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Understanding Business Structures, Markets, and Risk Management Strategies



Authors as Published

Sarah McKay, Graduate Student, Department of Agricultural and Applied Economics, Virginia Tech; Kristin Carr, Agriculture Teacher, Riverheads High School, Augusta County Public Schools; Marie Rothwell, Virginia Cooperative Extension Agent, 4-H Youth Development, Augusta County; Shannon Wiley, Graduate Student, Agricultural, Leadership, and Community Education, Virginia Tech; and Hannah Scherer, Assistant Professor and Extension Specialist, Agricultural, Leadership, and Community Education, Virginia Tech

This publication is available in a PDF file format only.

This publication is a teaching resource (series of lesson plans) developed by a participant in the Graduate Extension Scholars (GES) program.

Learners will understand the advantages and disadvantages of the various types of business structures, including how cooperatives are different and the benefits they provide to members. They will also practice decision-making skills and learn how real market prices change and impact agribusinesses. They will understand risk and practice price risk management strategies. Key questions youth will be able to answer include: Why would someone choose one business structure over another? How is the cooperative model different from others? How is risk in market prices spread differently depending on the structure and strategies you implement?

Virginia Cooperative Extension materials are available for public use, reprint, or citation without further permission, provided the use includes credit to the author and to Virginia Cooperative Extension, Virginia Tech, and Virginia State University.

Virginia Cooperative Extension is a partnership of Virginia Tech, Virginia State University, the U.S. Department of Agriculture, and local governments. Its programs and employment are open to all, regardless of age, color, disability, sex (including pregnancy), gender, gender identity, gender expression, national origin, political affiliation, race, religion, sexual orientation, genetic information, military status, or any other basis protected by law

Publication Date

April 3, 2019