Agricultural Economics and Agribusiness (AEAB) < University of Arkansas

Agricultural Economics and Agribusiness (AEAB) < University of Arkansas
2025-26 Edition
Lawton Lanier Nalley
Head of the Department
217 Agriculture Building
479-575-2256
Department of Agricultural Economics and Agribusiness Website
The Department of Agricultural Economics and Agribusiness offers a major with three concentrations that lead to a Bachelor of Science in Agriculture degree. The department also offers a minor in Agricultural Business and a minor in International Economic Development.   The minor in Agricultural Business can be completed 100% online.
The agricultural business major provides education suited to career opportunities in farm management, agricultural business management, and agricultural marketing in both the domestic and international areas.
Managers of farms and agricultural businesses are continually required to make organizational and operational decisions. The basic skills and knowledge needed for making sound decisions are provided by the agricultural business curriculum. Students may elect to specialize in areas compatible with their personal objectives, depending on the extent of accounting and business orientation desired.
Students educated in agricultural business are in demand for positions in agricultural industries, farm operation, marketing agencies, agricultural service organizations, state and federal agencies, and numerous other positions. For those who go on to graduate school, teaching and research positions are available with land-grant colleges as well as with other institutions. Three concentrations are available to meet career objectives:
Agricultural Business Management and Marketing (ABMM)
Pre-Law, for students preparing to attend law school (PRLW)
Agricultural Economics, which emphasizes quantitative and analytical skills to prepare students for graduate school (AGEC).
Agricultural Business with Risk Management (ABRM), online only program.
Requirements for B.S.A. in Agricultural Business with Agricultural Economics Concentration
Requirements for a Major in Agricultural Business
State minimum core
and discipline specific general education requirements:
(Course work that meets state minimum core requirements is in bold.)
University Requirements
UNIV 10051
University Perspectives
Communications
12
Select English State Minimum Core Courses (6 hours unless exempt)
SPCH 10003
Public Speaking (ACTS Equivalency = SPCH 1003)
Select one of the following:
ACOM 31403
Communicating Agriculture to the Public
ACOM 43403
Communication Campaigns in Agriculture
COMM 23003
Advanced Public Speaking
COMM 23203
Interpersonal Communication
COMM 23403
Introduction to Small-Group Communication
COMM 33803
Persuasion
CSES 30203
Crop, Soil, and Environmental Sciences Colloquium
ENGL 20003
Advanced Composition
ENGL 20133
Essay Writing
ENGL 30503
Technical and Professional Writing (ACTS Equivalency = ENGL 2023)
U.S. History or Government
Select U.S. History or Government State Minimum Core Course
Science
Select 2 Courses from Science State Minimum Core (8 total hours)
Fine Arts and Humanities
6-7
Select Fine Arts and Humanities State Minimum Core Courses
Social Sciences (3 hours)
Select one of the following:
PSYC 20003
General Psychology (ACTS Equivalency = PSYC 1103)
SOCI 10103
General Sociology (ACTS Equivalency = SOCI 1013)
HDFS 26003
Rural Families and Communities
AEAB Requirements
Agribusiness Prerequisite Core (21 hours)
21
MATH 22003
Survey of Calculus (ACTS Equivalency = MATH 2203) (or higher level calculus)
AGEC 24003
Quantitative Tools for Agribusiness
or
MATH 21003
Principles of Statistics (ACTS Equivalency = MATH 2103)
or
BUSI 10303
Data Analysis and Interpretation
AGEC 11003
Principles of Agricultural Microeconomics
or
ECON 22003
Principles of Microeconomics (ACTS Equivalency = ECON 2203)
AGEC 21003
Principles of Agricultural Macroeconomics
or
ECON 21003
Principles of Macroeconomics (ACTS Equivalency = ECON 2103)
AGEC 21403
Agribusiness Financial Records
or
ACCT 20103
Accounting Principles
AGEC 23003
Introduction to Agribusiness
ASTM 29003
Agricultural and Human Environmental Sciences Applications of Microcomputers
or
ISYS 11203
Business Application Knowledge - Computer Competency
Agribusiness Core (27 hours)
27
AGEC 33003
Food and Agricultural Marketing
AGEC 33703
Futures and Options Markets
AGEC 34003
Farm Business Management
AGEC 35003
Agricultural Law I
AGEC 41403
Agricultural Finance
Choose 12 hours from MATH, STAT, AGEC or courses in WCOB or the Bumpers College.
Concentration Requirements
18
Capstone Experience
1-3
AGEC 4010V
Internship in Agribusiness
AGEC 40401
Agribusiness Capstone
General Electives
18-20
Total Hours
120
Course is a Departmental Communications requirement.
For any student majoring in Agricultural Business, the 21 hours of Agribusiness Prerequisite Core courses must be completed before a student can enroll in upper division courses in the following areas:
Agribusiness Core, Concentration Requirements, and Capstone Experience.
Satisfies 3 hours of State Minimum Core Mathematics.
Satisfies 3 hours of State Minimum Core Social Sciences.
Additional Requirements for Agricultural Economics Concentration (18 hours):
Complete the following three courses:
MATH 20503
Finite Mathematics (or higher MATH course from the state minimum core, excluding MATH 21803)
ECON 30303
Intermediate Microeconomics
ECON 31303
Intermediate Macroeconomics
Choose 9 hours from the following three groups (students must select one course from each group):
Policy Group
AGEC 34103
Principles of Environmental Economics
AGEC 35203
Environmental and Natural Resources Law
AGEC 36003
New and Emerging Issues in Ag Law and Policy
AGEC 41203
Legal Issues in Animal Agriculture
AGEC 41603
Agricultural and Rural Development
AGEC 46003
Food Economics and Health
AGEC 46103
Political Economy of Agriculture and Food
AGEC 46203
International Agricultural Trade and Commercial Policy
Marketing Group
AGEC 33103
Agribusiness Sales
AGEC 41103
Agricultural Prices and Forecasting
AGEC 43003
Agribusiness Marketing Management
AGEC 43703
Basis Trading: Applied Price Risk Management
AGEC 43803
Basis Trading: Case Study
AGEC 46003
Food Economics and Health
Management Group
AGEC 40903
Risk in Agricultural Production
AGEC 42403
Agribusiness Strategy
AGEC 43103
Agricultural Business Management
AGEC 43203
AgriBusiness Entrepreneurship
AGEC 44003
Advanced Farm Business Management
Total Hours
18
The approved list of courses, check sheet, and degree program for all concentrations is available in the Agricultural Economics and Agribusiness departmental office.
AGEC 46003
may only be used in one group (no duplicates)
Agricultural Business B.S.A. with Agricultural Economics Concentration
Eight-Semester Degree Program
Students wishing to follow the degree plan in Agricultural Economics and Agribusiness should see the
Eight-Semester Degree Policy
in the Academic Regulations chapter for university requirements of the program. The Agricultural Economics and Agribusiness major has three concentrations: Agricultural Business Management and Marketing, Pre-Law, and Agricultural Economics.
