250G or equivalent experience using spreadsheets. Same as ANSC 325.

AG E 330V. Organic Fall Vegetable Production (f) 3 cr.
Planning, planting, and harvesting vegetable crops following federal guidelines for certified organic production. Emphasis on planting fall crops, harvesting summer crops, and planning summer and fall crops. Sale of produce through community-supported agriculture system. Distribution; financial management; and fertility, weed, disease, and insect-pest evaluation and management. Evaluation of crop production and financial performance from previous spring. Same as HORT 330V. Same as HON 430G with additional coursework for Honors students.

AG E 331V. Organic Spring Vegetable Production (s) 3 cr.
Planning, planting, and harvesting vegetable crops following federal guidelines for certified organic production. Emphasis on planting spring and summer crops, harvesting spring crops, and planning summer and fall crops. Sale of produce through community-supported agriculture system. Distribution; financial management; and fertility, weed, disease, and insect-pest evaluation and management. Evaluation of crop production and financial performance from previous fall. Same as HORT 331V.Same as HON 430G with additional coursework for Honors students.

AG E 337V. Natural Resource Economics 3 cr.
Gain insight into important natural resource problems of our time. Apply economic principles to problems in the preservation, use, and development of agricultural, range, mineral, water, forestry, fishery, and environmental resources. Understand the use of cost-benefit analysis for government natural-resource projects, policies, and programs. Prerequisite: ECON 201 or ECON 252. Same as ECON 337G.

AG E 340. Agricultural Prices 3 cr.
Focuses on the analysis of supply and demand characteristics of commodities with particular attention to agricultural products. Pays special attention to empirical analysis. Includes institutional aspects of pricing, temporal and spatial price relationships, price forecasting, and the economic consequences of pricing decisions. Prerequisite(s): ECON 252G

AG E 342. Economic Analysis of Agribusiness 3 cr.
A discussion and application of economic, managerial, and financial considerations in agricultural business. Prerequisite(s): ECON 251G, ECON 252G.

AG E 370. Current Issues in Food and Agriculture 3 cr.
Course will consist of analysis and evaluation of current agricultural issues such as animal welfare/rights, water rights, sustainable agriculture, saving the family farm, food safety, foreign agricultural assistance, and others. Alternative perspectives on the issues and policy implications will be discussed.

AG E 380. Agricultural Economics Survey (s) 3 cr.
Survey of businesses and industries involved with agriculture, farming and ranching, environmental and resource concerns. Field trip over spring break. Prerequisite: junior or above standing. Variable fee. Graded S/U.

AG E 384V. Water Resource Economics 3 cr.
Use of economic principles to evaluate current and emerging issues in water resources. Applications focus on use of economic methods of analysis to current policy decisions surrounding agricultural, municipal, industrial, and environmental uses of water. Prerequisite: AG E 100 or ECON 252G. Same as ECON 384G.

AG E 385. Applied Production Economics 3 cr.
Marginal economic principles of agricultural production and planning with practical application in describing, analyzing, and profit maximizing agribusiness strategies. Prerequisite: ECON 252 or consent of instructor.

AG E 400. Seminar 1 cr.
Current topics and cases in the agribusiness literature stressing rigorous qualitative analysis of current problems and policy issues. Prerequisite: junior standing or above. May be repeated for a maximum of 4 credits. Graded S/U.

AG E 406. The Economics of Sports 3 cr.
Applying the tools of economic analysis to a particular industry and gaining an in-depth knowledge of the interaction of professional sports teams and leagues with the economy and society. Same as ECON 406.

AG E 420. Special Problems 1-3 cr.
Special problems in agricultural economics or agricultural business of particular interest to the individual student. Maximum of 3 credits per semester. No more then 6 credits toward degree.

AG E 425. Agribusiness Financial Management 3 cr.
Description and application of techniques and principles of financial management to problem situations faced by small businesses, including capital budgeting, sources and costs of capital, controlling the use of assets, tax management, estate planning, and credit institutions. Prerequisite: ECON 201G or ECON 252G and FIN 306.

AG E 440. Ranch Economics 3 cr.
Economic principles related to western ranch business. Business management, economic characteristics of ranches, ranch land problems and values, and economics of rangeland use. Prerequisite: ECON 201G or ECON 252G.

AG E 445V. Agricultural Policy 3 cr.
Historical and cultural background of food and agricultural policy in the United States. Analysis of food and agricultural problems, policy-making and implementation. Economic evaluation of specific U.S. food and agricultural policy instruments, their domestic and international impacts. Prerequisites: ECON 251G and ECON 252G.

AG E 450. Advanced Microcomputer Applications in Agriculture 3 cr. (2+2P)
Emphasis on advanced farm/ranch and agribusiness personal computer applications including database for management decisions, spreadsheet design, presentation software, word processing, the Windows operating system, and using World Wide Web. Prerequisite: AG E 250G or consent of instructor.

AG E 451. Agribusiness Market Planning 3 cr.
Applications course where self-managed teams develop and present marketing plans for agribusiness firms. Emphasis on integrating the marketing mix, particularly promotional elements. Prerequisites: AG E 305 and consent of instructor. Same as MKTG 451.

AG E 452. Food and Agricultural Products Marketing Research Techniques and Written and Oral Presentation Skills 3 cr.
This course focuses on learning marketing research methods applicable to developing new food and agricultural products and repositioning existing products for new markets. Students will be required to prepare precise written and oral marketing plans to industry standards and will have opportunities to present written and oral plans at national competitions. Prerequistie(s): AG E 451 or MKTG 451.

AG E 454. Community Economic Development 3 cr.
In this course students acquire knowledge and understanding of the tools and techniques and the process by which people in a community study the economic conditions of that community, determine its economic needs and unfulfilled opportunities, decide what can and should be done to improve the economic conditions in that community, and then move to achieve agreed-on economic goals and objectives. Prerequisite(s): ECON 251G and ECON 252G.

AG E 456. Agribusiness Management 3 cr.
Integration of production, marketing, accounting, finance, agricultural policy, human behavior, and business environment concepts in management of agricultural businesses using a decision case approach. Prerequisites: Senior standing. Main campus only.

AG E 470. Real Estate Appraisal 3 cr. (2+2P)
This course addresses issues influencing the value of real estate with some emphasis upon rural properties. Topics include courthouse records, property taxes, appraisal methodology, expert courtroom testimony, condemnation, and legal issues. Students will take field trips and write appraisals. Course material is relevant to students in Finance, Accounting, and Pre-Law, as well as Agriculture. Accredited for hours to apply to both pre-licensing and continuing education requirements of the New Mexico Real Estate Commission for both Appraisers and Real Estate Brokers. Prerequisite(s): Junior or above standing. Crosslisted with: FIN 470

AG E 475. Water Resource Management and Policy 3 cr.
Emphasis on integrating natural and social sciences, analytic methods, and critical reasoning skills to evaluate water resource policy and management issues. Extensive use of data and numerical applications applied to a variety of water resource topics. Familiarity with MS Excel or similar software is desirable. Prerequisite: junior or above standing.

AG E 491. Linear Programming Methods 1 cr.
Methods, techniques, and uses of linear and quadratic programming applications in agricultural economics.

AG E 499. Senior Thesis 3 cr.
Completion and presentation of the project developed in AG E 498 under supervision of the project advisor. Prerequisite: AG E 498; may not be taken for graduate credit.