Up till now the management of a farm was based mostly on empirical knowledge passed on from generation to generation. However, the modern farmer is being confronted with almost insurmountable problems: rising costs, lower product prices, escalating interest rates on the purchase of farming land, and labour unrest, to name but a few. Add to these the perennial droughts which are the scourge of Southern Africa, and the picture looks bleak indeed. These factors are forcing farmers to optimally develop their business acumen and managerial skills in order to manage their farming enterprises as economically as possible.
Traditionally it was not necessary for farmers to become involved in many arithmetical calculations, but life is changing fast. This book contains the basic principles of financial farming management, analysis and control, presented in an easy, accessible style. A must read for the farmer.
Chapter 1 Financial analysis, planning and control in perspective
Chapter 2 The farm management information system: Importance, requirements and auxiliary statements
Chapter 3 The farm management information system: Annual financial statements
Chapter 4 The farm management information system: Analysis and interpretation
Chapter 5 Financial planning: The development of a farming strategy
Chapter 6 Financial planning: Auxiliary budgets
Chapter 7 Financial planning: The integrated farm budgeting system Interest tables
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