Farm Management

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  • Edition: 5th
  • Format: Hardcover
  • Copyright: 2003-07-17
  • Publisher: McGraw-Hill Science/Engineering/Math
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This text was developed for the first course in Farm Management, typically taken by a junior/senior level student. It was designed to introduce students to the key concepts on how to effectively manage a farm business. The fifth 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

1 Management

1 Farm Management in the Twenty-First Century

2 Management

2 Measuring Management Performance

3 Acquiring and Organizing Management Information

4 Depreciation and Asset Valuation

5 The Balance Sheet and Its Analysis

6 The Income Statement and Its Analysis

3 Developing Basic Management Skills

7 Economic Principles - Choosing Production Levels

8 Economic Principles - Choosing Input and Output Combinations

9 Cost Concepts in Economics

10 Enterprise Budgeting

11 Partial Budgeting

12 Whole-Farm Planning

13 Cash Flow Budgeting

4 Improving Management Skills

14 Forms of Farm Business Organization

15 Managing Risk and Uncertainty

16 Managing Income Taxes

17 Investment Analysis

18 Farm Business Analysis

5 Acquiring Resources for Management

19 Capital and the Use of Credit

20 Land - Control and Use

21 Human Resource Management

22 Machinery Management


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