First Year
Units
Fall
Spring
ENGL 10103
Composition I (ACTS Equivalency = ENGL 1013) (Satisfies General Education Outcome 1.1)
MATH 22003
Survey of Calculus (ACTS Equivalency = MATH 2203) (Satisfies General Education Outcome 2.1)
HIST 20003
History of the American People to 1877 (ACTS Equivalency = HIST 2113) (Satisfies General Education Outcome 4.2)
or
HIST 20103
History of the American People, 1877 to Present (ACTS Equivalency = HIST 2123)
or
PLSC 20003
American National Government (ACTS Equivalency = PLSC 2003)
AGEC 11003
Principles of Agricultural Microeconomics (Satisfies General Education Outcome 3.3)
or
ECON 22003
Principles of Microeconomics (ACTS Equivalency = ECON 2203)
UNIV 10051
University Perspectives
ASTM 29003
Agricultural and Human Environmental Sciences Applications of Microcomputers
or
ISYS 11203
Business Application Knowledge - Computer Competency
ENGL 10203
Composition II (ACTS Equivalency = ENGL 1023) (Satisfies General Education Outcome 1.1)
SPCH 10003
Public Speaking (ACTS Equivalency = SPCH 1003) (Satisfies General Education Outcomes 1.2 and 5.1)
Satisfies General Education Outcome 3.3:
AGEC 21003
Principles of Agricultural Macroeconomics (Satisfies General Education Outcome 3.3)
or
ECON 21003
Principles of Macroeconomics (ACTS Equivalency = ECON 2103)
AGEC 23003
Introduction to Agribusiness (Satisfies General Education Outcome 4.1)
AGEC 21403
Agribusiness Financial Records
or
ACCT 20103
Accounting Principles
Year Total:
16
15
Second Year
Units
Fall
Spring
AGEC 24003
Quantitative Tools for Agribusiness
or
MATH 21003
Principles of Statistics (ACTS Equivalency = MATH 2103)
or
BUSI 10303
Data Analysis and Interpretation
MATH 20503
Finite Mathematics
Fine Arts or Humanities University Core Elective (Satisfies General Education Outcome 3.1 or 3.2)
2, 3
General Electives
Science University Core Elective (Satisfies General Education Outcome 3.4)
Social Sciences University Core from (Satisfies General Education Outcome 3.3):
PSYC 20003
General Psychology (ACTS Equivalency = PSYC 1103) (Satisfies General Education Outcome 3.3)
or
HDFS 26003
Rural Families and Communities
or
SOCI 10103
General Sociology (ACTS Equivalency = SOCI 1013)
Science University Core Elective (Satisfies General Education Outcome 3.4)
AGEC 33003
Food and Agricultural Marketing
General Electives
AGEC Concentration Elective
Year Total:
16
15
Third Year
Units
Fall
Spring
AGEC 34003
Farm Business Management
AGEC 33703
Futures and Options Markets
AGEC 35003
Agricultural Law I
ECON 30303
Intermediate Microeconomics
Communication Intensive Elective
Fine Arts or Humanities University Core Elective (Satisfies General Education Outcome 3.1 or 3.2)
2, 3
ECON 31303
Intermediate Macroeconomics
Agribusiness Core Directed Electives
General Electives
Year Total:
15
15
Fourth Year
Units
Fall
Spring
AGEC 41403
Agricultural Finance
AGEC Concentration Elective
Agribusiness Core Directed Electives
General Elective
AGEC Concentration Elective
Agribusiness Core Directed Electives
Capstone Experience (Satisfies General Education Outcome 6.1)
1-3
AGEC 4010V
Internship in Agribusiness (Satisfies General Education Outcome 6.1)
or
AGEC 40401
Agribusiness Capstone
General Electives
Year Total:
15
13
Total Units in Sequence:
120
Students have demonstrated successful completion of the learning indicators identified for learning outcome 2.1, by meeting the prerequisites for
MATH 11003
or
MATH 11103
The Fine Arts Elective courses which satisfy General Education Outcome 3.1 include:
ARCH 10003
ARHS 10003
COMM 10003
DANC 10003
LARC 10003
MUSC 10003
MUSC 100H3
MUSC 10103
MUSC 101H3
MUSC 13303
THTR 10003
THTR 10103
, or
THTR 101H3
The Humanities Elective courses which satisfy General Education Outcome 3.2 include:
AAST 20203
ANTH 10303
ARCH 10103
CLST 10003
CLST 100H3
CLST 10103
COMM 12303
DANC 10003
ENGL 11103
ENGL 11203
ENGL 12103
ENGL 20103
GNST 20003
HUMN 112H4
HUMN 22103
LALS 20103
MRST 20103
MUSY 20003
MUSY 200H3
PHIL 20003
PHIL 200H3
PHIL 21003
PHIL 23003
THTR 10003
THTR 10103
THTR 101H3
, or Intermediate-level world language.
Students must complete 40 hours of upper division courses (30000-40000 level).  It is recommended that students consult with their academic adviser when making course selections.
Requirements for B.S.A. in Agricultural Business with Management and Marketing Concentration
Requirements for a Major in Agricultural Business
State minimum core
and discipline specific general education requirements:
(Course work that meets state minimum core requirements is in bold.)
University Requirements
UNIV 10051
University Perspectives
Communications
12
Select English State Minimum Core Courses (6 hours unless exempt)
SPCH 10003
Public Speaking (ACTS Equivalency = SPCH 1003)
Select one of the following:
ACOM 31403
Communicating Agriculture to the Public
ACOM 43403
Communication Campaigns in Agriculture
COMM 23003
Advanced Public Speaking
COMM 23203
Interpersonal Communication
COMM 23403
Introduction to Small-Group Communication
COMM 33803
Persuasion
CSES 30203
Crop, Soil, and Environmental Sciences Colloquium
ENGL 20003
Advanced Composition
ENGL 20133
Essay Writing
ENGL 30503
Technical and Professional Writing (ACTS Equivalency = ENGL 2023)
U.S. History or Government
Select U.S. History or Government State Minimum Core Course
Science
Select 2 Courses from Science State Minimum Core (8 total hours)
Fine Arts and Humanities
6-7
Select Fine Arts and Humanities State Minimum Core Courses
Social Sciences (3 hours)
Select one of the following:
PSYC 20003
General Psychology (ACTS Equivalency = PSYC 1103)
SOCI 10103
General Sociology (ACTS Equivalency = SOCI 1013)
HDFS 26003
Rural Families and Communities
AEAB Requirements
Agribusiness Prerequisite Core (21 hours)
21
MATH 22003
Survey of Calculus (ACTS Equivalency = MATH 2203) (or higher level calculus)
AGEC 24003
Quantitative Tools for Agribusiness
or
MATH 21003
Principles of Statistics (ACTS Equivalency = MATH 2103)
or
BUSI 10303
Data Analysis and Interpretation
AGEC 11003
Principles of Agricultural Microeconomics
or
ECON 22003
Principles of Microeconomics (ACTS Equivalency = ECON 2203)
AGEC 21003
Principles of Agricultural Macroeconomics
or
ECON 21003
Principles of Macroeconomics (ACTS Equivalency = ECON 2103)
AGEC 21403
Agribusiness Financial Records
or
ACCT 20103
Accounting Principles
AGEC 23003
Introduction to Agribusiness
ASTM 29003
Agricultural and Human Environmental Sciences Applications of Microcomputers
or
ISYS 11203
Business Application Knowledge - Computer Competency
Agribusiness Core (27 hours)
27
AGEC 33003
Food and Agricultural Marketing
AGEC 33703
Futures and Options Markets
AGEC 34003
Farm Business Management
AGEC 35003
Agricultural Law I
AGEC 41403
Agricultural Finance
Choose 12 hours from MATH, STAT, AGEC or courses in WCOB or the Bumpers College.
Concentration Requirements
18
Capstone Experience
1-3
AGEC 4010V
Internship in Agribusiness
AGEC 40401
Agribusiness Capstone
General Electives
18-20
Total Hours
120
Course is a Departmental Communications requirement.
For any student majoring in Agricultural Business, the 21 hours of Agribusiness Prerequisite Core courses must be completed before a student can enroll in upper division courses in the following areas:
Agribusiness Core, Concentration Requirements, and Capstone Experience.
Satisfies 3 hours of State Minimum Core Mathematics.
Satisfies 3 hours of State Minimum Core Social Sciences.
Additional Requirements for Agribusiness Management and Marketing Concentration
Select 18 hours from the following three groups (students must select a minimum of one course from each group):
18
Policy Group
AGEC 34103
Principles of Environmental Economics
AGEC 36003
New and Emerging Issues in Ag Law and Policy
AGEC 35203
Environmental and Natural Resources Law
AGEC 41203
Legal Issues in Animal Agriculture
AGEC 41603
Agricultural and Rural Development
AGEC 46103
Political Economy of Agriculture and Food
AGEC 46203
International Agricultural Trade and Commercial Policy
AGEC 46003
Food Economics and Health
Marketing Group
AGEC 33103
Agribusiness Sales
AGEC 41103
Agricultural Prices and Forecasting
AGEC 43003
Agribusiness Marketing Management
AGEC 43703
Basis Trading: Applied Price Risk Management
AGEC 43803
Basis Trading: Case Study
AGEC 46003
Food Economics and Health
Management Group
AGEC 40903
Risk in Agricultural Production
AGEC 42403
Agribusiness Strategy
AGEC 43103
Agricultural Business Management
AGEC 43203
AgriBusiness Entrepreneurship
AGEC 44003
Advanced Farm Business Management
Total Hours
18
AGEC 46003
may only be used in one group (no duplicates).
