Upon completion of this course, students will be able to:
1. Understand the role of financial institutions and credit in agriculture;
2. Know and understand the methods for identifying financial strengths and weakness;
3. Understand financial planning and management of assets.
Resources acquisition and control in financing; Credit: role of and classification of credit and evaluation of credit capacity; Bank and other credit institutions, farm loans, interest rates and repayment terms; The balance sheet: its structure, ratio and comparative analysis; The income statement: its organization, inventory adjustments and financial tests/ratios; The cash flow statement: its uses, advantages and organization; Debt servicing capacity and asset replacement decisions; Risk and risk management including agricultural insurance.
Continuous assessment 40%
Written examination 60%
Phone: +675 473 4999 Fax: +675 475 7776
