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E-grāmata: Economics of Farm Management: A Global Perspective

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Economics of Farm Management: A Global PerspectivePalielināt
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Future farm managers need a range of tools and knowledge to run successful businesses, and this accessible textbook provides the required foundations from economics and management, applied to the farm context.

In todays world where farms are subject to ever-changing industrial, labor, demographic, and technological factors, this textbook provides a clear focus and methodology for business stability and growth. It covers core microeconomic and macroeconomic principles, plus the full range of management topics, from accounting and marketing to operations management and human resource management. It also covers family succession planning and farming mega-trends.

This second edition has been updated with the latest data and literature, and gives deeper attention to sustainability and conservation. It also offers a broader range of examples, showcasing the diversity of farm types and farm sizes across the US and globally. Instructor materials are available as digital supplements.

This textbook will be a valuable resource for courses in farm management, ranch management, agribusiness, and agricultural economics.

Recenzijas

"If there is one book that any agriculture student or farmer should refer to, to better manage farm business and conduct farm-related analysis, this is the one."

Jebaraj Asirvatham, Southern Illinois University Carbondale, USA

Preface xiv
Acknowledgments xvii
1 Managing the Farm in an Integrated World Economy
1(9)
A Changed and Changing World
3(3)
Overview of the Book
6(4)
2 Management
10(20)
The Farming Environment
13(2)
The Functions of Management
15(3)
Farmers as General Managers, Not Plant Managers
18(1)
Management Skills
19(5)
The Decision Process
24(6)
3 Business Plans
30(12)
Sample Business Plan Outline
30(7)
An Example Executive Summary
37(5)
4 Lessons from Microeconomics
42(35)
Basic Concepts and Terms
42(13)
Planning Production
55(10)
Farm Size
65(6)
Markets and Market Structure
71(6)
5 Lessons from Macroeconomics
77(12)
Basic Concepts and Terms
77(5)
Domestic Issues
82(3)
International Issues
85(4)
6 Government Policies Affecting Farming around the World
89(10)
Estimates of Government Support for Farmers
89(1)
Policies in Selected Countries
90(9)
7 Strategic Management: Planning
99(16)
Strategic Management
99(4)
Strategic Planning
103(12)
8 Strategic Management: External and Internal Analysis
115(25)
External Analysis
115(15)
Internal Analysis
130(10)
9 Crafting Strategy
140(22)
Crafting Competitive Strategy
140(7)
Strategies for Specific Situations
147(2)
Tests for Evaluating Strategies
149(3)
Improving Strategic Planning
152(2)
Managing Strategic Risk
154(3)
Concluding Thoughts
157(5)
10 Strategy Execution and Control
162(10)
Strategy Execution
162(6)
Strategic Control
168(4)
11 Marketing Basics
172(21)
The Marketing Mix
172(6)
Marketing Plans for Farmers
178(4)
Historical Price Patterns
182(4)
General Price Forecasting Methods
186(4)
Marketing Control
190(3)
12 Financial Statements
193(19)
The Balance Sheet
193(10)
Income Statement
203(4)
Statement of Owner Equity
207(1)
Statement of Cash Flows
208(4)
13 Financial Analysis
212(37)
Measures of Financial Position and Performance
214(14)
Initial Analysis
228(9)
Diagnostic A nalysis
237(4)
An Example Analysis
241(6)
Appendix: Checking Record Accuracy
247(2)
14 Financial Management
249(23)
Sources and Uses of Capital
249(2)
The Time Value of Money
251(5)
Calculating Loan Payments
256(1)
Estimating the Cost of Credit
257(3)
Cash Flow Management
260(7)
Financial Control
267(5)
15 Enterprise Budgets: Uses and Development
272(30)
Purpose of Enterprise Budgets
272(2)
Organization of an Enterprise Budget
274(6)
Enterprise Budget Development
280(11)
Estimating Annual Costs of Durable Assets
291(11)
16 Partial Budgets
302(13)
Partial Budget Analysis Procedures
302(3)
Partial Budget Examples
305(6)
Limitations of Partial Budget Analysis
311(4)
17 Whole-Farm Planning
315(29)
Whole-Farm Planning
316(16)
Pro Forma Financial Statements
332(8)
Measuring against the Balanced Scorecard
340(4)
18 Operations Management for the Farm
344(27)
Process Mapping
344(5)
Improving the Current Process
349(3)
Scheduling Operations
352(7)
Project Scheduling
359(2)
Input Supply Management
361(6)
Lean Management
367(4)
19 Quality Management and Control
371(33)
Quality Defined
372(3)
Costs of Quality
375(1)
Quality Management
376(11)
Process Control and Improvement
387(4)
Tools for Process Improvement
391(8)
Concluding Comments
399(5)
20 Investment Analysis
404(25)
Investment Analysis (Capital Budgeting)
405(10)
Investment Examples
415(9)
Investment Analysis under Uncertainty
424(5)
21 Land Ownership and Use
429(19)
Purchasing Land
431(4)
Leasing Land
435(13)
22 Risk Management
448(37)
Sources of Risk
449(1)
Managing Risk
450(5)
Making Risky Decisions
455(7)
Scenarios for Management Planning
462(11)
Appendix: Estimating Subjective Probabilities
473(12)
23 Production Contract Evaluation
485(14)
Types of Production Contracts
486(1)
Evaluating Production Contracts
487(4)
A Production Contract Checklist
491(4)
A Concluding Comment
495(4)
24 Human Resource Management
499(24)
Human and Employee Needs
500(4)
Cultural Diversity
504(1)
Human Resource Management
505(14)
Concluding Comments
519(4)
25 Business Organization
523(8)
Organizational Structure
523(1)
Board of A dvisors
524(1)
Legal Forms of Business Organization
525(6)
26 Farm Transfer and Succession Planning
531(13)
The Farm Business Life Cycle
532(2)
The Process of Farm Transfer and Succession Planning
534(3)
The Farm Transfer and Succession Plan
537(7)
27 Farming in the Future
544(17)
Opportunities and Challenges
544(6)
Farmers' Responses
550(8)
Concluding Comments
558(3)
Appendix
561(13)
Appendix Table A.1 Amount of 1 at compound interest
562(3)
Appendix Table A.2 Present value of 1 at compound interest
565(3)
Appendix Table A3 Annuity factors
568(3)
Appendix Table A.4 Capital recovery or amortization factors
571(3)
Glossary 574(8)
Index 582
Kent Olson is Professor Emeritus in the Department of Applied Economics at the University of Minnesota, USA.

John Westra is Program Leader and Professor in the Department of Agricultural Economics at the University of Nebraska, USA.
Biežāk uzdotie jautājumi par e-grāmatām Biežāk uzdotie jautājumi par e-grāmatām
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