I. General Information

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

2. Course Prefix & Number:
FBMT 2173

3. Course Credits and Contact Hours:

Credits: 2

4. Course Description:

This course is designed to justify 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:

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:

• 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

1. Marketing plan
• Evaluate marketing tool usage
• Collect data necessary to calculate current production costs and carrying charges
• Determine monthly cash flow needs and incorporate into marketing plan
2. Marketing situation
• Use commodity charts to identify fundamental and technical market signals
• Chart seasonal and local basis movements of interest to the student
• Refine crop insurance program participation to enhance farm cash flow
3. Brokerage and advisor accounts
4. Marketing strategies to enhance farm profit