This book develops and applies concepts, analytical methods, and descriptive information about agriculture finance.

Financial Management in Agriculture includes six sections, which include the following:

• Section One- introduces the nature and scope of financial management and the major goals that motivate managerial performance
• Section Two- addresses financial statements, financial analysis and control, and financial planning
• Section Three- develops the concepts of financial leverage, risk, liquidity, lender-borrower relationships and analyzes their effects on business performance, and strategies for managing business and financial risks are considered
• Section Four- stresses the concepts and tools of asset valuation and long-term financial decision making
• Section Five- contains four chapters that describe and evaluate financial intermediaries serving agriculture and the related management and policy issues
• Section Six- considers legal aspects of finance, legal forms of business organization, the management of equity capital in agriculture, and the financing implications of the market structure of agriculture

Contents

1. Introduction
   1. Nature and Scope of Financial Management
   2. Managerial Goals

2. Financial Analysis, Planning, and Control
   3. Financial Statements and Information Flows
   4. Financial Analysis and Control
   5. Financial Planning and Feasibility Analysis

3. Capital Structure, Liquidity, and Risk Management
   6. Capital Structure, Leverage, and Financial Risk
   7. Liquidity, Lender-Borrower Relationships, and Credit Evaluation
   8. Risk Management

4. Capital Budgeting and Long-Term Decision Making
   9. Time Value of Money
   10. Capital Budgeting Methods
   11. Capital Budgeting: Inflation, Risk, and Financial Planning
   12. Controlling Farm Land
   13. Leasing Non-Real Estate Assets
   14. Costs of Financial Capital

5. Financial Markets for Agriculture
   15. Financial Intermediation in Agriculture
   16. Management Environment for Financial Intermediaries
   17. Financial Intermediaries in Agriculture
   18. Policy Issues affecting Financial Markets for Agriculture

6. Other Topics
   19. Legal Aspects of Agricultural Finance
   20. Business Organization in Agriculture
   21. Outside Equity Capital in Agriculture
   22. Market Structure of Agriculture: Contracts, Integration, and Financing

Appendix
Glossary
Index

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