This is an introductory course in marketing and economics that will cover operations involved in the movement of agricultural commodities from the farmer to the consumer. Topics will include the historical evolution of current marketing systems, principles and practices involved in commodity marketing, and government policy and regulation.
For each unit of credit, a minimum of three hours per week with one of the hours for class and two hours for studying/preparation outside of class is expected.
The agriculture program at SCCC provides opportunities to further each student’s knowledge of and skills in agricultural operations.
Outcome #1: Read with comprehension, be critical of what they read, and apply knowledge gained from their reading to broader issues of the day.
Outcome #5: Demonstrate the ability to think critically by gathering facts, generating insights, analyzing data, and evaluating information.
- Describe the basics of the futures market and explain how to perform the operation of making a hedge.
- Develop an understanding of how prices are determined in commodity markets.
- Develop risk management tools applicable to commodity markets.
- Identify relevant market information and weigh its impact on commodity markets.
- Describe and examine important policy/regulatory issues that affect the commodity markets both domestically and internationally.
- The history of current marketing systems.
- Principles and practices involved in commodity marketing
- The Futures Market
- The Options Market
- Risk Management (forward pricing, price-later, speculating, and other)
- Price determination in commodity markets
- Government policy and regulations
- Farm Bill
- Futures Trading Act of 1921
- Commodity Exchange Act
- Lecture
- Guest Lecture
- Instructional Videos
- Course Textbooks
- Investments: An Introduction 13th Edition by Herbert B. Mayo
- USDA Website
- Library of Congress Website: “Commodities: A Resource Guide”
- Mastering the Grain Markets: How Profits Are Really Made by Elaine Kub
- SCCC Outcome #1 will be measured and assessed by participation in course discussions and following reading assignments.
- SCCC Outcome#5 will be measured and assessed by the marketing plan project.
SCCC Policy
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Seward County Community College (SCCC) is committed to ensuring digital and physical accessibility for all students, in compliance with the Americans with Disabilities Act (ADA) and Section 504 of the Rehabilitation Act. In alignment with the U.S. Department of Justice Title II accessibility compliance deadlines, SCCC continues to enhance the accessibility of its instructional materials, technology, and online content.
SCCC utilizes tools to evaluate and improve the accessibility of digital course content and help the College reach its compliance goals.
If you need support or academic accommodations due to a documented disability, please contact the Mental Health Counselor at 620-417-1106 or visit the Student Success Center in the Hobble Academic Building, Room A149.
To promote equal access, SCCC strives to provide captions and transcripts for all course videos and multimedia materials. If you encounter any issues with captions, transcripts, or other accessibility features in this course, please notify your instructor immediately so the issue can be addressed and corrected as quickly as possible.
SCCC remains committed to creating a learning environment that ensures all students can fully participate in academic programs and college activities.