Course Descriptions & Syllabi

Course Descriptions & Syllabi

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Note: some or all of the courses in the subjects marked as "Transfer" can be used towards a transfer degree: Associate of Science and Arts or Associate of Engineering Science at DACC. Transferability for specific institutions and majors varies. Consult a counselor for this information.

Areas of Study | | AGRI206 syllabus




COURSE NUMBER: AGRI206
COURSE TITLE:Grain Marketing
DIVISION:Technology
IAI CODE(S):
SEMESTER CREDIT HOURS:3
CONTACT HOURS:45
STUDENT ENGAGEMENT HOURS:135
DELIVERY MODE:In-Person

COURSE DESCRIPTION:
A study of grain marketing in the Midwest, using modern technology for data collection and real time market information, using cash, futures, hedging, price later, delayed price, basis and options contracts.

PREREQUISITES:

NOTES:

STUDENT LEARNING OUTCOMES:
Upon completion of this course, students will be able to:
  • Develop an understanding of functions, nature and scope of grain marketing
  • Develop an understanding of the factors affecting prices of farm products
  • Develop an understanding of the role of government agencies in grain marketing
  • Develop a working knowledge of the futures market, its purpose and function, and its terminology

TOPICAL OUTLINE:
****Subject to change ****
  1. Introduction to Ag Marketing
    • Commodity types and markets
    • World Ag markets
    • Marketing types
    • Regulation and agencies
  2. Futures Markets
    • Use of futures markets
    • Types of hedging
    • How to calculate a hedge
  3. Commodity Challenge
    • We will be participating in an online marketing simulation over the course of the semester. You will get a participation grade and a grade for completing a final report
  4. Brokerage Account
    • How to choose a broker and open an account
    • Trading language
    • Performance bonds
  5. Supply and Demand
    • Commodity price projections
    • Determination of market price
    • Affects for crop and livestock prices
  6. Analytical Tools
    • Technical analysis and charting
    • Project price trends
  7. Options Terms
    • Intro to options and terminology
    • Use of options to benefit producers
    • Puts and calls
  8. Options Strategies
    • Hedging with options vs futures
    • Put options
    • Call options

TEXTBOOK / SPECIAL MATERIALS:
Grain Marketing is Simple,Edward Usset, Center for Farm Financial Management, University of Minnesota, current edition.

See bookstore website for current book(s) at https://www.dacc.edu/bookstore

EVALUATION:
  • Class Assignments
  • Class discussion and participation
  • Hour exams
  • Semester exam
Grade Scale:
A- 90% or above
B- 80-90%
C- 70-80%
D- 60-70%
F- Below 60%

BIBLIOGRAPHY:

STUDENT CONDUCT CODE:
Membership in the DACC community brings both rights and responsibility. As a student at DACC, you are expected to exhibit conduct compatible with the educational mission of the College. Academic dishonesty, including but not limited to, cheating and plagiarism, is not tolerated. A DACC student is also required to abide by the acceptable use policies of copyright and peer-to-peer file sharing. It is the student’s responsibility to become familiar with and adhere to the Student Code of Conduct as contained in the DACC Student Handbook. The Student Handbook is available in the Information Office in Vermilion Hall and online at: https://www.dacc.edu/student-handbook

DISABILITY SERVICES:
Any student who feels s/he may need an accommodation based on the impact of a disability should contact the Testing & Academic Services Center at 217-443-8708 (TTY 217-443-8701) or stop by Cannon Hall Room 103. Please speak with your instructor privately to discuss your specific accommodation needs in this course.

REVISION:
Spring 2019

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