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