AAEC 3302: Exam 1 Study Guide (Intro to Agribusiness Management, Time Value of Money & Agribusiness Lenders) 2023/2024
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AAEC 3302
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AAEC 3302
AAEC 3302: Exam 1 Study Guide (Intro to Agribusiness Management, Time Value of Money & Agribusiness Lenders) 2023/2024
What are the activities that encompass a Agribusiness? (3) - ANSWER-- Supplying goods & services to farmers and ranchers
- Producers providing food & fiber products
- Marketin...
AAEC 3302: Exam 1 Study Guide (Intro
to Agribusiness Management, Time
Value of Money & Agribusiness Lenders)
2023/2024
What are the activities that encompass a Agribusiness? (3) - ANSWER-- Supplying goods & services to
farmers and ranchers
- Producers providing food & fiber products
- Marketing of products to end consumer, households, & businesses
What is the end market for agribusinesses? - ANSWER-The Consumer
Define Economics - ANSWER-The branch of knowledge concerned with the production, consumption,
and transfer of wealth.
What are the two meaning of Finance? (2) - ANSWER-- Science of monetary affairs
- To supply money for... (anything)
General Definition of Finance - ANSWER-The study of the flow of funds in an economy or firm.
List the 6 categories of Agribusiness Producers (6) - ANSWER-- Lifestyle farmers
- Subsistence farmers
- Growing midsize farmers
- Midsize farmers who are scaling back operations
- Industrial family farms
- Non-family farms
Lifestyle farmers do not need the _________ from the farm. - ANSWER-Income
, _____________ farmers: farm to live - ANSWER-Subsistence
Midsize farmers who are scaling back operations are thinking about _____________. - ANSWER-
Retirement
To be an Industrial family farm, the farm need to be generating ______________ dollars in sales -
ANSWER-Multi-million
Who are the primary fund users in Agriculture? - ANSWER-Producers (Agribusiness Producers)
Increasing regulations that strain production operations in two ways:
1.
2. - ANSWER-- Legal Constraints
- Potential Liability
_______________ is making producers more sophisticated - ANSWER-New Technology
Legal constraints, potential liability, & new technology; all combine to indicate that modern
agribusinesses need to be ________________________________. - ANSWER-knowledgeable of finance
Key Players in the U.S. Macroeconomy (3) - ANSWER-- Savers or Investors of Capital
- Borrowers or Users of Capital
- Financial markets & Institutions
What do financial markets & institutions facilitate? - ANSWER-The flow of funds from investors to users
Draw the Sources of Capital for the Macroeconomy - ANSWER-(Refer to Slide 7 of Introduction to
Finance Slides)
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