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AFM Accredited Farm Manager VIP Certification Exam
AFM — The Accredited Farm Manager (AFM) designation is awarded by the American Society of Farm Managers and Rural Appraisers (ASFMRA). Candidates must pass a comprehensive written examination covering farm business management, agricultural finance, leasing, agronomy, risk management, taxation, government programs, and related disciplines. The exam is scenario-based and requires demonstrated competency across all major farm management domains.
54
Questions
180m
Time Limit
75.00%
To Pass
Question 1 of 54👑 VIP
A grain farmer in Iowa operates 1,200 acres of corn and soybeans. At year-end, his balance sheet shows total farm assets of $4,200,000 and total farm liabilities of $1,680,000. His net farm income for the year was $210,000 and he made $85,000 in principal payments on long-term debt. Which of the following BEST describes his debt-to-asset ratio and what it indicates about his financial position?
Questions 2–54 and full explanations are VIP-exclusive.