Agricultural Business B.S.A. with Management and Marketing Concentration
Eight-Semester Degree Program
Students wishing to follow the degree plan in Agricultural Economics and Agribusiness should see the
Eight-Semester Degree Policy
in the Academic Regulations chapter for university requirements of the program. The Agricultural Economics and Agribusiness major has three concentrations: Agricultural Business Management and Marketing, Pre-Law, and Agricultural Economics.
First Year
Units
Fall
Spring
ENGL 10103
Composition I (ACTS Equivalency = ENGL 1013) (Unless Exempt) (Satisfies General Education Outcome 1.1)
MATH 22003
Survey of Calculus (ACTS Equivalency = MATH 2203) ((or higher level calculus from the State Minimum Core) (Satisfies General Education Outcome 2.1)
U.S. History or Government State Minimum Core from (Satisfies General Education Outcome 4.2):
HIST 20003
History of the American People to 1877 (ACTS Equivalency = HIST 2113)
HIST 20103
History of the American People, 1877 to Present (ACTS Equivalency = HIST 2123)
PLSC 20003
American National Government (ACTS Equivalency = PLSC 2003)
Satisfies General Education Outcome 3.3:
AGEC 11003
Principles of Agricultural Microeconomics
or
ECON 22003
Principles of Microeconomics (ACTS Equivalency = ECON 2203)
General Elective
UNIV 10051
University Perspectives
ENGL 10203
Composition II (ACTS Equivalency = ENGL 1023) (Unless Exempt (Satisfies General Education Outcome 1.1)
SPCH 10003
Public Speaking (ACTS Equivalency = SPCH 1003) (Satisfies General Education Outcomes 1.2 and 5.1)
AGEC 21003
Principles of Agricultural Macroeconomics (Satisfies General Education Outcome 3.3)
or
ECON 21003
Principles of Macroeconomics (ACTS Equivalency = ECON 2103)
AGEC 23003
Introduction to Agribusiness (Satisfies General Education Outcome 4.1)
ASTM 29003
Agricultural and Human Environmental Sciences Applications of Microcomputers
or
ISYS 11203
Business Application Knowledge - Computer Competency
Year Total:
16
15
Second Year
Units
Fall
Spring
Select one from:
AGEC 24003
Quantitative Tools for Agribusiness
MATH 21003
Principles of Statistics (ACTS Equivalency = MATH 2103)
BUSI 10303
Data Analysis and Interpretation
Fine Arts or Humanities State Minimum Core Elective (Satisfies General Education Outcome 3.1 or 3.2)
2, 3
Science State Minimum Core Elective (Satisfies General Education Outcome 3.4)
AGEC 21403
Agribusiness Financial Records
or
ACCT 20103
Accounting Principles
General Elective
Select one of the following (Satisfies General Education Outcome 3.3):
HDFS 26003
Rural Families and Communities
PSYC 20003
General Psychology (ACTS Equivalency = PSYC 1103)
SOCI 10103
General Sociology (ACTS Equivalency = SOCI 1013)
Science State Minimum Core Elective (Satisfies General Education Outcome 3.4)
AGEC 33003
Food and Agricultural Marketing
Communication Intensive Elective
General Elective
Year Total:
16
15
Third Year
Units
Fall
Spring
AGEC 33703
Futures and Options Markets
AGEC 34003
Farm Business Management
AGEC 35003
Agricultural Law I
General Elective
Fine Arts or Humanities State Minimum Core Elective (Satisfies General Education Outcome 3.1 or 3.2)
2, 3
ABMM Concentration Electives
Agribusiness Core Directed Electives
General Elective
Year Total:
15
15
Fourth Year
Units
Fall
Spring
AGEC 41403
Agricultural Finance
ABMM Concentration Electives
Agribusiness Core Directed Electives
General Elective
ABMM Concentration Elective
Agribusiness Core Directed Electives
Capstone Experience (Satisfies General Education Outcome 6.1)
1-3
Year Total:
15
13
Total Units in Sequence:
120
Students have demonstrated successful completion of the learning indicators identified for learning outcome 2.1, by meeting the prerequisites for
MATH 11003
or
MATH 11103
The Fine Arts Elective courses which satisfy General Education Outcome 3.1 include:
ARCH 10003
ARHS 10003
COMM 10003
DANC 10003
LARC 10003
MUSC 10003
MUSC 100H3
MUSC 10103
MUSC 101H3
MUSC 13303
THTR 10003
THTR 10103
, or
THTR 101H3
The Humanities Elective courses which satisfy General Education Outcome 3.2 include:
AAST 20203
ANTH 10303
ARCH 10103
CLST 10003
CLST 100H3
CLST 10103
COMM 12303
DANC 10003
ENGL 12103
ENGL 20103
GNST 20003
HUMN 112H4
HUMN 22103
LALS 20103
MRST 20103
MUSY 20003
MUSY 200H3
PHIL 20003
PHIL 200H3
PHIL 21003
PHIL 23003
THTR 10003
THTR 10103
THTR 101H3
ENGL 11103
ENGL 11203
, or intermediate-level world language (usually 2003-level).
Students must complete 40 hours of upper division courses (3000-4000 level).  It is recommended that students consult with their academic adviser when making course selections.
Requirements for B.S.A. in Agricultural Business with Pre-Law Concentration
Requirements for a Major in Agricultural Business
State minimum core
and discipline specific general education requirements:
(Course work that meets state minimum core requirements is in bold.)
University Requirements
UNIV 10051
University Perspectives
Communications
12
Select English State Minimum Core Courses (6 hours unless exempt)
SPCH 10003
Public Speaking (ACTS Equivalency = SPCH 1003)
Select one of the following:
ACOM 31403
Communicating Agriculture to the Public
ACOM 43403
Communication Campaigns in Agriculture
COMM 23003
Advanced Public Speaking
COMM 23203
Interpersonal Communication
COMM 23403
Introduction to Small-Group Communication
COMM 33803
Persuasion
CSES 30203
Crop, Soil, and Environmental Sciences Colloquium
ENGL 20003
Advanced Composition
ENGL 20133
Essay Writing
ENGL 30503
Technical and Professional Writing (ACTS Equivalency = ENGL 2023)
U.S. History or Government
Select U.S. History or Government State Minimum Core Course
Science
Select 2 Courses from Science State Minimum Core (8 total hours)
Fine Arts and Humanities
6-7
Select Fine Arts and Humanities State Minimum Core Courses
Social Sciences (3 hours)
Select one of the following:
PSYC 20003
General Psychology (ACTS Equivalency = PSYC 1103)
SOCI 10103
General Sociology (ACTS Equivalency = SOCI 1013)
HDFS 26003
Rural Families and Communities
AEAB Requirements
Agribusiness Prerequisite Core (21 hours)
21
MATH 22003
Survey of Calculus (ACTS Equivalency = MATH 2203) (or higher level calculus)
AGEC 24003
Quantitative Tools for Agribusiness
or
MATH 21003
Principles of Statistics (ACTS Equivalency = MATH 2103)
or
BUSI 10303
Data Analysis and Interpretation
AGEC 11003
Principles of Agricultural Microeconomics
or
ECON 22003
Principles of Microeconomics (ACTS Equivalency = ECON 2203)
AGEC 21003
Principles of Agricultural Macroeconomics
or
ECON 21003
Principles of Macroeconomics (ACTS Equivalency = ECON 2103)
AGEC 21403
Agribusiness Financial Records
or
ACCT 20103
Accounting Principles
AGEC 23003
Introduction to Agribusiness
ASTM 29003
Agricultural and Human Environmental Sciences Applications of Microcomputers
or
ISYS 11203
Business Application Knowledge - Computer Competency
Agribusiness Core (27 hours)
27
AGEC 33003
Food and Agricultural Marketing
AGEC 33703
Futures and Options Markets
AGEC 34003
Farm Business Management
AGEC 35003
Agricultural Law I
AGEC 41403
Agricultural Finance
Choose 12 hours from MATH, STAT, AGEC or courses in WCOB or the Bumpers College.
