Starting an Ag Business

everything of value owned by an individual or a business.

• capital

• debt

• assets

• credit

a financial report showing the assets and liabilities of a business on a specific date.

• balance sheet

• cash flow statement

• spreadsheet

• loan application

the land, buildings, equipment and other valuable resources used in a business.

• debt

• capital

• niche

• credit

an estimate of cash to be received by a business vs. cash to be used to pay bills, make investments and cover other needs.

• balance sheet

• spreadsheet

• capital budget

• cash flow budget

something of value pledged as security for loan repayment.

• capital

• collateral

• credit

• competition

borrowed money.

• credit

• assets

• capital

• equity

occurs when a borrower cannot or will not pay a loan.

• default

• risk

• niche

• competition

the amount of an asset that you own vs. the amount that you may still owe on loans used to purchase the asset.

• capital

• equity

• balance sheet

• strategies

a person who starts and operates his or her own business.

• entrepreneur

• associate

• partner

• manager

a belief that a capitalist economy can regulate itself in a competitive market through supply and demand with a minimum of government regulation

• market

• capital

• free enterprise system

• trends