Farm Management

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.