Sunday, January 26, 2014

The Ins And Outs Of Agricultural Finance

By Hedrick Lepsch


Why is there just regular finance and then a more specific area of finance called agricultural finance? Is it really that much different? Many people who choose to get a finance degree in Flagstaff may be able to contribute to their farming communities if they understand the major differences between agricultural finance and regular business finance.

Helen Fairchild was born on November 21st, 1885. She was born in Pennsylvania and came from humble roots on a farm there. She worked there growing up and eventually in 1913, at the age of 28, graduated from the Pennsylvania Hospital and begun work as a nurse. She was only a nurse for five hears but during those five years she was able to make history.

Helen served in the First World War and was a nurse during that time. What made her famous during this time was her letters that she sent home while she was in Europe.

She spent most of her time in Belgium. She was on duty at a base hospital during this time and sent letters that depicted the conditions of the hospitals, the conditions for the nurses and doctors, and provided an insight of the life of a nurse during the First World War.

Accounting is very important for farmers and those who don't take it seriously fail in regards to Agricultural finance. The regular cash flow statement, balance sheet, and income statement are necessities. It is important to evaluate annual performance all around on the farm but it is also important to check the depreciation rates on machinery in order to decide when it is optimal to get new machinery.

Once you know how many jobs there are, you will want to look at what each of the jobs are. Make sure that the jobs sound appealing to you and that you are excited about working in this field. Working any job will present you with a variety of ups and downs throughout your career, but it is important that you are excited about the job that you are doing. You want to get fulfillment from the job that you are working for the rest of your life.

With all of the documentation required for loans and borrowing, it is important to have an understanding of all of the legal conditions. Lenders want to be paid and borrowers want to feel the same security knowing that rates aren't going to change on them and that they will have adequate time to pay the loans off. Not only are there loans but there is also leasing which can be with land or equipment. This throws a few kinks in the system because there are completely different dynamics.

Helen Fairchild is an absolutely great example for everyone especially people in the nursing field. Her care and assertiveness to volunteer made her in history forever.

These nurses such as Helen Fairchild did great things and helped hundreds of people. Many people have considered getting a nursing degree. You too can make history through nursing and can help change lives.




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