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How did your education at Morrisville get you to where you are today?

“I owe a lot of my success to MSC and its professors. Not only did they prepare me with extensive knowledge of my specific field, they also prepared me for the "real world" in general. I was taught how to promote myself and my skills, how to conduct myself in professional situations, and much more.”
Meet Grace
Assistant Trainer and Barn Manager, Britt and Rachel McCormick
Major: Equine Science and Management and Equine Science B.Tech.

School of Agriculture and Natural Resources

Dean: Christopher L. Nyberg
Phone: (315) 684-6083
Email: nybergcl@morrisville.edu

Course Description

Agricultural Finance

Uses of credit including real estate, capital equipment, and annual operating needs. Long term, short term and lines of credit as means of meeting these needs. Sources of credit including PCA, FLB, FMHA, banks, and individuals. Security instruments such as first and second mortgages, collateral mortgages, liens and contracts. Repayment schedules including amortized loans, balloon payments, and refinancing and variable rate loans. Capital investment analysis with emphasis on net present value and yield on investment. Chattel and real estate appraisals including summation, depreciated replacement value, and capitalization methods. Other topics to include real estate taxation, income statements, balance sheets, cash flow budgets, and trend analysis. Semester project dealing with preparation of and application for farm financing. Computer applications as appropriate. Prerequisites: ESCI 215 or AGBS 210, Pre or Co-requisite: OFFT 110 3 credits (3 lecture hours), spring semester