Concentration Requirements
18
Capstone Experience
1-3
AGEC 4010V
Internship in Agribusiness
AGEC 40401
Agribusiness Capstone
General Electives
18-20
Total Hours
120
Course is a Departmental Communications requirement.
For any student majoring in Agricultural Business, the 21 hours of Agribusiness Prerequisite Core courses must be completed before a student can enroll in upper division courses in the following areas:
Agribusiness Core, Concentration Requirements, and Capstone Experience.
Satisfies 3 hours of State Minimum Core Mathematics.
Satisfies 3 hours of State Minimum Core Social Sciences.
Additional Requirements for Pre-Law Concentration
AGEC 36003
New and Emerging Issues in Ag Law and Policy
AGEC 35203
Environmental and Natural Resources Law
or
AGEC 41203
Legal Issues in Animal Agriculture
Select 12 hours from at least two of the following areas:
12
Area 1
BLAW 20003
The Legal Environment of Business (ACTS Equivalency = BLAW 2003)
BLAW 30303
Commercial Law
Area 2
COMM 23003
Advanced Public Speaking
COMM 33803
Persuasion
COMM 34403
Introduction to Rhetorical Theory
COMM 41103
Legal Communication
Area 3
PHIL 20003
Introduction to Philosophy (ACTS Equivalency = PHIL 1103)
PHIL 21003
Introduction to Ethics (ACTS Equivalency = PHIL 1003)
PHIL 22003
Logic (ACTS Equivalency = PHIL 1003)
PHIL 31003
Ethics and the Professions
PHIL 41403
Philosophy of Law
Area 4
PLSC 31003
Public Administration
PLSC 41503
Public Policy
PLSC 32403
The Judicial Process
PLSC 41903
Administrative Law
PLSC 42503
The U.S. Constitution I
PLSC 42603
The U.S. Constitution II
Area 5
AGEC (any upper level)
Total Hours
18
AGEC courses in the Policy Group are strongly recommended.  Policy Group courses include:
AGEC 34103
AGEC 35203
AGEC 41203
AGEC 41603
AGEC 46003
AGEC 46103
, and
AGEC 46203
3/3 Program – Agriculture
Exceptional students in the pre-law concentration in the Dale Bumpers College of Agricultural, Food and Life Sciences may enroll in the School of Law in their fourth year provided that all requirements have been met. Students must have:
Completed all university, college, and major course requirements for the pre-law concentration;
Completed 12 hours in the specialization list for pre-law;
Earned a cumulative GPA of at least 3.50 without grade renewal; and
Received an LSAT score of at least 159.
A student admitted to this program may substitute School of Law course work for the remaining total hours required for the bachelor’s degree in agricultural business.
It is a requirement of the School of Law’s accrediting standards that no student be admitted to the School of Law until they have completed at least three-fourths of the work necessary for the baccalaureate degree. The requirements embodied in the 3/3 programs satisfy this requirement.
Agricultural Business B.S.A. with Pre-Law Concentration
Eight-Semester Degree Program
Students wishing to follow the degree plan in Agricultural Economics and Agribusiness should see the
Eight-Semester Degree Policy
in the Academic Regulations chapter for university requirements of the program. The Agricultural Economics and Agribusiness major has three concentrations: Agricultural Business Management and Marketing, Pre-Law, and Agricultural Economics.
First Year
Units
Fall
Spring
ENGL 10103
Composition I (ACTS Equivalency = ENGL 1013) (Satisfies General Education Outcome 1.1)
MATH 22203
Survey of Mathematical Structures II (or higher level calculus course from the State Minimum Core excluding MATH 21803 (Satisfies General Education Outcome 2.1)
U.S. History or Government State Minimum Core from (Satisfies General Education Outcome 4.2):
HIST 20003
History of the American People to 1877 (ACTS Equivalency = HIST 2113)
HIST 20103
History of the American People, 1877 to Present (ACTS Equivalency = HIST 2123)
PLSC 20003
American National Government (ACTS Equivalency = PLSC 2003)
Satisfies General Education Outcome 3.3:
AGEC 11003
Principles of Agricultural Microeconomics
or
ECON 22003
Principles of Microeconomics (ACTS Equivalency = ECON 2203)
General Elective
UNIV 10051
University Perspectives
ENGL 10203
Composition II (ACTS Equivalency = ENGL 1023) (Satisfies General Education Outcome 1.1)
SPCH 10003
Public Speaking (ACTS Equivalency = SPCH 1003) (Satisfies General Education Outcomes 1.2 and 5.1)
Satisfies General Education Outcome 3.3:
AGEC 21003
Principles of Agricultural Macroeconomics
or
ECON 21003
Principles of Macroeconomics (ACTS Equivalency = ECON 2103)
AGEC 23003
Introduction to Agribusiness (Satisfies General Education Outcome 4.1)
ASTM 29003
Agricultural and Human Environmental Sciences Applications of Microcomputers
or
ISYS 11203
Business Application Knowledge - Computer Competency
Year Total:
16
15
Second Year
Units
Fall
Spring
Communication Intensive Elective
Select one from:
AGEC 24003
Quantitative Tools for Agribusiness
MATH 21003
Principles of Statistics (ACTS Equivalency = MATH 2103)
Fine Arts or Humanities State Minimum Core Elective (Satisfies General Education Outcome 3.1 or 3.2)
2, 3
Science State Minimum Core Elective (Satisfies General Education Outcome 3.4)
AGEC 21403
Agribusiness Financial Records
or
ACCT 20103
Accounting Principles
Social Sciences State Minimum Core from (Satisfies General Education Outcome 3.3):
PSYC 20003
General Psychology (ACTS Equivalency = PSYC 1103)
HDFS 26003
Rural Families and Communities
SOCI 10103
General Sociology (ACTS Equivalency = SOCI 1013)
Science State Minimum Core Elective (Satisfies General Education Outcome 3.4)
AGEC 33003
Food and Agricultural Marketing
General Electives
Year Total:
16
16
Third Year
Units
Fall
Spring
Fine Arts or Humanities State Minimum Core Elective (Satisfies General Education Outcome 3.1 or 3.2)
2, 3
AGEC 34003
Farm Business Management
AGEC 33703
Futures and Options Markets
AGEC 35003
Agricultural Law I
General Elective
AGEC 35203
Environmental and Natural Resources Law
or
AGEC 41203
Legal Issues in Animal Agriculture
Agribusiness Core Directed Electives
PRLW Concentration Electives
General Elective
Year Total:
15
15
Fourth Year
Units
Fall
Spring
AGEC 41403
Agricultural Finance
Agribusiness Core Directed Electives
PRLW Concentration Electives
General Elective
Agribusiness Core Directed Electives
PRLW Concentration Electives
Capstone Experience (Satisfies General Education Outcome 6.1)
1-3
General Elective
Year Total:
15
12
Total Units in Sequence:
120
Students have demonstrated successful completion of the learning indicators identified for learning outcome 2.1, by meeting the prerequisites for
MATH 11003
or
MATH 11103
The Fine Arts Elective courses which satisfy General Education Outcome 3.1 include:
ARCH 10003
ARHS 10003
COMM 10003
DANC 10003
LARC 10003
MUSC 10003
MUSC 100H3
MUSC 10103
MUSC 101H3
MUSC 13303
THTR 10003
THTR 10103
, or
THTR 101H3
The Humanities Elective courses which satisfy General Education Outcome 3.2 include:
AAST 20203
ANTH 10303
ARCH 10103
CLST 10003
CLST 100H3
CLST 10103
COMM 12303
DANC 10003
ENGL 12103
ENGL 20103
GNST 20003
HUMN 112H4
HUMN 22103
LALS 20103
MRST 20103
MUSY 20003
MUSY 200H3
PHIL 20003
PHIL 200H3
PHIL 21003
PHIL 23003
THTR 10003
THTR 10103
THTR 101H3
ENGL 11103
ENGL 11203
, or intermediate-level world language (usually 2003-level).
