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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.
Table of contents
Part 1 Management1 Farm Management In The Twenty-First Century2 Management and Decision MakingPart 2 Measuring Management Performance3 Acquiring and Organizing Management Information4 The Balance Sheet and Its Analysis5 The Income Statement and Its Analysis6 Farm Business AnalysisPart 3 Applying Economic Principles7 Economic Principles - Choosing Production Levels8 Economic Principles - Choosing Input and Output Combinations9 Cost Concepts in EconomicsPart 4 Budgeting for Greater Profit10 Enterprise Budgeting11 Whole-Farm Planning12 Partial Budgeting13 Cash Flow BudgetingPart 5 Improving Management Skills14 Farm Business Organization and Transfer15 Managing Risk and Uncertainty16 Managing Income Taxes17 Investment Analysis18 Enterprise AnalysisPart 6 Acquiring Resources for Management19 Capital and Credit20 Land - Control and Use21 Human Resource Management22 Machinery Management