chapter12old

chapter12old - Farm Management Chapter 12 Whole-Farm...

Info iconThis preview shows pages 1–11. Sign up to view the full content.

View Full Document Right Arrow Icon
Farm Management Chapter 12 Whole-Farm Planning
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
farm management chapter 12 2 Chapter Outline What is a Whole-Farm Plan? The Planning Procedure Example of Whole-Farm Planning Linear Programming Other Issues
Background image of page 2
farm management chapter 12 3 Chapter Objectives 1. To show how whole-farm planning differs from the planning of individual enterprises 2. To learn the steps and procedures to follow in developing a whole-farm plan 3. To understand the uses for a whole-farm plan and budget 4. To compare the assumptions used for short-run and long-run budgeting 5. To introduce linear programming as a tool for whole-farm planning
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
farm management chapter 12 4 What is a Whole-Farm Plan? A whole-farm plan is an outline or summary of the type and volume of production to be carried out on the entire farm and the resources needed to do it. When the expected costs and returns for each part of the plan are organized into a detailed projection, the result is a whole-farm budget .
Background image of page 4
farm management chapter 12 5 The Planning Procedure Review goals and specify objectives Inventory resources Identify enterprises and technical coefficients Estimate the gross margin per unit Choose the enterprise combination Prepare a whole-farm budget
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
farm management chapter 12 6 Figure 12-1 Procedure for developing a whole-farm plan
Background image of page 6
farm management chapter 12 7 Resources Land: total number of acres, types of land, fertility levels, climate, potential pests, tenure arrangements and leases, etc Buildings: number, type, condition Labor: quantity and quality Machinery: number, size, and capacity Capital: short-run and long-run availability Management: age, experience, and past performance Other resources: markets, quotas, specialized inputs
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
farm management chapter 12 8 Technical Coefficients The technical coefficients for an enterprise indicate how much of a resource is required to produce one unit of the enterprise. Technical coefficients are important in determining the maximum possible size of enterprises and the final enterprise combination.
Background image of page 8
farm management chapter 12 9 Estimating Gross Margin Enterprise budgets, discussed in detail in Chapter 10, are important tools for farm planning. Enterprise budgets provide estimates of gross margin, or returns above variable costs.
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
farm management chapter 12 10 Choosing the Enterprise Combination Managers want to find the combination
Background image of page 10
Image of page 11
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 29

chapter12old - Farm Management Chapter 12 Whole-Farm...

This preview shows document pages 1 - 11. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online