Students must complete 40 hours of upper division courses (30000-40000 level).  It is recommended that students consult with their academic adviser when making course selections.
Requirements for B.S.A. in Agricultural Business with Risk Management Concentration
Requirements for a Major in Agricultural Business
State minimum core
and discipline specific general education requirements:
(Course work that meets state minimum core requirements is in bold.)
University Requirements
UNIV 10051
University Perspectives
Communications
12
Select English State Minimum Core Courses (6 hours unless exempt)
SPCH 10003
Public Speaking (ACTS Equivalency = SPCH 1003)
Select one of the following:
ACOM 31403
Communicating Agriculture to the Public
ACOM 43403
Communication Campaigns in Agriculture
COMM 23003
Advanced Public Speaking
COMM 23203
Interpersonal Communication
COMM 23403
Introduction to Small-Group Communication
COMM 33803
Persuasion
CSES 30203
Crop, Soil, and Environmental Sciences Colloquium
ENGL 20003
Advanced Composition
ENGL 20133
Essay Writing
ENGL 30503
Technical and Professional Writing (ACTS Equivalency = ENGL 2023)
U.S. History or Government
Select U.S. History or Government State Minimum Core Course
Science
Select 2 Courses from Science State Minimum Core (8 total hours)
Fine Arts and Humanities
6-7
Select Fine Arts and Humanities State Minimum Core Courses
Social Sciences (3 hours)
Select one of the following:
PSYC 20003
General Psychology (ACTS Equivalency = PSYC 1103)
SOCI 10103
General Sociology (ACTS Equivalency = SOCI 1013)
HDFS 26003
Rural Families and Communities
AEAB Requirements
Agribusiness Prerequisite Core (21 hours)
21
MATH 22003
Survey of Calculus (ACTS Equivalency = MATH 2203) (or higher level calculus)
AGEC 24003
Quantitative Tools for Agribusiness
or
MATH 21003
Principles of Statistics (ACTS Equivalency = MATH 2103)
or
BUSI 10303
Data Analysis and Interpretation
AGEC 11003
Principles of Agricultural Microeconomics
or
ECON 22003
Principles of Microeconomics (ACTS Equivalency = ECON 2203)
AGEC 21003
Principles of Agricultural Macroeconomics
or
ECON 21003
Principles of Macroeconomics (ACTS Equivalency = ECON 2103)
AGEC 21403
Agribusiness Financial Records
or
ACCT 20103
Accounting Principles
AGEC 23003
Introduction to Agribusiness
ASTM 29003
Agricultural and Human Environmental Sciences Applications of Microcomputers
or
ISYS 11203
Business Application Knowledge - Computer Competency
Agribusiness Core (27 hours)
27
AGEC 33003
Food and Agricultural Marketing
AGEC 33703
Futures and Options Markets
AGEC 34003
Farm Business Management
AGEC 35003
Agricultural Law I
AGEC 41403
Agricultural Finance
Choose 12 hours from MATH, STAT, AGEC or courses in WCOB or the Bumpers College.
Concentration Requirements
18
Capstone Experience
1-3
AGEC 4010V
Internship in Agribusiness
AGEC 40401
Agribusiness Capstone
General Electives
18-20
Total Hours
120
Course is a Departmental Communications requirement.
For any student majoring in Agricultural Business, the 21 hours of Agribusiness Prerequisite Core courses must be completed before a student can enroll in upper division courses in the following areas:
Agribusiness Core, Concentration Requirements, and Capstone Experience.
Satisfies 3 hours of State Minimum Core Mathematics.
Satisfies 3 hours of State Minimum Core Social Sciences.
Additional Requirements for Agribusiness Risk Management Concentration
Select 18 hours from the following courses:
18
AGEC 40903
Risk in Agricultural Production
AGEC 41103
Agricultural Prices and Forecasting
AGEC 43703
Basis Trading: Applied Price Risk Management
ECON 30303
Intermediate Microeconomics
FINN 30503
Financial Markets and Institutions
FINN 36203
Risk Management
FINN 37003
International Finance
Total Hours
18
The approved list of courses, check sheet, and degree program for all concentrations is available in the Agricultural Economics and Agribusiness departmental office.
Agricultural Business B.S.A. with Agribusiness Risk Management Concentration
Eight-Semester Degree Program
Students wishing to follow the degree plan in Agricultural Economics and Agribusiness should see the
Eight-Semester Degree Policy
in the Academic Regulations chapter for university requirements of the program.
First Year
Units
Fall
Spring
ENGL 10103
Composition I (ACTS Equivalency = ENGL 1013) (Unless Exempt) (Satisfies General Education Outcome 1.1)
MATH 22003
Survey of Calculus (ACTS Equivalency = MATH 2203) ((or higher level calculus from the State Minimum Core excluding MATH 21803) (Satisfies General Education Outcome 2.1)
U.S. History or Government State Minimum Core from (Satisfies General Education Outcome 4.2):
HIST 20003
History of the American People to 1877 (ACTS Equivalency = HIST 2113)
HIST 20103
History of the American People, 1877 to Present (ACTS Equivalency = HIST 2123)
PLSC 20003
American National Government (ACTS Equivalency = PLSC 2003)
Satisfies General Education Outcome 3.3:
AGEC 11003
Principles of Agricultural Microeconomics
or
ECON 22003
Principles of Microeconomics (ACTS Equivalency = ECON 2203)
General Elective
UNIV 10051
University Perspectives
ENGL 10203
Composition II (ACTS Equivalency = ENGL 1023) (Unless Exempt (Satisfies General Education Outcome 1.1)
SPCH 10003
Public Speaking (ACTS Equivalency = SPCH 1003) (Satisfies General Education Outcomes 1.2 and 5.1)
Satisfies General Education Outcome 3.3:
AGEC 21003
Principles of Agricultural Macroeconomics
or
ECON 21003
Principles of Macroeconomics (ACTS Equivalency = ECON 2103)
AGEC 23003
Introduction to Agribusiness (Satisfies General Education Outcome 4.1)
ASTM 29003
Agricultural and Human Environmental Sciences Applications of Microcomputers
or
ISYS 11203
Business Application Knowledge - Computer Competency
Year Total:
16
15
Second Year
Units
Fall
Spring
Select one from:
AGEC 24003
Quantitative Tools for Agribusiness
MATH 21003
Principles of Statistics (ACTS Equivalency = MATH 2103)
BUSI 10303
Data Analysis and Interpretation
Fine Arts or Humanities State Minimum Core Elective (Satisfies General Education Outcome 3.1 or 3.2)
2, 3
Science State Minimum Core Elective (Satisfies General Education Outcome 3.4)
AGEC 21403
Agribusiness Financial Records
or
ACCT 20103
Accounting Principles
General Elective
Select one of the following (Satisfies General Education Outcome 3.3):
HDFS 26003
Rural Families and Communities
PSYC 20003
General Psychology (ACTS Equivalency = PSYC 1103)
SOCI 10103
General Sociology (ACTS Equivalency = SOCI 1013)
Science State Minimum Core Elective (Satisfies General Education Outcome 3.4)
AGEC 33003
Food and Agricultural Marketing
Communication Intensive Elective
General Elective
Year Total:
16
15
Third Year
Units
Fall
Spring
AGEC 33703
Futures and Options Markets
AGEC 34003
Farm Business Management
AGEC 35003
Agricultural Law I
General Elective
Fine Arts or Humanities State Minimum Core Elective (Satisfies General Education Outcome 3.1 or 3.2)
2, 3
ABRM Concentration Electives
Agribusiness Core Directed Electives
General Elective
Year Total:
15
15
Fourth Year
Units
Fall
Spring
AGEC 41403
Agricultural Finance
ABRM Concentration Electives
Agribusiness Core Directed Electives
General Elective
ABRM Concentration Elective
Agribusiness Core Directed Electives
Capstone Experience (Satisfies General Education Outcome 6.1)
1-3
Year Total:
15
13
Total Units in Sequence:
120
Students have demonstrated successful completion of the learning indicators identified for learning outcome 2.1, by meeting the prerequisites for
MATH 11003
or
MATH 11103
The Fine Arts Elective courses which satisfy General Education Outcome 3.1 include:
ARCH 10003
ARHS 10003
COMM 10003
DANC 10003
LARC 10003
MUSC 10003
MUSC 100H3
MUSC 10103
MUSC 101H3
MUSC 13303
THTR 10003
THTR 10103
, or
THTR 101H3
The Humanities Elective courses which satisfy General Education Outcome 3.2 include:
AAST 20203
ANTH 10303
ARCH 10103
CLST 10003
CLST 100H3
CLST 10103
COMM 12303
DANC 10003
ENGL 12103
ENGL 20103
GNST 20003
HUMN 112H4
HUMN 22103
LALS 20103
MRST 20103
MUSY 20003
MUSY 200H3
PHIL 20003
PHIL 200H3
PHIL 21003
PHIL 23003
THTR 10003
THTR 10103
THTR 101H3
ENGL 11103
ENGL 11203
, or intermediate-level world language (usually 2003-level).
