Grade Level: 9-12, Adult
Farm Business Management Credit complements the Farm Business Management I course by exploring banking and obtaining credit required by producers in production agriculture and agribusiness. The course explores how to choose a lender, farm credit system banks, GSE credit sources, and Farm Service Agency loans. The course also puts emphasis on credit decision making skills such as loan repayment estimations, using farm records to help obtain credit, calculating interest and loan payments, operating loans, consolidation loans, and when to expand your operation or reduce your debt. Upon completion of this course, the student will have gained valuable banking and credit skills that along with other Farm Business Management courses will prepare students for a career in production agriculture or agribusiness.
Sources of Credit
AB180 How to Choose a Lender
AB181 Banks, Merchants and Other Lenders
AB182 Farm Credit System Banks and Associations
AB183 Farmer Mac, Fannie Mae and Other GSE Credit Sources
AB184 Farm Service Agency Loans
Making Credit Decisions
AB185 How Lenders Set Your Credit Limits
AB186 How To Set Your Own Borrowing Limits
AB187 Can I Repay This Loan?
AB188 Using Your Records To Make Loan Decisions
AB189 Applying for a Loan
AB190 Understanding the Cost of Borrowing Money
AB191 Calculating Interest and Loan Payments
AB192 Leasing Vs. Borrowing To Buy Equipment
AB193 Mortgage Loans Vs. Land Contracts
AB194 Borrowing and Using Operating Credit
AB195 When To Consolidate Farm or Business Loans
AB196 Expand Your Business or Reduce Your Debt?