I. General Information

1. Course Title:
Directed Study - Monitoring Farm Commodity Marketing Plans

2. Course Prefix & Number:
FBMT 2172

3. Course Credits and Contact Hours:

Credits: 1

4. Course Description:

This course will provide activities directed toward monitoring and refining the student's farm commodity marketing plan.

5. Placement Tests Required:

6. Prerequisite Courses:

There are no prerequisites for this course.

9. Co-requisite Courses:

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	Keep accurate records for determine break even price.
Analyze and follow a sequence of operations	Differentiate sources of market quotes and gather market data.
Utilize appropriate technology	Utilize phone/internet/media sources to derive market information.

2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of the course:

Expected Outcome	MnTC Goal Area
Use a combination of marketing strategies to enhance farm profit.
Chart seasonal and local basis movements of interest to the student.
Determine monthly cash flow needs and incorporate into a marketing plan.

V. Topical Outline

Listed below are major areas of content typically covered in this course.

1. Lecture Sessions

I. Rewrite marketing plan A. Evaluate marketing tool usage B. Collect data necessary to calculate current production costs and carrying charges C. Determine monthly cash flow needs and incorporate into marketing plan

II. Evaluate current marketing situation A. Use commodity charts to identify fundamental and technical market signals B. Chart seasonal and local basis movements of interest to the student C. Refine crop insurance program participation to enhance farm cash flow

III. Monitor brokerage and advisor accounts

IV. Use a combination of marketing strategies to enhance farm profit