agr3mct agricultural marketing and commodity trading
AGRICULTURAL MARKETING AND COMMODITY TRADING
AGR3MCT
2020
Credit points: 15
Subject outline
The purpose of this subject is to provide an introduction to marketing theory, marketing concepts and their evolution from a strategic and applied agribusiness perspective, covering both local and global contexts. You will develop introductory knowledge and skills in collecting and evaluating market data, distinguishing the characteristics of possible markets, assessing the viability of current operations to take advantage of marketing opportunities and identifying market factors and risks. Understanding of distribution processes, pricing, pricing trends and communication will be developed, including the differing roles of rural producers, marketers and their agents in managing their market risks. The subject also explores the operations of futures markets, use of forward contracts, the influence of foreign exchange rates, and importance of commercial contract law.
SchoolLife Sciences
Credit points15
Subject Co-ordinatorGary Clark
Available to Study Abroad/Exchange StudentsNo
Subject year levelYear Level 3 - UG
Available as ElectiveNo
Learning ActivitiesN/A
Capstone subjectNo
Subject particulars
Subject rules
Prerequisites Admission into SBATE or requires Subject Coordinator approval
Co-requisitesN/A
Incompatible subjectsN/A
Equivalent subjectsN/A
Quota Management StrategyN/A
Quota-conditions or rulesN/A
Special conditionsN/A
Minimum credit point requirementN/A
Assumed knowledgeN/A
Learning resources
An introduction to economics - concepts for students of agriculture and the rural sector
Resource TypeBook
Resource RequirementRecommended
AuthorHill, B
Year2006
Edition/Volume3RD EDN
PublisherCABI, OXFORDSHIRE, UK.
ISBNN/A
Chapter/article titleN/A
Chapter/issueN/A
URLN/A
Other descriptionN/A
Source locationN/A
N/A
Resource TypeWeb resource
Resource RequirementRecommended
AuthorN/A
YearN/A
Edition/VolumeN/A
PublisherN/A
ISBNN/A
Chapter/article titleN/A
Chapter/issueN/A
URLhttp://www.asx.com.au/products/asx-grain-futures-and-options.htm
Other descriptionN/A
Source locationN/A
N/A
Resource TypeWeb resource
Resource RequirementRecommended
AuthorN/A
YearN/A
Edition/VolumeN/A
PublisherN/A
ISBNN/A
Chapter/article titleN/A
Chapter/issueN/A
URLhttps://www.agriculture.gov.au/abares
Other descriptionN/A
Source locationN/A
N/A
Resource TypeWeb resource
Resource RequirementRecommended
AuthorN/A
YearN/A
Edition/VolumeN/A
PublisherN/A
ISBNN/A
Chapter/article titleN/A
Chapter/issueN/A
URLhttp://www.cropforecasters.com.au
Other descriptionN/A
Source locationN/A
N/A
Resource TypeWeb resource
Resource RequirementRecommended
AuthorN/A
YearN/A
Edition/VolumeN/A
PublisherN/A
ISBNN/A
Chapter/article titleN/A
Chapter/issueN/A
Other descriptionN/A
Source locationN/A
The farming game: agricultural management and marketing
Resource TypeBook
Resource RequirementRecommended
AuthorMalcolm, B, Makeham, J & Wright, V
Year2005
Edition/Volume2ND EDN
PublisherCAMBRIDGE UNIVERSITY PRESS, PORT MELBOURNE, VICTORIA.
ISBNN/A
Chapter/article titleN/A
Chapter/issueN/A
URLN/A
Other descriptionN/A
Source locationN/A
Marketing - core concepts and applications
Resource TypeBook
Resource RequirementPrescribed
AuthorPride, W, Elliott, G, Rundle-Theile, S, Waller, D, Paladino, A & Ferrell, O
Year2007
Edition/Volume2ND EDN
PublisherWILEY, BRISBANE.
ISBNN/A
Chapter/article titleN/A
Chapter/issueN/A
URLN/A
Other descriptionN/A
Source locationN/A
N/A
Resource TypeWeb resource
Resource RequirementRecommended
AuthorN/A
Year2012
Edition/VolumeN/A
PublisherN/A
ISBNN/A
Chapter/article titleN/A
Chapter/issueN/A
URLhttp://www.agri-outlook.org/
Other descriptionN/A
Source locationN/A
N/A
Resource TypeWeb resource
Resource RequirementRecommended
AuthorN/A
YearN/A
Edition/VolumeN/A
PublisherN/A
ISBNN/A
Chapter/article titleN/A
Chapter/issueN/A
URLhttp://www.cmegroup.com/trading/agricultural/
Other descriptionN/A
Source locationN/A
Career Ready
Career-focusedNo
Work-based learningNo
Self sourced or Uni sourcedN/A
Entire subject or partial subjectN/A
Total hours/days requiredN/A
Location of WBL activity (region)N/A
WBL addtional requirementsN/A
Graduate capabilities & intended learning outcomes
Graduate Capabilities
Intended Learning Outcomes
Subject options
Select to view your study options…
Epping (Melbourne Polytechnic), 2020, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorGary Clark
Class requirements
WorkShopWeek: 10 - 22
Two 2.00 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Category | Contribution | Hurdle | % | ILO* |
|---|---|---|---|---|---|
| Assignment (1,800-words) The assignment is based on an agricultural, viticultural, or horticultural marketing enterprise. | N/A | N/A | No | 40 | SILO1, SILO2, SILO3, SILO4, SILO5 |
| Essay (700-words) The essay is based on the evolution of marketing structures for a major agricultural commodity. | N/A | N/A | No | 15 | SILO1, SILO2, SILO3, SILO5 |
| Written Exam (2 hour) The written exam will take place during the end-of-semester final examination period. All subject content is examinable. | N/A | N/A | No | 45 | SILO1, SILO2, SILO3, SILO4, SILO5 |