Designed for the one-semester introductory course in farm management, this text introduces students to basic
business management concepts and shows how these can be applied to the management of farms and ranches. This new
edition up-dates information on agriculture and farm management. Some of its other features include: the Farm Financial
Standards Task Force (FFSTF) recommendations; a focus on the manager's role in decision making; an expalnation
of economic principles, budgeting procedures, information systems which provide data on which to base decisions,
and planning techniques that are used to analyze the information and draw conclusions; and a discussion of alternatives
and strategies for acquiring agricultural resources. Different forms of business organization, methods for analyzing
new investments, risk management strategies, income tax management, and whole farm business analysis is also included.
--This text refers to an out of print or unavailable edition of this title.
Table of Contents
Table of 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
