Credits - 3Lecture - 2Lab - 1 The study of the four basic assets needed to begin any farm or ranch business. Land, labor, capital, and management are evaluated to ascertain each component’s ability to produce maximum economic returns. Term(s) Offered: Spring Course Designation: C/T Elective - A maximum of 12 credits of college-level career and technical courses may be used as electives in the A.A.O.T. and the A.A.S. degrees.