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 analyze various types of marketing contracts and cash markets. The student will recognize the roles of brokers and market advisors.

5. Placement Tests Required:

Accuplacer (specify test):

No placement tests required

Score:

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 fulfills a requirement for the following program(s):

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;
• Define and explain cash markets;
• Define and explain forward contracts; and
• Explain basis and recognize the importance on futures markets.

V. Topical Outline

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

1. Lecture Sessions

1. Calculate a cost of production
2. Define price basis for commodity marketing
3. Describe contract specifications
4. Define and explain cash markets
5. Define and explain forward contracts
6. Explain basis and recognize the importance on futures markets