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Farm Products Purchasing Agent

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AVG. SALARY

$64,970

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Decreasing

Real-Life Activities

Real-Life Decision Making -- Solution

You buy the animals for yourself and sell them later at a higher price.

"You would lie to them and tell them you couldn't buy [cattle] at $1.50," says Canart. "You would then sell the cattle you bought at $1.25 at $1.30, $1.35."

This option would net you a tidy profit that is higher than the commission you would earn from the client who placed the order, he says. And there was no guarantee that the client would take the animals you bought anyway.

So this option could benefit you financially, at least in the short run. But there is a chance that you could lose this client if you buy the animals for yourself. The client may find out, and there is a good chance he won't like your double-dealings. And this may hurt your business in the long run.


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.