Students must complete 40 hours of upper division courses (30000-40000 level).  It is recommended that students consult with their academic adviser when making course selections.
Minor in Agricultural Business (AGBS-M)
The Agricultural Business Minor will consist of 21 semester hours to include:
Core Requirements (9 hours)
AGEC 11003
Principles of Agricultural Microeconomics
or
ECON 22003
Principles of Microeconomics (ACTS Equivalency = ECON 2203)
AGEC 23003
Introduction to Agribusiness
or
AGEC 21003
Principles of Agricultural Macroeconomics
or
ECON 21003
Principles of Macroeconomics (ACTS Equivalency = ECON 2103)
ASTM 29003
Agricultural and Human Environmental Sciences Applications of Microcomputers
or
ISYS 11203
Business Application Knowledge - Computer Competency
Select two of the following Core Electives (6 hours):
AGEC 21403
Agribusiness Financial Records
or
ACCT 20103
Accounting Principles
AGEC 24003
Quantitative Tools for Agribusiness
or
MATH 21003
Principles of Statistics (ACTS Equivalency = MATH 2103)
or
BUSI 10303
Data Analysis and Interpretation
AGEC 33003
Food and Agricultural Marketing
AGEC 33103
Agribusiness Sales
AGEC 33703
Futures and Options Markets
AGEC 34003
Farm Business Management
AGEC 35003
Agricultural Law I
AGEC 41403
Agricultural Finance
Select two of the following Controlled Electives (6 hours):
Any upper division AGEC course not already used
POSC 42103
Integrated Poultry Management Systems
Approved substitutions
Total Hours
21
For any student minoring in Agricultural Business, all 9 hours of Core Requirements must be completed before enrolling in upper division Core Elective or Controlled Elective courses.
Additional upper-division courses in the Sam M. Walton College of Business may be substituted with approval, provided prerequisites for those courses have been satisfied outside the minor.  A minimum of six hours of upper-division AGEC courses without substitution is required for the minor.
A student planning to minor in Agricultural Business should contact the program adviser for consultation and more detailed information.
Minor in International Economic Development (INDV-M)
Course Requirements
Successfully complete four of the following five courses:
12
AGEC 41603
Agricultural and Rural Development
AGEC 46203
International Agricultural Trade and Commercial Policy
ECON 38403
Economics of the Developing World
ECON 38503
Emerging Markets
ECON 46303
International Trade
Take a minimum of 3 hours of pre-approved study abroad experience
Total Hours
15
Faculty
Ahrendsen, Bruce L.,
Ph.D., M.S. (North Carolina State University), B.S. (Iowa State University), Professor, 1990, 2007.
Ala-Kokko, Kristiina,
Ph.D. (Kansas State University), M.S. (Ghent University), M.S., B.S. (University of Arkansas), Assistant Professor, 2018, 2025.
Anderson, John D.,
Ph.D. (Oklahoma State University), M.S. (Arkansas State University), B.S. (College of the Ozarks), Professor, 2020.
Briam, Hunter,
Ph.D. (Kansas State University), M.S. (Mississippi State University), B.S. (Arkansas State University), Assistant Professor, 2016, 2022.
Connor, Lawson,
Ph.D., M.E. (North Carolina State University), B.A. (Macalester College), Assistant Professor, 2022.
Durand-Morat, Alvaro,
Ph.D., M.S. (University of Arkansas), B.S.E. (National University of Entre Rios), Assistant Professor, 2016.
Gao, Shijun,
Ph.D. (Arizona State University), M.A. (Vanderbilt University), B.A. (China Agricultural University), Assistant Professor, 2013, 2022.
Huang, Quiqiong,
Ph.D. (University of California-Davis), B.S. (Remin University of China), Professor, 2013, 2018.
Kemper, Nathan,
Ph.D., M.S. (University of Arkansas), B.S. (Missouri State University), Clinical Professor, 2014.
Loy, Ryan,
Ph.D., M.S., B.S. (Oklahoma State University), Assistant Professor, 2018, 2023.
McFadden, Brandon,
Ph.D. (Oklahoma State University), M.S. (University of Arkansas), B.S. (University of Arkansas–Fort Smith), Professor, .
McKenzie, Andrew Malcolm,
Ph.D. (North Carolina State University), M.Sc. (Stirling University), B.Admin. (University of Dundee), Professor, 1998, 2010.
Mitchell, James,
Ph.D. (Kansas State University), M.S., B.S. (Oklahoma State University), Extension Assistant Professor, 2020.
Nalley, Lawton Lanier,
Ph.D. (Kansas State University), M.S. (Mississippi State University), B.S. (The Ohio State University), Professor, 2008, 2018.
Park, Eunchun,
Ph.D. (Oklahoma State University), M.S., B.S. (Korea University), Assistant Professor, 2010, 2017.
Pinto, Bruno,
Ph.D., M.S. (University of Nebraska-Lincoln), M.S. (Universidade Federal de Vi¸cosa, Brazil), B.S. (Universidade Federal da Para´ıba, Brazil), Teaching Assistant Professor, 2018, 2024.
Popp, Jennie Sheerin,
Ph.D., M.S. (Colorado State University), B.S. (University of Scranton), Professor, 1998, 2010.
Popp, Michael P.,
Ph.D. (Colorado State University), M.B.A. (University of Colorado-Boulder), B.Comm. (University of Manitoba), Professor, 1998, 2006.
Rainey, Ronald L.,
Ph.D., M.S., B.S.A. (University of Arkansas), Professor, 1993, 2012.
Rumley, Rusty W.,
J.D. (University of Oklahoma), Research Assistant Professor, 2009.
Thompson, Jada,
(Colorado State University), M.S. (University of Arkansas), M.S. (Ghent University), B.S. (University of Arkansas), Associate Professor, 2008, 2016.
Watkins, Kenton Bradley,
Ph.D. (Oklahoma State University), M.S., B.A. (University of Arkansas), Professor, 2002, 2014.
Courses
AGEC 11003. Principles of Agricultural Microeconomics. 3 Hours.
Introduction to agricultural economics, including a survey of the role and characteristics of agriculture businesses in our economic system. Basic economic concepts concerning price determination, profit maximization, and resource use are emphasized. The use of economic principles as applied to the production and marketing decisions made by managers of agricultural firms is demonstrated. Credit will be allowed for only one of
AGEC 11003
or
ECON 22003
or
ECON 220H3
. Pre- or Corequisite:
MATH 11003
. (Typically offered: Fall, Spring and Summer)
This course is cross-listed with
ECON 22003
AGEC 110H3. Honors Principles of Agricultural Microeconomics. 3 Hours.
