I. General Information
1. Course Title:
Directed Study - Intro to Farm Commodity Marketing
2. Course Prefix & Number:
FBMT 1173
3. Course Credits and Contact Hours:
Credits: 2
4. Course Description:
This course provides the student with the opportunity to use the various marketing methods and tools. The students will use various types of marketing contracts and cash markets. The student will recognize the roles of brokers and market advisors.
5. Placement Tests Required:
6. Prerequisite Courses:
FBMT 1173 - Directed Study - Intro to Farm Commodity Marketing
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMT 1173 - Directed Study - Intro to Farm Commodity Marketing
There are no corequisites for this course.
III. Course Purpose
Program-Applicable Courses – This course is required for the following program(s):
|
Name of Program(s)
|
Program Type
|
|
Agricultural Commodities Marketing
|
Certificate
|
IV. Learning Outcomes
1. College-Wide Outcomes
| College-Wide Outcomes/Competencies |
Students will be able to: |
| Assess alternative solutions to a problem |
To review various commodity marketing options |
| Analyze and follow a sequence of operations |
To sequentially access a marketing decision |
| Apply abstract ideas to concrete situations |
Brainstorm for ideal marketing scenarios and contrast with real life marketing situations |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Calculate a cost of production;
- Define price basis for commodity marketing;
- Describe contract specifications;
- Explain cash markets;
- Explain forward contracts; and
- Explain the basis and recognize its importance on futures markets.
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- Storage and production costs
- Charting and basics of marketing options
- Learn to chart various farm commodities
- Become familiar with futures, hedging, options, forward contracts, and cash markets
- Study historic basis levels and seasonal trends
- Marketing services
- Interview a commodity broker
- Gather information on link between crop insurance and marketing
I. General Information
1. Course Title:
Directed Study - Intro to Farm Commodity Marketing
2. Course Prefix & Number:
FBMT 1173
3. Course Credits and Contact Hours:
Credits: 2
4. Course Description:
This course provides the student with the opportunity to use the various marketing methods and tools. The students will use various types of marketing contracts and cash markets. The student will recognize the roles of brokers and market advisors.
5. Placement Tests Required:
6. Prerequisite Courses:
FBMT 1173 - Directed Study - Intro to Farm Commodity Marketing
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMT 1173 - Directed Study - Intro to Farm Commodity Marketing
There are no corequisites for this course.
II. Transfer and Articulation
III. Course Purpose
1. Program-Applicable Courses – This course is required for the following program(s):
|
Name of Program(s)
|
Program Type
|
|
Agricultural Commodities Marketing
|
Certificate
|
IV. Learning Outcomes
1. College-Wide Outcomes
| College-Wide Outcomes/Competencies |
Students will be able to: |
| Analyze and follow a sequence of operations |
To sequentially access a marketing decision |
| Apply abstract ideas to concrete situations |
Brainstorm for ideal marketing scenarios and contrast with real life marketing situations |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Calculate a cost of production;
- Define price basis for commodity marketing;
- Describe contract specifications;
- Explain cash markets;
- Explain forward contracts; and
- Explain the basis and recognize its importance on futures markets.
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- Storage and production costs
- Charting and basics of marketing options
- Learn to chart various farm commodities
- Become familiar with futures, hedging, options, forward contracts, and cash markets
- Study historic basis levels and seasonal trends
- Marketing services
- Interview a commodity broker
- Gather information on link between crop insurance and marketing