Explanation should include an assessment of the benefits (e.g., personal satisfaction, creativity, financial freedom, job security) vs. the liabilities (e.g., operating expenses, debt, various risks and unforeseen conditions).
Process/Skill Questions:
- What are the benefits of owning an agricultural business?
- What are the disadvantages of owning a business?
- Why should one research the market carefully before buying or opening an agricultural business?
- What strengths, weaknesses, opportunities, and threats (SWOT) come with owning an agricultural business?