Introduction to agricultural economics, including a survey of the role and characteristics of agriculture businesses in our economic system. Basic economic concepts concerning price determination, profit maximization, and resource use are emphasized. The use of economic principles as applied to the production and marketing decisions made by managers of agricultural firms is demonstrated. Credit will be allowed for only one of
AGEC 11003
or
ECON 22003
or
ECON 220H3
. Pre- or Corequisite:
MATH 11003
. (Typically offered: Fall and Spring)
This course is cross-listed with
ECON 22003
AGEC 11003
AGEC 21003. Principles of Agricultural Macroeconomics. 3 Hours.
Applications of economics principles to problems of agricultural production, distribution, and income; including a study of the interrelationship between agriculture and other segments of the economy; and the dynamic forces in the economy which affect agriculture. Credit will be allowed for only one of
AGEC 21003
or
AGEC 210H3
or
ECON 21003
or
ECON 210H3
. Pre- or Corequisite:
MATH 11003
. (Typically offered: Fall, Spring and Summer)
This course is cross-listed with
ECON 21003
AGEC 210H3. Honors Principles of Agricultural Macroeconomics. 3 Hours.
Applications of economics principles to problems of agricultural production, distribution, and income; including a study of the interrelationship between agriculture and other segments of the economy; and the dynamic forces in the economy which affect agriculture. Credit will be allowed for only one of
AGEC 21003
or
AGEC 210H3
or
ECON 21003
or
ECON 210H3
. Pre- or Corequisite:
MATH 11003
. Prerequisite: Honors standing. (Typically offered: Fall and Spring)
This course is cross-listed with
ECON 21003
AGEC 21003
AGEC 21403. Agribusiness Financial Records. 3 Hours.
Principles of small agricultural business management accounting practices are taught to allow students to gain hands-on experience with financial record keeping for a business. Resulting financial statements are analyzed to determine opportunities for enhancing financial efficiency. Prerequisite: (
ASTM 29003
or
ISYS 11203
) and (
AGEC 11003
or
ECON 22003
or
ECON 21403
). (Typically offered: Fall, Spring and Summer)
AGEC 23003. Introduction to Agribusiness. 3 Hours.
Introduction to agribusiness issues as they relate to the food processing, wholesale and retail sectors of the agricultural industry. Coverage of methods and tools agribusiness managers use to evaluate business opportunities. Case studies serve to communicate concepts of product distribution, design, promotion and pricing in the development of a marketing plan. Prerequisite:
AGEC 11003
or
ECON 22003
. (Typically offered: Fall, Spring and Summer)
AGEC 24003. Quantitative Tools for Agribusiness. 3 Hours.
Introduction to quantitative methods used in agricultural economics and agribusiness with an emphasis on skills and techniques that will enhance the ability of students to perform in upper division coursework. Provides an overview of statistical and optimization methods used in research problems, economic theory, and applied decision making activities. Prerequisite: (
AGEC 11003
or
ECON 22003
or
ECON 21403
) and
MATH 22003
(or higher MATH course from the University Core excluding
MATH 21803
). (Typically offered: Fall)
AGEC 33003. Food and Agricultural Marketing. 3 Hours.
Surveys consumer trends in food markets and the marketing activities of the food and fiber system. Emphasizes marketing concepts for both commodities and differentiated food products. Topics include applied consumer and price theory; marketing management; structure and performance of the food system; and current agricultural marketing topics. Prerequisite:
AGEC 11003
or
ECON 22003
or
ECON 21403
. (Typically offered: Fall and Spring)
AGEC 33103. Agribusiness Sales. 3 Hours.
Principles of professional sales and sales management techniques used in food and agricultural firms; develop a professional sales presentation; study current agribusiness industry professional sales persons and sales practices and techniques. Prerequisite:
AGEC 11003
or
AGEC 21003
or
ECON 21003
or
ECON 22003
or
ECON 21403
or equivalent. (Typically offered: Spring)
AGEC 33703. Futures and Options Markets. 3 Hours.
Theory and mechanics of commodity futures and options markets including trading, margin, fees, etc. Price relationships between cash, futures and options. Fundamental and technical price analysis. Price risk management strategies for producers and users of agricultural commodity marketing plan. Speculative and hedging simulation exercises. Prerequisite:
AGEC 11003
or
ECON 22003
. (Typically offered: Fall and Spring)
AGEC 34003. Farm Business Management. 3 Hours.
Application of economic principles for the profitable organization and operation of the farm business. Focuses upon agricultural production management decision-making tools: budgeting techniques (enterprise, partial, cash flow), balance sheet, income statement, cash flow, investment analysis and risk management. Recommended:
AGEC 11003
(or
ECON 22003
),
AGEC 21403
, and
ASTM 29003
. (Typically offered: Fall, Spring and Summer)
AGEC 34103. Principles of Environmental Economics. 3 Hours.
An introductory, issues-oriented course in the economics of the environment. The course will focus on what is involved in how society makes decisions about environmental quality. The environmental issues important to the State of Arkansas and the United States will be emphasized. Prerequisite:
AGEC 11003
or
ECON 22003
. (Typically offered: Spring)
This course is cross-listed with
ENSC 34103
AGEC 341H3. Honors Principles of Environmental Economics. 3 Hours.
An introductory, issues-oriented course in the economics of the environment. The course will focus on what is involved in how society makes decisions about environmental quality. The environmental issues important to the State of Arkansas and the United States will be emphasized. Corequisite: Drill component. Prerequisite:
AGEC 11003
or
ECON 22003
. (Typically offered: Spring)
This course is cross-listed with
AGEC 34103
ENSC 34103
AGEC 35003. Agricultural Law I. 3 Hours.
Examination of those areas of law especially applicable to agriculture. Fundamentals of contract law, torts law, and property law will accompany discussion of major areas of agricultural law; acquisition and disposal of farmland; farm tenancies; rights and limitations in the use and ownership of farmland; water law; environmental protection; protection of the productivity of agricultural land; and the law of sales and secured transactions in an agricultural context. (Typically offered: Fall and Spring)
AGEC 35203. Environmental and Natural Resources Law. 3 Hours.
Principles of environmental and natural resources law relevant to agriculture, food and the environmental sciences; legal principles relating to regulation of water, air, hazardous substances, land, wildlife, livestock, and water rights. Principles of civil and criminal liabilities and other developing legal and regulatory issues relating to agriculture and natural resources. (Typically offered: Spring Even Years)
AGEC 36003. New and Emerging Issues in Ag Law and Policy. 3 Hours.
This course explores the evolving landscape of agricultural law and policy, addressing the most pressing and current issues affecting the agricultural sector today. Students will examine the legal, regulatory, and policy frameworks that govern agriculture, with a focus on recent developments and emerging challenges. Prerequisite:
AGEC 35003
. (Typically offered: Spring)
AGEC 4000V. Special Problems. 1-6 Hour.
Special studies and readings conducted under the direct supervision of staff members to satisfy the requirements of individual students. (Typically offered: Fall, Spring and Summer) May be repeated for up to 6 hours of degree credit.
AGEC 4010V. Internship in Agribusiness. 1-6 Hour.
A supervised practical work experience in an agribusiness firm or a governmental or industrial organization having direct impact on agriculture in order to gain professional competence and insight to employment opportunities. Prerequisite: junior standing. (Typically offered: Fall, Spring and Summer) May be repeated for up to 8 hours of degree credit.
AGEC 4020V. Special Topics. 1-3 Hour.
Studies of selected topics in agricultural economics not available in other courses. (Typically offered: Irregular) May be repeated for degree credit.
AGEC 40401. Agribusiness Capstone. 1 Hour.
The purpose of this course is to provide students with an opportunity to apply and integrate knowledge from previous coursework in general education and agribusiness. This course is designed for students to demonstrate mastery of a number of subjects within the agribusiness discipline. Students will provide evidence of integrated knowledge through a variety of means including oral presentations, creation of a 1250-word reflective essay, and applying problem solving and critical thinking skills. Prerequisite: Senior standing. (Typically offered: Fall and Spring)
AGEC 40903. Risk in Agricultural Production. 3 Hours.
