Farm managers will appreciate this book as they learn the principles of farm management; from the basics of management and economics; to the details of strategy and operations. It presents economic concepts, such as the discussion of markets, competitive forces, and macroeconomics, which is new to farm management texts. Material is included on strategy, marketing, budgeting, production and operations, quality, finance, investment, risk, contracts, staffing, business organisation, farm succession, and the future. Strategic management and quality management as well as new techniques and tools in production and operations management are also examined. This approach will help farm managers improve the efficiency, effectiveness, objectivity, and, ultimately, success of their decisions.
Chapter 1 Managing the Farm in an Integrated World Economy.
Chapter 2 Management.
Chapter 3 Business Plans.
Chapter 4 Lessons from Microeconomics.
Chapter 5 Lessons from Macroeconomics.
Chapter 6 Government Policies Affecting Farming around the World.
Chapter 7 Strategic Management: Planning.
Chapter 8 Strategic Management: External and Internal Analysis.
Chapter 9 Crafting Strategy.
Chapter 10 Strategy Execution and Control.
Chapter 11 Marketing Basics.
Chapter 12 Financial Statements.
Chapter 13 Financial Analysis.
Chapter 14 Financial Management.
Chapter 15 Enterprise Budgets: Uses and Development.
Chapter 16 Partial Budgets.
Chapter 17 Whole-Farm Planning.
Chapter 18 Operations Management for the Farm.
Chapter 19 Quality Management and Control.
Chapter 20 Investment Analysis.
Chapter 21 Land Ownership and Use.
Chapter 22 Risk Management.
Chapter 23 Production Contract Evaluation.
Chapter 24 Human Resource Management.
Chapter 25 Business Organization.
Chapter 26 Farm Transfer and Succession Planning.
Chapter 27 Farming in the Future.