What grade levels do these standards cover?

Grade 9, Grade 10, Grade 11, and Grade 12

Where can I read the official document?

AGRICULTURE, FOOD, AND NATURAL RESOURCES PROGRAM OF STUDY STANDARDS 2023–2024

a
Identify historical changes and current trends in ag businesses.AFNR.HS.3.1.a
b
Explain the importance and variety of current global agricultural markets.AFNR.HS.3.1.b
c
Summarize the role of the major sectors of ag businesses, which include supply and inputs, production, processing/manufacturing, transportation, and marketing.AFNR.HS.3.1.c

a
Differentiate business structures commonly found in agricultural businesses such as cooperatives, corporations, limited liability corporations, and sole proprietorship.AFNR.HS.3.2.a
b
Summarize the principles of business structures.AFNR.HS.3.2.b
c
Identify government policies within agricultural business structures.AFNR.HS.3.2.c

a
Identify the need for statements of purpose within agricultural businesses, such as mission statements, vision statements, and/or long and short-term goals.AFNR.HS.3.3.a
b
Classify multiple business objectives within a typical production cycle for an agricultural business.AFNR.HS.3.3.b
c
Identify aspects needed in creating statements of purpose for an agricultural businessAFNR.HS.3.3.c
d
Determine the appropriate utilization of available resources to meet a business’s statement of purpose.AFNR.HS.3.3.d

a
Define the purpose of record-keeping within an agricultural business and identify examples of tools and methods of record-keeping.AFNR.HS.3.4.a
b
Compare and contrast the benefits and limitations of record-keeping systems and practices.AFNR.HS.3.4.b
c
Identify the components of records in an agricultural business (e.g., assets, liabilities, debits, credits, and equity.)AFNR.HS.3.4.c
d
Explain input and output combinations within agricultural business records.AFNR.HS.3.4.d
e
Identify aspects of a budget for an agricultural business.AFNR.HS.3.4.e

a
Calculate balance sheets, income statements, net worth statements, return-on-investment ratios, and inventory statements.AFNR.HS.3.5.a
b
Define and analyze cash flow statements and cash flow budgets.AFNR.HS.3.5.b
c
Utilize financial information (e.g., financial ratios, net worth, profitability) to evaluate the performance of agricultural businesses.AFNR.HS.3.5.c
d
Summarize sources of risk and methods of managing risk in agricultural businesses.AFNR.HS.3.5.d
e
Explain common methods to acquire capital (e.g., lines of credit, loans, operating notes.)AFNR.HS.3.5.e

a
Analyze a marketing plan and key elements of marketing (e.g., product, place, price, and promotion).AFNR.HS.3.6.a
b
Classify traditional marketing strategies for agricultural commodities.AFNR.HS.3.6.b
c
Identify innovative, non-traditional marketing strategies for agricultural commodities.AFNR.HS.3.6.c

a
Describe the history of commodity markets and their structure in today’s society.AFNR.HS.3.7.a
b
Summarize trading in the futures markets utilizing speculation and hedging.AFNR.HS.3.7.b
c
Distinguish between cash markets for commodities and commodity marketing plans for producers (e.g., cash prices, basis, forward contracts, futures contracts).AFNR.HS.3.7.c
d
Identify patterns in ag commodity markets.AFNR.HS.3.7.d

a
Identify the components of a business plan for an agricultural business.AFNR.HS.3.8.a
b
Determine the characteristics of successful business plans.AFNR.HS.3.8.b
c
Formulate a business plan for an agricultural business utilizing the key concepts of business planningAFNR.HS.3.8.c

What grade levels do these standards cover?: Grade 9, Grade 10, Grade 11, and Grade 12
Where can I read the official document?: AGRICULTURE, FOOD, AND NATURAL RESOURCES PROGRAM OF STUDY STANDARDS 2023–2024

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