Jul 20, 2024  
2005-2006 Undergraduate Catalog 
    
2005-2006 Undergraduate Catalog [ARCHIVED CATALOG]

Resource and Agribusiness Management


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A degree in Resource and Agribusiness Management positions you for a career in tomorrow’s rapidly changing global economy. This degree cultivates the business skills necessary to succeed in sales, marketing or management careers while developing applied tools to operate in small-business, finance, food, forestry or other natural resource-based industries. Students may focus on areas that include resource-based marketing, banking, retail sales, municipal or state government, hotel/restaurant management or other applied business areas.

In addition to the standard degree, three specialized concentrations are available. The Equine Business Management concentration leads to a Resource and Agribusiness Management degree with specialized training to excel in the equine industry. The second concentration, Agribusiness Administration, leads to the completion of both BS and MBA degrees in five years and the International concentration prepares students to enter a growing sector of the U.S. and world economy.

Other opportunities include cooperative field experience, summer internships and study abroad. Some students participate in a unique opportunity to learn about cooperatives, small business credit systems and worldwide financial markets while gaining college credit. Students spend one week working hands-on in a Maine-based cooperative business, they visit the regional Farm Credit Bank in Springfield, Massachusetts to learn about bank administration and they visit Wall Street banking firms and financial institutions for four days to learn about national financial markets. Some students are also employed in departmental research projects.

Other programs offered by the Department of Resource Economics and Policy include an Environmental Management and Policy degree with six concentrations: Adventure Recreation Business Management, Adventure Recreation Management, Environment Leadership and Communication, Environmental Pre-Law, Policy Development and Analysis, and Quantitative Analysis. The department’s faculty also cooperate in the Ecology and Environmental Sciences degree.

Out-of-state students residing in Connecticut, Massachusetts, Rhode Island and Vermont enrolled in the Resource and Agribusiness Management degree pay reduced tuition (in-state plus 50%) rather than full out-of-state tuition rates under the New England Regional Student Program.

Suggested Sequence of Courses B.S. in Resource and Agribusiness Management


First Year - First Semester


First Year - Second Semester


Second Year - Second Semester


Third Year - First Semester


  • Credits: 3
  • Basic Science Elective
  • Credits / Units: 4

  • Humanities or Social Sciences Elective
  • Credits / Units: 3

  • Professional Electives
  • Credits / Units: 6

Third Year - Second Semester


Fourth Year - First Semester


Fourth Year - Second Semester


Resource and Agribusiness Management (Agribusiness Administration)


The Agribusiness Administration concentration under the Resource and Agribusiness Management degree is a 5-year program providing a unique opportunity to earn both a Bachelors of Science degree in Resource and Agribusiness Management and a Master’s of Business Administration (MBA). The program is offered jointly by the Department of Resource Economics and Policy and the College of Business, Public Policy and Health. The program is academically challenging and recommended only for the most capable students. The Agribusiness Administration majors complete the same basic requirements as Resource and Agribusiness Management majors but take five additional business courses in place of electives (as shown below). Continuance in the concentration requires a minimum cumulative GPA of 2.5.

Students who successfully complete the 4-year undergraduate portion of the program will receive the BS in Resource and Agribusiness Management, and will be eligible to apply for Graduate School in the MBA Program. Completion of the undergraduate concentration does not guarantee admission to the MBA program. Admission requirements for the MBA include a good undergraduate grade point average, plus a minimum score of 475 on the Graduate Management Admission Test (GMAT). The following formula can be used as a guide to determine eligibility:

(Undergraduate GPA) x 200 + GMAT score = 1075 or more.

Out-of-state students residing in Connecticut, Massachusetts, Rhode Island and Vermont enrolled in the Resource and Agribusiness Management degree pay reduced tuition (in-state plus 50%) rather than full out-of-state tuition rates under the New England Regional Student Program.

Suggested curriculum for the B.S. in Resource and Agribusiness Management


Agribusiness Administration.

First Year - First Semester


First Year - Second Semester


Second Year - First Semester


Third Year - First Semester


Third Year - Second Semester


Fourth Year - First Semester


Fourth Year - Second Semester


Resource and Agribusiness Management (Equine Business Management)


The Equine Business Management concentration is designed for students who are interested in management careers in the equine industry. This curriculum provides a solid business management background that prepares students for a management career in any industry, but provides significant training that is geared to the equine industry. All students in this concentration participate in at least one internship relevant to their career goals.

The University’s 30 box stall Cooperative Horse Barn enables students to board their horses at low cost. We have a full-sized outdoor riding arena and miles of riding trails through open fields and woods of Maine. A full-sized indoor arena with additional box stalls is planned for the near future. The University also owns and trains two racehorses. Equine-related activities for students include an equestrian team, a dressage team, a drill team, the Maine Animal Club and others.

Students may participate in an international exchange program, and Study Abroad for a semester or a year. Resource Economics and Policy students have recently studied in Ireland and Australia. Many opportunities exist for students to participate in internships or cooperative experience with business and government organizations.

Suggested curriculum for the B.S. in Resource and Agribusiness Management


Equine Business Management.

First Year - First Semester


First Year - Second Semester


Second Year - First Semester


Second Year - Second Semester


Third Year - First Semester


Third Year - Second Semester


Fourth Year - First Semester


Fourth Year - Second Semester


Resource and Agribusiness Management (International Concentration)


This concentration prepares students to enter a growing sector of the U.S. and world economy. Students in this concentration develop significant skills in business, economics, and policy as well as foreign language skills and exposure to different cultures.

Possible careers for students in this concentration include jobs in international business or international regulatory agencies, including multinational food and natural resource companies. An initiative is underway currently to develop cooperative programs between the University of Maine, Novia Scotia Agricultural College, Laval University, University of New Brunswick-Fredericton and other Canadian colleges. These programs will include student exchanges, and internship opportunities.

Suggested curriculum for the B.S. in Resourse and Agribusiness Management


International Concentration.

First Year - First Semester


Second Year - First Semester


Second Year - Second Semester


Third Year - First Semester


Third Year - Second Semester


Fourth Year - First Semester


Fourth Year - Second Semester


  • Credits: 3
  • Language or International Elective.
  • Credits / Units: 3

  • Humanities and Social Sciences Electives.
  • Credits / Units: 3

  • Free Electives.
  • Credits / Units: 9

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