How To Create a Balance Sheet Part 2: Assets

This video is a detailed walkthrough on how to complete the balance sheet section (Part H) of the USDA Farm Service Agency Form FSA 2001 for direct loan assistance, including how to accurately list and value farm assets, such as cash, accounts receivable, crop inventory, growing crops, market livestock, prepaid expenses, machinery, and real estate, emphasizing the importance of accurate recordkeeping and valuation for a successful loan application.