- (CLF400)
Core Area:
(CLF420)
AGRICULTURE CORE CURRICULUM
- -
AGRICULTURAL BUSINESS MANAGEMENT
Unit Title:
AGRICULTURAL CREDIT
UNIT DIRECTORY:
____________________________________________________________________________
Code
Topic Title
Hours
Year(s)
____________________________________________________________________________
(CLF421)
Credit
2.5
2
(CLF422)
Lending Institutions Public
2
2
(CLF423)
Lending Institutions Private
1.5
2
(CLF424)
Choosing a Lender
2
2
(CLF425)
Interest
1.5
2
(CLF426)
Credit Glossary
0
2
TOTAL TIME FOR UNIT = 9.5
____________________________________________________________________________
UNIT GOAL:
Students shall understand the role of fertilizers in
agricultural production.
UNIT OBJECTIVES:
Upon completion of this unit, the students will be able
to:
1.
Define the term capital and give examples.
2.
Discuss the basic role of financial credit in agriculture.
3.
Describe the three types of loans used for obtaining capital.
4.
Identify sources of credit in the community for short-intermediate
and-long-term loans.
5.
Name the four "public" sources of credit available to agriculturalists.
6.
Explain briefly the types of loans (credit) available from each of the
public sources of credit.
7.
Where applicable, identify disadvantages of borrowing from these sources
of credit
8.
Name the four "private" sources of credit available to agriculturalists.
9.
Explain briefly the types of loans (credit) available from each of the
private sources of credit.
420.1
10. Where applicable, identify disadvantages of borrowing from these sources
of credit.
11. List the five major considerations to take into account when seeking a
lender.
12. Describe the rational behind each of the above five considerations.
13. Complete a loan application.
14. Explain the relationships among loan principle, prime rate, local
interest rate and length of loan.
15. To determine specific interest payments.
____________________________________________________________________________
REFERENCES
Doane-Western Inc. (1982).
Doane-Western Inc.
DOANE'S FARM MANAGEMENT GUIDE, 15 ed.
Jobes, R. & Steward, J. (1985). FARM AND RANCH BUSINESS MANAGEMENT.
Moline, ILL: Deere and Company. ISBN 0-86691-088-3 (Also includes
teacher and student guides, and software.)
____________________________________________________________________________
RESOURCES:
Allen, W. A. Computerized Farm Records. Livermore, CA:
Publishing Company. ISBN 0-538-02750-9
Ag Credit of California
www.agcredit.com
American Farm Mortgage Company
Associated Farm Mortgage
www.afmc-loans.com
www.afarmmortgage.com
Center for Farm Financial Management
Farm Credit Association
Farm Credit Services
www.fca.gov
www.farmcreditplus.com
Pacific Coast Farm Credit
Valley Farm Credit
www.cffm.umn.edu
www.agloan.com
www.valleyfarmcredit.com
420.2
South-Western