How To Create a Balance Sheet Part 3: Liabilities

This video provides a step-by-step guide on completing the farm liabilities section of the USDA Farm Service Agency Form FSA 2001 for direct loan assistance, covering how to list and calculate farm and personal liabilities, including accounts payable, notes payable, intermediate and long-term debts, and credit card debts, emphasizing the importance of accurate record-keeping and financial management for a successful loan application.