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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 eighth edition provides students with the basic information needed to measure management performance, financial progress, and the financial condition of the farm business.
Part 1 Management
1 Farm Management Now and In the Future
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 and Decision Making
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
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