Farm Management by R D Kay 7th Edition Pdf Free Download
Introduction:
Good management is a crucial factor in the success of any business. Farms and ranches are no exception. To be successful, farm and ranch managers need to spend more time making management decisions and developing management skills than their parents and grandparents did. This is because production agriculture in the United States and other countries is changing along the following lines: more mechanization, increasing farm size, continued adoption of new production technologies, growing capital investment per worker, more borrowed or leased capital, new marketing alternatives, and increased business risk. These factors create new management problems, but also present new opportunities for managers with the right skills.
Major Contents
This book is divided into six parts. Part I begins with the chapter “Farm Management in the Twenty-First Century.” It describes some of the technological and economic forces driving the changes we see in agriculture. By reading this chapter students will find an incentive to study farm management.
Part II presents the basic tools needed to measure management performance, financial progress, and the financial condition of the farm business.
Part III contains three chapters on basic microeconomic principles. The topics in this part provide the basic tools needed to make good management decisions.
Practical use of budgeting is emphasized in Part IV. The discussion includes chapters on enterprise, partial, whole farm, and cash flow budgets.
Topics necessary to further refine a manager’s decision-making skills are included in Part V. Farm business organization, risk control, income tax management, investment analysis, and enterprise analysis are discussed.
Part VI discusses strategies for acquiring the resources needed on farms and ranches, including chapters on capital and credit, land, human resources, and machinery.
No comments