I. General Information
1. Course Title:
Monitoring Farm Commodity Marketing Plans
2. Course Prefix & Number:
FBMT 2170
3. Course Credits and Contact Hours:
Credits: 3
4. Course Description:
This course is designed to revise current farm commodity marketing plans. Emphasis will be placed on current market conditions and pricing opportunities. The student will prioritize and evaluate marketing opportunities and risk.
5. Placement Tests Required:
6. Prerequisite Courses:
FBMT 2170 - Monitoring Farm Commodity Marketing Plans
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMT 2170 - Monitoring Farm Commodity Marketing Plans
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: |
Demonstrate written communication skills |
Write out a break even table using recent analysis. |
Analyze and follow a sequence of operations |
Utilize the recent FIN(S) to review breakeven prices for them and factor affecting breakeven. |
Utilize appropriate technology |
Use computer/telephone to ascertain market data. |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Describe the importance of insurance in marketing;
- Sketch world production areas for crop production;
- Calculate returns to option fencing;
- Calculate synthetic prices;
- Demonstrate margin call calculations;
- Distinguish between speculators and hedgers;
- Explain technical indicators;
- Explain the purpose of price limits for futures prices; and
- Interpret tax laws relating to marketing plans.
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- Marketing plans based on current market situations
- Review selected form(s) of sale
- Review services
- Review charting and seasonal trend assumptions
- Current production cost and carrying charge calculations
- Productions costs
- Carrying charges
- Reconsider ability to absorb risk
- New alternatives
- Review commodity charts to identify fundamental and technical market signals
- Monitor local basis movements
- Examine relationship with broker
- Crop insurance alternatives
- Marketing strategies to enhance farm profit and cash flow
I. General Information
1. Course Title:
Monitoring Farm Commodity Marketing Plans
2. Course Prefix & Number:
FBMT 2170
3. Course Credits and Contact Hours:
Credits: 3
4. Course Description:
This course is designed to revise current farm commodity marketing plans. Emphasis will be placed on current market conditions and pricing opportunities. The student will prioritize and evaluate marketing opportunities and risk.
5. Placement Tests Required:
6. Prerequisite Courses:
FBMT 2170 - Monitoring Farm Commodity Marketing Plans
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMT 2170 - Monitoring Farm Commodity Marketing Plans
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: |
Demonstrate written communication skills |
Write out a break even table using recent analysis. |
Analyze and follow a sequence of operations |
Utilize the recent FIN(S) to review breakeven prices for them and factor affecting breakeven. |
Utilize appropriate technology |
Use computer/telephone to ascertain market data. |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Describe the importance of insurance in marketing;
- Sketch world production areas for crop production;
- Calculate returns to option fencing;
- Calculate synthetic prices;
- Demonstrate margin call calculations;
- Distinguish between speculators and hedgers;
- Explain technical indicators;
- Explain the purpose of price limits for futures prices; and
- Interpret tax laws relating to marketing plans.
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- Marketing plans based on current market situations
- Review selected form(s) of sale
- Review services
- Review charting and seasonal trend assumptions
- Current production cost and carrying charge calculations
- Productions costs
- Carrying charges
- Reconsider ability to absorb risk
- New alternatives
- Review commodity charts to identify fundamental and technical market signals
- Monitor local basis movements
- Examine relationship with broker
- Crop insurance alternatives
- Marketing strategies to enhance farm profit and cash flow