Includes index

Farm management in the Twenty-First century -- Management and decision making -- Acquiring and organizing management information -- Depreciation and asset valuation -- The balance sheet and its analysis -- The income statement and its analysis -- Economic principles : choosing production levels -- Economic principles : choosing input and output combinations -- Cost concepts in economics -- Enterprise budgeting -- Partial budgeting -- Whole-farm planning -- Cash flow budgeting -- Farm business organization and transfer -- Managing risk and uncertainty -- Managing income taxes -- Investment analysis -- Farm business analysis -- Capital and the use of credit -- Land : control and use -- Human resource management -- Machinery management

This text is developed for the first course in Farm Management, typically taken by a junior/senior level student. Designed to introduce students to the key concepts on how to effectively manage a farm business, the sixth edition provides students with the basic information needed to measure management performance, financial progress, and the financial condition of the farm business