Financial Management in Agriculture, Seventh Edition, introduces students to modern concepts and tools of finance, developed and applied to the agricultural sector. Using case studies, practical problems, and a lucid presentation, the text focuses on planning, analyzing, and controlling business performance in agriculture and related financial markets. This new edition addresses recent structural changes in the food system, covering important topics such as the growth in vertical coordination within the food and fiber system, and the significant implications for financial analysis and risk management by those managing or financing the agricultural sector.
A textbook for undergraduate and beginning graduate students who are assumed to have some acquaintance with microeconomic principles and with statistics. Barry is joined by Paul N. Ellinger, C. B. Baker (all U. of Illinois-Urbana-Champaign) and John A. Hopkin (Texas A&M U.) to develop and apply concepts, analytical methods, and descriptive information for managers of farms. They particularly point out how economics in agriculture differ from that in other industries because of the risk factors, and special financial institutions and lending programs. Earlier editions were published between 1973 and 1995. Annotation c. Book News, Inc., Portland, OR (booknews.com)