₦airaland Forum

Assets and liabilities works hand in hand, you can’t be in one without experiencing the other. They go together, keep reading.

Assets in agricultural production are the items or farm produce an agricultural firm own from growing of crops and rearing of animals.

They add value to the firm and increase the equity of that firm.

For example, if you own a pig farm, your pigs are your assets, because you will definitely get different produce or finished products from rearing pigs.

In the likes of

Cash (income)
Piglets
Pork
Housing
The feed inventories
The land where the farm is practised
The vehicles for farm activities
Machinery and equipments, etc.
When it comes to assets in terms of crop production, let’s say a rice farm, you will be talking about

the land involved in cultivating the rice, cause you can definitely use it for other things,
your final produce(after harvest)
Income after sales, etc.
So generally, assets in one way or the other helps with the growth of the farm, it increases farm inputs.



Liabilities in agricultural production are what you owe as a farmer relating to your farm, It was once said and we all know that liabilities are income suckers.

They kind of decrease the value of your farm. One thing you should prevent as a farmer is to make sure that your liabilities are not more than your assets.

If the liabilities of your farm are more than your assets, you may just go out of business.

Let’s take a look at a poultry farm. The liabilities include

See more
Source: https://jitesblog.com/assets-and-liabilities-in-agriculture/

Easymoney00101:
Assets and liabilities works hand in hand, you can’t be in one without experiencing the other. They go together, keep reading.

Assets in agricultural production are the items or farm produce an agricultural firm own from growing of crops and rearing of animals.

They add value to the firm and increase the equity of that firm.

For example, if you own a pig farm, your pigs are your assets, because you will definitely get different produce or finished products from rearing pigs.

In the likes of

Cash (income)
Piglets
Pork
Housing
The feed inventories
The land where the farm is practised
The vehicles for farm activities
Machinery and equipments, etc.
When it comes to assets in terms of crop production, let’s say a rice farm, you will be talking about

the land involved in cultivating the rice, cause you can definitely use it for other things,
your final produce(after harvest)
Income after sales, etc.
So generally, assets in one way or the other helps with the growth of the farm, it increases farm inputs.



Liabilities in agricultural production are what you owe as a farmer relating to your farm, It was once said and we all know that liabilities are income suckers.

They kind of decrease the value of your farm. One thing you should prevent as a farmer is to make sure that your liabilities are not more than your assets.

If the liabilities of your farm are more than your assets, you may just go out of business.

Let’s take a look at a poultry farm. The liabilities include

See more
Source: https://jitesblog.com/assets-and-liabilities-in-agriculture/

Yes, you are absolutely correct. That's why experts have always recommended agricultural export business to all agricultural practitioners in Nigeria. In fact, this is where the dividends of agricultural practice lie. You are capable of making millions of naira each time you export, thereby increasing your asset. Click on the first link on my signature for details on how to increase your assets as a farmer with agricultural products export.

Okey