Ralph W Battles, Robert C Thompson

Fundamentals of Agribusiness Finance

A Comprehensive Review

• Broschiertes Buch

Produktbeschreibung

For students and practitioners alike, Fundamentals of Agribusiness Finance is a concise text and handy guide, complete with a glossary. The authors present clear, direct explanations of basic concepts and procedures that the successful agribusiness operator must know. Starting with an overview of domestic and international trends, the text moves through the basics of loans such as mortgages and deeds of trust, the time value of money, interest, discounting, calculations and amortization, refinancing, cash budgeting, and graphing loans. Capital budgeting, leases, taxes, financial statements, and statement analysis are included. Formulas are provided for figuring liquidity, solvency, profitability, and repayment capacity. Risk is characteristic of agribusiness, but the risk management outlined here provides some security in an unpredictable environment. The lending industry is the focus of the final chapters. While useful as a guide, the text was designed for teaching. Outlines begin each chapter, and study questions and problems end each chapter. Key terms appear in bold type and are defined in the glossary.

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Produktdetails

• Verlag: Wiley
• Seitenzahl: 196
• Erscheinungstermin: 24. Januar 2001
• Englisch
• Abmessung: 254mm x 178mm x 11mm
• Gewicht: 380g
• ISBN-13: 9780813820699
• ISBN-10: 0813820693
• Artikelnr.: 21662862

Autorenporträt

Ralph W. Battles and Robert C. Thompson, Jr., hold teaching positions at California Polytechnic State University, San Luis Obispo. Dr. Thompson has international experience in agricultural finance instruction and Ralph Battles was recently named Finance Faculty of the Year.

Inhaltsangabe

Preface. 1. Introduction to Agribusiness Finance
Agribusiness Finance
Agribusiness Producers
Flow of Funds in the Economy
Importance of Finance to Agribusiness
Domestic Trends in Agribusiness Finance
International Trends
Questions and Problems. 2. Agribusiness Loans: Legal Issues, Terms, and Interest Rates
Promissory Note
Parties to Loan Transactions
Security Agreement
Mortgages Versus Deeds of Trust
Other Loan Terminology
Life Cycle of a Loan
Default and Foreclosure
Determinants of Interest Rates
Questions and Problems. 3. Time Value of Money, Loan Calculations, and Analysis
The Time Value of Money
Compound Interest
Intraperiod Compounding
The Process of Discounting
Annuities
Present Value of an Annuity
Basic Loan Calculations
Building an Amortization Schedule
Loan Balance
Determining the Annual Percentage Rate
Refinance Analysis
Cash Budgeting
Graphing Loans
Questions and Problems. 4. Capital Budgeting and Leasing
The Cost of Capital
Capital Budgeting Techniques
Income Taxes and Capital Budgeting
Other Considerations Regarding Capital Budgeting
Leases and Leasing
Questions and Problems
. 5. Financial Statements
Generally Accepted Accounting Principles and the Farm Financial Standards Council
The Income Statement
The Statement of Owner's Equity
The Balance Sheet
The Accrual-Adjusted Income Statement
The Statement of Cash Flows
Questions and Problems. 6. Financial Statement Analysis
Liquidity Ratios
Solvency Ratios
Profitability Ratios
Repayment Capacity Ratios
Financial Efficiency Ratios
Loan-to-Value Ratio
Common-Size Statements and Horizontal Analysis
Questions and Problems. 7. Risk in Agribusiness
Financial and Business Risk
Attitudes Toward Risk
Sources of Business Risk in Agriculture
Risk Management in Agriculture
Questions and Problems. 8. The Agricultural Lending Industry: Commercial Banks and the Farm Credit System
Commercial Banks
The Farm Credit System
Questions and Problems. 9. Other Agribusiness Lenders
Vendor/Trade Credit
Life Insurance Financing
Farm Service Agency
Federal Agricultural Mortgage Corporation (Farmer Mac) and the Secondary Market
Private Financing
Beyond the Year Two Thousand
Questions and Problems. Appendix. Glossary. Index