Farm Management

Designed to teach the farm managers of tomorrow, Farm Management emphasizes the strategic and operational aspects of managing a farm. Today's farm managers will also want to consult it to enhance the effectiveness, objectivity, and success of their decisions.

This innovative textbook is framed by the increasing need for farmers to develop and follow a business plan. Topics not found in traditional farm management texts include:

Strategic management, how to evaluate, choose, and implement the business strategies that best fit the farm and the farmer; production and operations planning; how to benefit from techniques and management tools used in general business; quality management and control, which will decrease costs and meet consumer demands; production contract evaluation; decision making beyond the traditional microeconomic analysis, including decision making under risk and the development of scenarios to understand the impact of an uncertain future.

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, workforce management, business organisation, and control management.

Student learning will be enhanced by review questions and a glossary in the book. Other ancillary materials such as 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.