Title: (Optional) Explain the benefits and challenges of owning an agricultural business.
Course: Agricultural Business Fundamentals I (18201-I) > Section: Understanding Agribusiness Structures and Procedures

Explanation should include the

- benefits
  - independence
  - personal satisfaction
  - creativity
  - financial freedom
  - job security
- challenges
  - market-related risk
  - access to finance and credit
  - low bargaining power
  - access to information
  - vulnerability to economic shocks
  - access to training.

Process/Skill Questions:

- What would be some of 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 one’s own agricultural business?