Financial Statements

Authors: Troy Anthony Anderson - Jesse Ketterman

Credit plays a pivotal role in modern financial planning, enabling individuals to manage cash flow, make major purchases, and secure future financial stability through strategic borrowing. While installment, revolving, and open credit accounts offer flexibility, responsible repayment is critical to avoid financial pitfalls. Budgeting is also essential to manage expenditures and prevent debt cycles. Securing credit depends on factors like payment history, credit score, and debt-to-income ratio, impacting loan terms and interest rates. Mismanagement can lead to financial distress, while effective credit use can enhance economic well-being. Authors: Troy Anthony Anderson, Ed.D., and Jesse Ketterman, Ph.D.; Title: Consumer Credit: Balancing Access and Risks to Achieve Financial Stability (FS-2025-0755).

Authors: Troy Anthony Anderson

This paper delves into the multifaceted dynamics of consumer education and decision-making within diverse cultural contexts. It underscores the pivotal role consumer knowledge plays in navigating today's complex marketplace, addressing both individual and collective needs in a globalized world. By understanding essential consumer rights; such as safety, access to accurate information, and the art of choosing, individuals can enhance satisfaction and mitigate potential negative impacts. The discussion extends to exploring how consumer education enriches financial literacy and refines resource management, equipping individuals with the tools needed to understand guarantees and warranties comprehensively. The paper also highlights the consumer's crucial role in fostering ethical behavior, emphasizing the significance of laws designed to protect consumers. By merging these elements, the article presents a thorough view of how informed consumers contribute to a more equitable and efficient marketplace. Author: Troy Anthony Anderson, Ed.D.; Title: Understanding Choices: Navigating Consumer Education for a Better Tomorrow (FS-2024-0742).

Authors: Paul Goeringer - Sima Majnooni

You can take steps to limit your potential liability by understanding your legal obligation or duty to protect visitors and other third parties from foreseeable harm. You also will need to know to whom you owe the duty and what duty others may owe to you. Steps you can take to limit your liability include obtaining insurance, procuring releases, and providing warnings. You should work with a licensed attorney in your area and your insurance agent to identify the tools that will work best for you. Author: Paul Goeringer and Sima Majnooni; Title: Understanding Agricultural Liability: Premise's Liability (FS-1001)

Authors: Shannon Dill - Nate Bruce

This publication focuses on the financial and economic factors that lead farmers to hire custom services for field operations, such as limited capital and insufficient labor. It explains that custom work charges are determined by the interplay of demand and supply, typically negotiated between farmers and custom operators. The main goal is to provide information on custom work charges in Maryland and offer data to aid farmers in making informed decisions about purchasing equipment. Authors: Shannon Dill and Nate Bruce; Title: Custom Work Charges in Maryland and Delaware (FS-683)

Authors: Jesse Ketterman - Patricia Maynard

If you ever plan to take out a loan or you currently owe money to another party, you need to understand credit and credit reports. Credit is the ability of a borrower to receive something (often money) in exchange to return the money to the lender at a later point in time. For example, when you buy a car, a bank (lender) provides the money to you (borrower). In exchange, the lender charges you interest. The interest charged is determined by several factors based upon your credit report. Therefore, it is important for you to monitor your credit report. Let’s take a minute to provide greater insight on credit and credit reports. Author: Jesse Ketterman, and Patricia Maynard; Title: Understanding Credit and Credit Reports (FS-1115).

Authors: Ben Beale - Greg Bowen - Paul Goeringer - Margaret Todd

A successful farm operation requires thoughtful property selection, whether you are leasing or purchasing land. When looking at properties, you need to consider how the property will support the goals in your business plan. Will the farm be productive? Will the location and regulatory environment fit into your marketing strategies, or can you adjust your strategies to suit your income needs? Is the price of the farm reasonable and realistic given your financial goals? Are there any zoning, covenant, easement, or plat restrictions that might prevent you from producing or selling what you want, where you want? Authors: Ben Beale, Greg Bowen, Paul Goeringer, and Margaret Todd; Title: Considerations for Acquiring a Farm: Selecting the Best Farm Property (FS-1094)