3 credits
Fall 2025 Lecture Upper Division
An in-depth background on the origin, operation, and application of futures and options in risk management for agriculture. Covers grain, livestock, and yield futures and options. Applications of futures and options to price and yield risk management is provided. Comparison of expected results from various risk management alternatives and decision-making processes to use in selecting a risk management strategy.
Learning Outcomes1Demonstrate proficiency in their chosen discipline that incorporates knowledge, skills, technology, and professional conduct.
2Demonstrate use of the scientific method to identify problems, formulate and test hypotheses, conduct experiments and analyze data, and derive conclusions.
3Demonstrate critical thinking by using data and reasoning to develop sound responses to complex problems.
4Demonstrate the ability to write and speak with effectiveness while considering audience and purpose.
5Demonstrate ability to apply social, economic, political, and environmental principles to living in a global community.
Prerequisites
made by Purdue students.