Title: Compare the costs and conditions of various types of loans.
Course: Agricultural Business Management III (18201-36) > Section: Making Consumer Choices

Comparison should include an analysis of the various loans (e.g., Farm Storage Facilities, Farm Operating Loans, Farm Ownership Loans, Fisheries Finance Program, Farm Labor Housing, Term Loans, Input Financing, Agribusiness Loans, Asset Financing, Livestock Financing) with regard to conditions and costs, such as

- annual percentage rates
- finance charges
- monthly payments
- annual fees
- transaction fees
- installments or length of loan (time to repay).

Process/Skill Questions:

- Why is it important to consider the costs involved in borrowing money?
- Why is it important to compare lenders and loan types when considering taking on debt to finance one’s business?
- How are loans helpful for owners looking to expand their inventory?