ABM 131 Commodity Marketing I
(15 lecture/22.5 private/competency based 125 min-coop, 9 credits)
Prerequisite: Cost of production records for one enterprise or instructor consent
Explores the terminology associated with commodity marketing and management of the risks associated with agricultural production and marketing. Discussion will include cash marketing alternatives as well as the basics of utilizing futures and options contracts. Includes the initial steps towards the development of a marketing plan. Continued maintenance of an established record keeping system is a must to provide cost of production data for enterprises. Cost of production figures for all enterprises will be determined. These enterprise calculations will result in the initial establishment of a cost of production trend for all enterprises.
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