- -   AGRICULTURE CORE CURRICULUM  - -

(CLF1000)  Advanced Core Cluster:  AGRICULTURAL BUSINESS MANAGEMENT

   (CLF1400)  Unit Title:  FINANCE AND CREDIT


          UNIT DIRECTORY:

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           Code     Topic Title                          Hours     Year(s)
____________________________________________________________________________

          (CLF1401)  Role of Credit in Agribusiness        1         3/4

          (CLF1402)  Public Sources of Credit              1         3/4   

          (CLF1403)  Private Sources of Credit             1         3/4

          (CLF1404)  Applying for a Loan                   1         3/4

          (CLF1405)  Costs of Credit                       1         3/4

          (CLF1406)  Glossary                              0         3/4

                                    TOTAL TIME FOR UNIT =  5
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UNIT GOAL:  Students will understand farm credit and know the role of credit 
            in agriculture.
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UNIT OBJECTIVES:  Upon completion of this unit, the students will be able
                  to:

1.  Discuss the role of credit in agriculture.

2.  Define two specific kinds of credit.

3.  List factors to consider in selecting a source of credit.

4.  Match sources of credit to a list of advantages and disadvantages.

5.  List factors affecting repayment capacity.

6.  Distinguish among various types of assets and liabilities.

7.  Select factors that affect the cost of credit.

*-* Complete a loan application.

*-* Understand how interest is calculated.

NOTE: Objectives marked *-* are not in the Agriculture Model Currriculum
      Guide but are considered important components of this unit.

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REFERENCES:


Luening, R. A., Klemme, R. M., & Mortenson, W. P. (1991).  THE FARM 
  MANAGEMENT HANDBOOK (7th ed.).  Danville, IL: Interstate Publishers.

Osburn D. D., & Schneeberger, K. C. (1983).  MODERN AGRICULTURAL MANAGEMENT:  
  A SYSTEMS APPROACH TO FARMING (2nd ed.).  Reston, VA: Reston Publishing. 

____________________________________________________________________________
RESOURCES:

AgriData Resources, Inc., 330 E. Kilbourn Ave., Milwaukee, WI 53202.  
  The following are available via the AgriData "AgEd" database:

  Reference Number      Title

  CSU914                Bank Credit

  FE2210                Sources of Credit

  FE2160                Types of Loans

  FE2260                How Credit Sources Differ

  FE2310                Government "Loan" Programs

  FE2360                Loan Evaluation Standards

  HS15                  Using Operating Credit

  HS24                  How to Choose a Lender

  HS25                  Public Sources of Credit

  HS26                  Private Sources of Credit

  HS27                  Getting a Loan From A Bank

  HS30                  Using Federal Land Bank Credit

  HS31                  Using PCA Credit

  HS677                 The Farm Credit System

  HS678                 Farm Credit System Loans

  HS680                 Banks for Cooperative Loans
    


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                     *** INSTRUCTORS PLEASE NOTE ***
       The material in this unit is largely drawn from supplementary 
       material included in the the basic core curriuculum unit on 
       Agricultural Credit (CLF421-426).  
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11/12/91 GFV/EEZ/ch


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