This innovative textbook is framed by the increasing need for farmers to develop and follow a business plan.
Fundamental farm management topics and basics are not ignored in this all–inclusive text. Traditional material includes budgeting, marketing, enterprise selection, production planning, financial analysis, financial management, investment analysis, risk management, work force management, business organization, and control management.
Student learning will be enhanced by review questions and a glossary. Other ancillary material: study notes, virtual field trips, a test bank, class assignments, instructions on how to produce local examples to complement the examples in the text, and worksheets for students are available on the author’s website or on a CD–ROM
Strategic management—How to evaluate, choose, and implement the business strategies that best fit the farmer, the farm and the changing world
Production and operations planning—How to benefit from techniques and management tools used in general business
Quality management and control—How to decrease costs, better meet consumer demands and improve the progress towards goals and objectives
Production contract evaluation—Discusses how to evaluate contracts and includes a checklist of items that a farmer should consider
Decision–making beyond the traditional microeconomic analysis—In addition to the topics just mentioned, the text includes decision making under risk and the development of scenarios to understand the impact of an uncertain future