Description
Book SynopsisThe third and final instalment of Peter Nuthall's Farm Business Management series, this volume teaches the practical skills needed to manage a farm, such as risk analysis, budgeting, cost benefit analyses and much more. The key characteristic of this book is its ability to simplify the complex subject of business management into a clear, accessible volume tailored to the topic of farming, by using engaging techniques such as worked examples to fully explain the complex decision making tools necessary for this discipline.
Table of Contents1: Introduction 2: The Environment Under Which Farming Systems Exist 3: Decisions Under Non-certainty - Probability, Methods and Models 4: Cost-Benefit Analysis - Recognizing Input-Output Timing 5: More on Decision Making and Utility (Objectives) 6: Farm Surveys - Uses, Procedures and Methods 7: Improving Farming Systems Using Survey Data; and Information Systems 8: Constructing Improved Systems 9: Methods and Models of Income Variability Reducing Techniques 10: Budgeting - The Simplest Form of Farm Systems Analysis 11: Linear Programming - The Farm Model and Finding an Optimal Solution 12: Linear Programming - Using the Solution and Creating Realistic Farm Models 13: Dynamic Programming 14: Systems Simulation 15: The Structure and Analysis of Specific Part-farm Problems 16: Concluding Comments - Review and Summary Appendix 1: A Synopsis of Production Economics Appendix 2: Example of the output from an Individual Farm 'End of Year' Analysis Appendix 3: Solving Linear Programming Problems Appendix 4: An Example of a Schematic LP Matrix for a Simple Lamb-Producing Farm
