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The globalization of markets for food and agricultural products makes it essential to understand how international markets function and the implications for the business options and choices facing agribusiness firms. This course covers globalization, going global, the global food and agribusiness environment, markets that a company might enter, global agribusiness strategy, and global agribusiness operations. Institutions and public policies have a strong influence on international markets. We examine these institutions and policies, how they function, and how they affect decision-making by agribusiness firms.

Students who complete the course:

1. Understand the concept of globalization and the factors that are driving it
2. Understand the advantages and disadvantages of globalization, in general and for food and agriculture
3. Understand the factors that influence whether a company is ready to go global
4. Are able to articulate why international trade and investment occur
5. Understand the role of culture in doing business abroad, in general and in food and agriculture
6. Understand the role of public policies and institutions in affecting food and agricultural trade among countries
7. Are able to identify and analyze global strategies that agribusiness firms can use to go global
8. Understand the challenges introduced in supply chain management when conducted on a global scale by agribusiness firms
9. Are able to articulate strategies for dealing with exchange rate and other financial risks in global operations.