Title: Explain the benefits and liabilities of owning an agricultural business.
Course: Agricultural Production Technology (18301-I) > Section: Developing Business Aspects of an Agricultural Enterprise

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?