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:

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:
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 break even prices and factor affecting break even.
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:

• Develop a marketing plan utilizing crop insurance as a risk management tool;
• Assemble discount tables from local cash buyers;
• Investigate fees and expenses for pricing contracts;
• Construct marketing plans based on seasonal price trends;
• Construct a marketing plan, using cash sales to reduce market risk;
• Design option strategies to create minimum prices;
• Explain technical indicators related to commodity charts;
• 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.   Develop a marketing plan utilizing crop insurance as a risk management tool

2.   Assemble discount tables from local cash buyers

3.   Investigate fees and expenses for pricing contracts           

4.   Construct marketing plans based on seasonal price trends          

5.   Construct a marketing plan, using cash sales to reduce market risk       

6.   Design option strategies to create minimum prices

7.   Explain technical indicators related to commodity charts

8.   Explain the purpose of price limits for futures prices

9.   Interpret tax laws relating to marketing plans