Resources > Financial Decision Making Course
Financial Decision Making Course from the Agricultural Management e-School
Overview
This course teaches you how to develop accurate and useful financial statements for your business. Learn how to understand principles of leverage, cash management, and asset investment.
Today a typical farming operation spends and takes in several hundred thousand dollars per year, and receipts of over a million dollars are not uncommon. The irregular nature of farm income and expenditures, and the use of very capital intensive production technologies have made having enough financing at the right time critical to the success of a farm business.
The use of capital and credit presents the modern farmer with a number of decisions to make:
- How much to invest?
- Where to obtain capital?
- What mix of equity and debt to use?
- What credit rates and terms to negotiate?
- How much financial risk to take?
Making good financial decisions is often the difference between a prosperous, growing farm business and one that is constantly wondering how to pay the next bill. The modules in this course will address the decisions mentioned above, and more. Although the modules are arranged in a logical sequence, you can complete them in any order that you wish.
Over 1,000, USDA Farm Service Agency borrowers have met their educational requirements through the Agricultural Management e-School's Financial Decision Making course.
FDM has transitioned to a different Learning Management System. If you are a registered student who misplaced instructions sent to you via US Mail or email, send an email or call (515) 957-5790. We'll send another set of instructions on how to access course materials.
Updated July 1, 2022