From its initial inception in the 1938 farm bill to debates centered on farm bills, the Federal Crop Insurance Program has experienced myriad changes from introduction of new covered crops and premium subsidy rates to the introduction of new products and insurable rate structures. Underpinning the FCIP is economic theory, statistics, and changes to the political landscape of U.S. agricultural policy. This course trains students in applying theory, statistics, and institutional knowledge to managing risk in agricultural production. Lecture 3 hours per week. Prerequisite:
AGEC 11003
AGEC 23003
, (
MATH 22003
(or Higher Level Calculus)), and (
AGEC 24003
or
MATH 21003
or
BUSI 10303
). (Typically offered: Fall)
AGEC 41103. Agricultural Prices and Forecasting. 3 Hours.
Price theory and techniques for predicting price behavior of general economy and price behavior of individual agricultural products will be analyzed. Provides practice in the application of economics and statistics to agricultural price analysis. Prerequisite: ((
AGEC 11003
or
ECON 22003
) and (
AGEC 24003
or
MATH 21003
or
BUSI 10303
) and (
MATH 22003
or higher, excluding
MATH 21803
)). (Typically offered: Spring)
AGEC 41203. Legal Issues in Animal Agriculture. 3 Hours.
An issues-oriented course focusing on the legal issues involved in the production of poultry, swine and livestock. Emphasis will center on the laws, regulations and policy arguments involved in animal confinement, antibiotic use, humane slaughter and veterinary medicine, along with other related issues. The wide range of regulation from local to state to federal, depending on the issue will be studied and discussed. (Typically offered: Spring Odd Years)
This course is cross-listed with
ANSC 41203
POSC 41203
AGEC 41403. Agricultural Finance. 3 Hours.
Methods and procedures whereby agricultural firms acquire and utilize funds required for their successful operation. Emphasis is placed upon role of finance and financial planning and consideration is given to an understanding of financial firms serving agriculture. Prerequisite: (
AGEC 11003
or
ECON 22003
) and (
AGEC 21003
or
ECON 21003
) and (
AGEC 21403
or
ACCT 20103
). (Typically offered: Fall and Spring)
AGEC 41603. Agricultural and Rural Development. 3 Hours.
Examination of agricultural and rural development issues in less developed countries. Alternative agricultural production systems are compared, development theories examined, and consideration given to the planning and implementation of development programs. Prerequisite:
AGEC 11003
(or
ECON 22003
). (Typically offered: Spring)
AGEC 416H3. Honors Agricultural and Rural Development. 3 Hours.
Examination of agricultural and rural development issues in less developed countries. Alternative agricultural production systems are compared, development theories examined, and consideration given to the planning and implementation of development programs. Prerequisite:
AGEC 11003
(or
ECON 22003
) and honors standing. (Typically offered: Fall)
This course is equivalent to
AGEC 41603
AGEC 42403. Agribusiness Strategy. 3 Hours.
Addresses problems of strategy formulation in agribusiness emphasizing current problems and cases in agriculture. Surveys modern and classic perspectives on strategy with applications to agribusiness. Examines the development of firm level strategies within the structure and competitive environment of agricultural firms and industries. Prerequisite:
MATH 22003
and (
AGEC 11003
or
ECON 22003
or
ECON 21403
) and (
AGEC 34003
or
AGEC 21403
or
ACCT 20103
). (Typically offered: Irregular)
AGEC 43003. Agribusiness Marketing Management. 3 Hours.
Marketing concepts will be developed and applied to the global food and fiber system. The course will use both commodity and product marketing principles and economic theory to analyze varied marketing situations. Case studies will be used to demonstrate the role that demand analysis and consumer behavior play in market management. Prerequisite:
AGEC 23003
and
AGEC 33003
. (Typically offered: Spring)
AGEC 43103. Agricultural Business Management. 3 Hours.
The planning, organizing, leading and controlling functions of management as they relate to agricultural business firms. Marketing of value-added products, budgeting, organizational structure, cost control, financial statements, capital budgeting and employee supervision and motivation. Case studies are used to teach communication and decision-making skills. Senior standing recommended. Prerequisite: (
AGEC 21403
or
ACCT 20103
) and
AGEC 23003
. (Typically offered: Spring)
AGEC 43203. AgriBusiness Entrepreneurship. 3 Hours.
Agribusiness entrepreneurship is the process of bringing food or rural-based products and services from conceptualization to market. The course presents the opportunities, problems and constraints facing individuals and firms operating in rural or isolated markets while emphasizing the steps in conceptualization, development, marketing, and delivery-selling of agribusiness rural products. Prerequisite:
AGEC 11003
or equivalent. (Typically offered: Spring)
AGEC 43703. Basis Trading: Applied Price Risk Management. 3 Hours.
This course provides students an opportunity to gain a detailed working knowledge of how basis trading concepts and practices are applied to agricultural markets and to develop a skill set that can be put immediately into practice in any basis trading operation. Prerequisite:
AGEC 33703
or consent of instructor. (Typically offered: Spring and Summer)
AGEC 43803. Basis Trading: Case Study. 3 Hours.
This course provides an opportunity to apply principles learned in
AGEC 43703
to grain merchandising using the case study approach. The course will involve in-class meetings supplemented with faculty-directed group-based learning experiences involving professional grain merchandisers. Group activities will follow the traditional case study method. Prerequisite:
AGEC 43703
. (Typically offered: Fall)
AGEC 44003. Advanced Farm Business Management. 3 Hours.
Principles and procedures of decision making as applied to the allocation of resources in the farm business for profit maximization. Emphasis is placed on use of principles of economics and their application to the decision making process. Includes exercises on the application of principles to specific farm management problems. Senior standing recommended. Prerequisite:
AGEC 34003
and (
ASTM 29003
or equivalent) and (
AGEC 21403
or
ACCT 20103
). (Typically offered: Fall)
AGEC 440H3. Honors Advanced Farm Business Management. 3 Hours.
Principles and procedures of decision making as applied to the allocation of resources in the farm business for profit maximization. Emphasis is placed on use of principles of economics and their application to the decision making process. Includes exercises on the application of principles to specific farm management problems. Senior standing recommended. Prerequisite:
AGEC 34003
, (
ASTM 29003
or equivalent), (
AGEC 21403
or
ACCT 20103
) and honors standing. (Typically offered: Fall)
This course is equivalent to
AGEC 44003
AGEC 46003. Food Economics and Health. 3 Hours.
This course provides an advanced overview of selected topics in food economics, food and nutrition policy and the interface between nutrition programs and health policy. Students will develop an understanding of economic and policy concepts of food, nutrition, and health. The course emphasizes analytical tools that can be applied to study issues in food, nutrition, and health facing the US and world populations. Prerequisite: (
AGEC 11003
or
ECON 22003
) and (
AGEC 24003
or
BUSI 10303
or
MATH 21003
or
MATH 22003
or
MATH 30803
or
MATH 30103
). (Typically offered: Irregular)
AGEC 46103. Political Economy of Agriculture and Food. 3 Hours.
Agricultural and food policies are studied from domestic and international perspectives. Laws, regulations, decisions and actions by governments and other institutions are examined in terms of rationale, content, and consequences. Economic and political frameworks are used to assess policies in terms competitive structure, operation, and performance of farming and food systems. Prerequisite: (
AGEC 11003
or
ECON 22003
) and (
AGEC 21003
or
ECON 21003
) and (
PSYC 20003
or
SOCI 10103
or
HDFS 26003
). (Typically offered: Fall)
AGEC 46203. International Agricultural Trade and Commercial Policy. 3 Hours.
Analysis of agricultural market competition and performance in a global economy. The impact of domestic and international agricultural policies on domestic and international markets and welfare. Economic principles applied to the interaction of economic events in the world food economy. Prerequisite: (
AGEC 11003
or
ECON 22003
) and (
AGEC 21003
or
ECON 21003
). (Typically offered: Fall)
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