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Thursday, February 20, 2014

Choosing Your Degree Wisely

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.

Some may think that Agricultural finance has to do just with the providing of loans to farmers. It actually entails several different aspects such as insurance, income distribution, farm finance management, and taxation. All of the dynamics of agricultural finance change as the national economic policies change as well.

Just because you get a degree does not mean that you are going to be able to get a job in today's economy. It is important that you know how a degree will translate into a career and what you will do in a typical day on the job.

While profits may occur a large majority of that goes back to the farm to take care of farming equipment, land expansion, livestock increase. These are some of the investment decisions farmers have to make. The way that farmers decide timing of financial investments is through accounting systems that provide them with enough data to maximize profits.

Helen wrote about everything that was going on during the war. She talked about the smells and the harsh odor that covered where they would operate. She talked about the long hours that she worked and even talked about how she worked as much as the men did during this time, which was often 14 hour shifts.

The information that a farmer collects should show what products to invest the most in. Profitability can be maximized by making market based decisions like this. It also allows farmers to problem solve and figure out what is making their revenue decrease or increase in the end.

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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