Course dates
Featuring:
- Learn how the world's biggest industry works
- Investigate the opportunities that will be created in feeding the world in the next twenty years
- Understand how crops and livestock integrate into the global value chain
- Research individual case studies into agricultural lending and investment
- Value agribusinesses
Who Should Attend:
- Agribusiness managers (in investment, finance, and risk management) and directors
- Bankers lending to the agribusiness sector
- Accountants and lawyers to agribusiness
- Government (very important)
- Contract farmers
- Private equity general partners and limited partners
Methodology
This course takes a practical approach to teaching by using case studies to emphasise the key learning points. You will have the opportunity to apply the skills acquired during the programme in practical sessions which will ensure you have a complete understanding of the topics before leaving the course.
Course Overview
This course takes you to the heart of an industry that feeds seven billion people and growing. Agribusiness comprises all the industries 'from farm to fork'. It covers the supply of agricultural inputs, the production and transformation of agricultural products and their distribution to final consumers. Agribusiness is one of the main generators of employment and income worldwide. Traditional production and distribution methods are giving way to more closely coordinated and better planned linkages between agribusiness firms, farmers, retailers and others in the supply chains.
Day 1
Introduction to global agriculture, food and agricultural commodities
Why does agriculture matter so much?
- Land and pricing
- Demography and food production
- Environmental aspects of agricultural production
Case Study - African agriculture and its contribution to GDP
The Green Revolution and its aftermath
- Food technologies
- Yield growth
- Varietal improvements
- Agricultural technologies
Case Study - The Institute for Rice Research in the Philippines – does cassava need an equivalent?
Agricultural Commodities and markets
- The food chain
- The international Food Trade
Case Study - Importing and exporting wheat
The State of Global Agriculture in 2012
- Production and consumption of major agricultural commodities
- Agriculture and Public Policy
- Food, Agriculture, and Natural Resource Policy
- Government agricultural support programmes (eg EU CAP, USDA)
- International programmes and organizations
Group discussion: agriculture and politics in Africa – the crucial interface
Day 2
Agriculture in Practice
Managing a Farm
- Subsistence farming and its survival algorithms
- The family farm
- Production functions and profitability
- Farm Business Organization
- Whole Farm Planning
- Farm lending and financing
Group exercises: evaluating lending proposals and financial models in agribusinesses made to lenders in Africa
Farm and Agribusiness Management in the Future
Case Study - Modelling farm economics and decisionmaking - examining farm models
Marketing and Selling Agricultural Commodities
- Marketing agricultural commodities
- Agricultural Marketing and Price Analysis
Case Study - agricultural marketing outreach
initiatives
Handling Agricultural Risk
- Contract farming – how it works
- Agricultural commodity volatility – history, underlying determinants and management (forwards, swaps, options and futures, exotics)
- Modelling risk – sensitivity analysis, scenarios and Monte Carlo
Case Study – The SAFEX exchange & commodity derivatives in Africa
Day 3
International Agribusiness
The Industry worldwide
- Size and scope
- Exporters and importers
Case Study: Tilda Rice
- Vertical and horizontal integration
- Major commodity companies
Case Study: Monsanto – industry giant
- Smaller commodity trading companies and brokers
Case Study - Jacksons, rice brokers
- Collaboration and M&A in global agribusiness
Case Study - Cargill’s global strategy
Investment appraisal and trading in agribusiness
- Project economics
- How to forecast agricultural cash flows
- Decision-making criteria (NPV, IRR, MIRR, etc)
- Accounting issues
- Environmental caveats
- Risk management issues
Case Study - Examples of discounted cash flow and real options models for agriculture/agribusiness
Course Conclusion: The future of agribusiness
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The Course Director has over 20 years of business experience including consultation, valuation, investment analysis and modelling to many agriculture companies and government agencies in Europe, Asia and Middle East.
His expertise lies in investment analysis and valuation especially in the agribusiness sectors. He has previously worked for the Ministry of Defence in London and the London Commodity Exchange as a Business Development Director. He was also the Head of Research for Hudson Venture Partners, responsible for the selection and evaluation of investment projects, business valuation and account management.
He is the Vice President for MHCi, specialising in corporate finance and economic input to firms delivering in corporate social responsibility issues, and has also worked for many years for UNCTAD as a consultant on agricultural and commodity risk management, including presenting at the annual Burgenstock Conference.
The Course Director is also an author of many best-selling books on trade and commodities. He has written hundreds of articles on commodities for different journals and magazines. He is currently working on his latest book on the Valuation and Modelling of Agribusinesses. The Course Director holds a First Class Honors degree from Hertford College, Oxford University and an M. Phil. in Politics from Exeter University.
Johannesburg Hotel, Johannesburg, South Africa
This programme takes place on a non-residential basis at a central Johannesburg hotel. Non-residential course fees include training facilities, documentation, lunches and refreshments for the duration of the programme. Delegates are responsible for arranging their own accommodation, however, a list of convenient hotels (many at specially negotiated rates) is available upon registration.
Interested in holding this course in-house? Please fill out your details and a member of our team will be in touch with more information.
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Course dates