For students and practitioners alike, Fundamentals of Agribusiness Finance is a concise, handy guide, complete with a glossary of terms and an index. The text presents 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 complete each chapter. Key terms are highlighted in the text and defined in the glossary.
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