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Agricultural Finance [Mīkstie vāki]

(University of Florida, USA)
  • Formāts: Paperback / softback, 290 pages, height x width: 234x156 mm, weight: 476 g, 123 Tables, black and white; 29 Line drawings, black and white; 29 Illustrations, black and white
  • Sērija : Routledge Textbooks in Environmental and Agricultural Economics
  • Izdošanas datums: 24-Apr-2013
  • Izdevniecība: Routledge
  • ISBN-10: 0415599075
  • ISBN-13: 9780415599078
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  • Mīkstie vāki
  • Cena: 110,63 €
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Agricultural FinancePalielināt
  • Formāts: Paperback / softback, 290 pages, height x width: 234x156 mm, weight: 476 g, 123 Tables, black and white; 29 Line drawings, black and white; 29 Illustrations, black and white
  • Sērija : Routledge Textbooks in Environmental and Agricultural Economics
  • Izdošanas datums: 24-Apr-2013
  • Izdevniecība: Routledge
  • ISBN-10: 0415599075
  • ISBN-13: 9780415599078
Citas grāmatas par šo tēmu:
Permanent link: https://www.kriso.lv/db/9780415599078.html
Keywords:
This textbook integrates financial economics and management in the area of agricultural finance. The presentation of financial economics discusses how the credit needs of farmer/borrowers are met by depositors through commercial banks. The financial management content presents methods used to make farm financial decisions including farm accounting, capital budgeting, and the analysis of risk.

The textbook begins by developing the farm financial market focusing primarily on the market for debt. Next, the textbook presents an overview of accounting concepts important for the credit market. The accounting section provides a detailed discussion of the Farm Financial Standards Council’s suggestions for agricultural financial statements. Following the financial accounting, the book presents the use of ratio analysis applied to the farm firm. Next, the text describes capital budgeting followed by an introduction to risk analysis. Finally, the book presents the effect of debt decisions on the farm firm. In addition to the primary topics, the textbook includes a discussion of agricultural banking and monetary policy and an analysis of the choice of historical cost and market valued accounting methodologies on the farm debt decision.

List of figures
x
List of tables
xi
Preface xv
1 Introduction
1(6)
1.1
Chapter summary
4(1)
1.2 Review questions
5(2)
PART I Financial institutions
7(78)
2 Financial institutions and markets
9(49)
2.1 Theory: Interaction between lenders and borrowers
10(11)
2.2 Banks as institutions
21(30)
2.3 Agricultural lenders
51(4)
2.4
Chapter summary
55(1)
2.5 Review questions
55(1)
2.6 Numeric exercises
56(2)
3 Financial understanding of accounting concepts
58(27)
3.1 Understanding the balance sheet
61(5)
3.2 Measuring income
66(3)
3.3 Comparing cash and accrual accounting
69(1)
3.4 Statement of cash flows
70(3)
3.5 Statement of change in owner's equity
73(1)
3.6 Accounting issues for the farm firm
74(6)
3.7 Pro forma --- what could be
80(1)
3.8
Chapter summary
81(1)
3.9 Review questions
82(1)
3.10 Numeric exercises
82(3)
PART II Deterministic analysis
85(62)
4 Ratio analysis and the DuPont system
87(23)
4.1 Return on owner's equity
88(3)
4.2 The DuPont identity of return on equity
91(6)
4.3 Profitability ratios
97(1)
4.4 Asset management ratios
98(4)
4.5 Solvency
102(1)
4.6 Liquidity
103(1)
4.7 Farm growth
104(1)
4.8 Common sized financial statements
105(3)
4.9 Conclusion
108(1)
4.10
Chapter summary
109(1)
4.11 Review questions
109(1)
4.12 Numeric exercises
109(1)
5 Capital budgeting
110(37)
5.1 The mathematics of the time value of money
111(5)
5.2 Net present value - the basic mechanics
116(4)
5.3 Multiple projects
120(3)
5.4 Advanced topics in present value analysis
123(16)
5.5 Other methods of investment analysis
139(4)
5.6
Chapter summary
143(1)
5.7 Review questions
144(1)
5.8 Numeric exercises
144(3)
PART III Risk in investment
147(48)
6 Valuing investment under risk and uncertainty
149(22)
6.1 The expected utility hypothesis
150(5)
6.2 Diversification of risk---portfolio analysis
155(3)
6.3 Market valuation of risk
158(9)
6.4
Chapter summary
167(1)
6.5 Review questions
168(1)
6.6 Numeric exercises
169(2)
7 Debt choice
171(20)
7.1 Cost and benefits of debt
171(6)
7.2 Debt choice
177(6)
7.3 A numeric example - commercial Nebraska farms
183(4)
7.4
Chapter summary
187(1)
7.5 Review questions
187(3)
7.6 Numeric exercises
190(1)
8 Summary
191(4)
Appendix A Capital structure of agriculture
195(17)
A.1 Boundaries of the firm - Coase's theorem
197(2)
A.2 Institutional organization of the firm
199(8)
A.3 Debt choice
207(5)
Appendix B A mathematical model of the financial market
212(4)
Appendix C Agricultural credit and monetary policy
216(23)
C.1 History of money and banking in the United States
216(20)
C.2 Agricultural banks and monetary policy
236(3)
Appendix D Present value formulas and phobias
239(4)
Appendix E Cash versus market value balance sheets
243(28)
E.1 Predictive use of financial statements in making a loan
244(4)
E.2 Informational differences between historical and market values
248(10)
E.3 An uneasy synthesis
258(5)
Appendix F Specialized topics in present value analysis
263(1)
F.1 Present value - to include or exclude financing flows?
263(2)
F.2 Present value models and the price of farmland
265(2)
F.3 Stochastic net present value
267(4)
Glossary 271(6)
Notes 277(2)
References 279(4)
Author index 283(2)
Subject index 285
Charles B. Moss is Professor in the Department of Food and Resource Economics at the University of Florida.