Show a FARM 1 acu AR TX mp aai 1 E 0 bl G G S C county ou n t y A agent gen t A I 1 pd c rn f farming ar m in g requires e q u ir es m more ore and greater skills than almost almo stany any other occupation and this applies to the financial as well ai other sides of farming says county agent ernest 0 biggs in referring to a publication just issued by tho th U S department of agriculture called managing farm finances farmers must not only be expert at growing crops and raising livestock but must also know how to handle the complexities of the business side of farming he advised the major points of good financial management on farms are re explained in the publication which was prepared by the Bureau of agricultural economics the new booklet suggests things to look for in investing money and gives pointers on buyink buying a a farm A section entitled how 7 much Is a farm worth explains how to figure the value of a farm based on annual returns from the farm and the interest rate for loans it discusses use of credit for buying farm machinery as well as farm land it explains ho how one can budget his debts for seasonal needs to avoid paying interest on money until the money is actually needed the booklet gives hints for making wise wise decisions as to investments for the home as well as credit for purchase of farm machinery and for other productive purposes it explains the use of notes mortgages and other credit instruments there is a section on reserves in farming sections on different types of insurance Final finally lv there are tables useful in in figuring out how fast a collar accumulates at compound interest over given periods of time and how much must be paid each year to pay of off f a loan in any given number of years |