Unique Characteristics of Farming
Net worth Equations (3)
Factors under the farmers control
Functions of Management
Challenges in US Agriculture Today
How is structure changing in US farms
what is the response to changing structures?
How must farms be sustainable
Strategic Farm Management
Tactical Farm Management
Purposes of farm management records:
Income tax management
what are major farm activities?
What are the minimum records needed?
Barn Door, Shoe box
Cash Journal and Check Processing
Hybrid system of Own Design
What is an Asset?
What is a Liability?
Net Farm Income (profit)
Statement of owner equity
Value at cost
Available net selling price
Value at capitalization of earning power
Why is a dollar today worth more than a dollar tomorrow?