Budgeting
Overall, all the decisions that a farmer makes will have some impact upon the business. Here are tools that can help with these decisions.
- Partial Budgeting for Agricultural Businesses
- Partial budgeting is a planning and decision-making framework used to compare the costs and benefits of alternatives faced by a farm business. It focuses only on the changes in income and expenses that would result from implementing a specific alternative.
- Using Partial Budgeting to Make Decisions
- Given the importance of decision-making on the activities and future of the business, farm managers need to have a tool available that will assist in making the best decision possible. This article highlights just such a tool – partial budgeting.
