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Full Description
This text is developed for the first course in Farm Management, typically taken by a junior/senior level student. Designed to introduce students to the key concepts on how to effectively manage a farm business, the seventh edition provides students with the basic information needed to measure management performance, financial progress, and the financial condition of the farm business.
Contents
Part 1 Management 1 Farm Management in the Twenty-First Century 2 Management and Decision Making Part 2 Measuring Management Performance 3 Acquiring and Organizing Management Information 4 The Balance Sheet and Its Analysis 5 The Income Statement and Its Analysis 6 Farm Business Analysis Part 3 Applying Economic Principles 7 Economic Principles - Choosing Production Levels 8 Economic Principles - Choosing Input and Output Combinations 9 Cost Concepts in Economics Part 4 Budgeting for Greater Profit 10 Enterprise Budgeting 11 Whole-Farm Planning 12 Partial Budgeting 13 Cash Flow Budgeting Part 5 Improving Management Skills 14 Farm Business Organization and Transfer 15 Managing Risk and Uncertainty 16 Managing Income Taxes 17 Investment Analysis 18 Enterprise Analysis Part 6 Acquiring Resources for Management 19 Capital and Credit 20 Land - Control and Use 21 Human Resource Management 22 Machinery Management
