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Agriculture/Farming
12,245 Pins
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12 Sections
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1d
Farm Records Keeping for Financial Decision Making
One of the key factors that distinguish commercial farming from peasant farming is the deliberate effort by the farm operator to maintain records and accounts of farm operations. It is an undeniable fact that the backbone of any business organization aiming to maximize profits is a well-organized system of record-keeping and accounting. The need to keep records and accounts of farm business activities becomes increasingly necessary as agriculture transitions f... #Opcional #GeneralAgricultur
Input-Input Relationships in Agricultural Finance
The problem of input choice assumes vital importance, particularly when alternatives for producing a given product are available. Most agricultural products are produced with two or more critical inputs. In this context, substitution of one input for the other at the least cost to produce a given output forms the basis for most decision-making problems. In livestock, grain ration is substituted for forages, and in crop production, herbicide... #Opcional #GeneralAgriculture #GeneralAgricultur
Importance of Credit to the Farmers
Some scholars argue that the lack of credit in sufficient quantity is a major constraint to agricultural development. They rest their argument on the fact that the adoption of most technologies involves the purchase of improved inputs. In the previous section, it was mentioned that most farmers in developing countries are poor, thus they do not have the financial resources to purchase such inputs, and the indigenous credit system cannot supply the needed credi... #Opcional #GeneralAgricultur
Input-Output Relationships in Agriculture
In the production process, inputs are transformed into outputs. Whatever is introduced into the production process emerges as output. Consequently, there exists a relationship between the input (resources used) and the output (the final product). Generally, a function describes the relationship between variables. In production economics, the most fundamental relationship is between the factors of production and the product. Read Also: Rabbit Reproduction:... #Opcional #GeneralAgricultur
Farm Accounts for Financial Management
Farm accounting involves maintaining and using records and other information needed to measure the financial performance of the business. A farmer cannot possibly make intelligent decisions regarding the current use of capital unless adequate information regarding the current financial condition and past progress of the operation is at hand. Read Also: Factors that Hinders your Fishes from Growing Fast Farm Accounts for Financial Management Farm acc... #Opcional #GeneralAgricultur
Input-Output Relationships in Agriculture
In the production process, inputs are transformed into outputs. Whatever is introduced into the production process emerges as output. Consequently, there exists a relationship between the input (resources used) and the output (the final product). Generally, a function describes the relationship between variables. In production economics, the most fundamental relationship is between the factors of production and the product. Understanding the Law of Diminis... #Opcional #GeneralAgricultur
Origin, Varieties, and Cultivation Practices of Bananas and Plantains
Banana plants belong to the family Musaceae. They are primarily cultivated for their fruit, and to a lesser extent for the production of fibre and as ornamental plants. Due to their size and structure, banana plants are often mistaken for trees. The main or upright growth is known as a pseudostem, which, in some species, can reach a height of 2–8 meters, with leaves extending up to 3.5 meters in length. Each pseudostem produces a single bunch of bananas before dy... #Opcional #Uncategorize
Origin, Varieties, and Cultivation Practices of Bananas and Plantains
Banana plants belong to the family Musaceae. They are primarily cultivated for their fruit, and to a lesser extent for the production of fibre and as ornamental plants. Due to their size and structure, banana plants are often mistaken for trees. The main or upright growth is known as a pseudostem, which, in some species, can reach a height of 2–8 meters, with leaves extending up to 3.5 meters in length. Each pseudostem produces a single bunch of bananas before dy... #Opcional #Uncategorize
Origin, Varieties, and Cultivation Practices of Rubber
Hevea brasiliensis, commonly known as the rubber tree, is a tropical species native to the Amazon Basin in Brazil and neighboring countries. In the early stages, particularly up to about 1910, most rubber was harvested from "wild trees" growing in the Amazon Basin. Other natural sources of rubber, such as Ficus elastica, were also found in the Congo Basin of Africa. Rubber cultivation spread from the Amazon to South Asia (Sri Lanka) and Southeast Asia (Singapore an... #Opcional #Uncategorize
Farm Business Analysis in Agricultural Enterprises
Farm business analysis is the process of retrieving, organizing, processing, and analyzing information used in farm business decision-making. It plays a crucial role in the management of modern agricultural enterprises. Managers must respond swiftly to changes in the prices of inputs and products to maintain farm profitability. Knowledge of farm business analysis is essential not only for maintaining profitability but also for capitalizing on available credit ... #Opcional #GeneralAgricultur
Farm Balance Sheet
A balance sheet is a farm account that shows the financial health of a farm at a specific point in time. It balances the assets against liabilities and owner’s equity. The difference between total assets and total liabilities is known as owner’s equity or net worth. The magnitude of the net worth of a farm enterprise is significant to financial institutions, making it a key determinant of credit facility availability. Read Also: Rabbit Hutch Equipment... #Opcional #GeneralAgricultur
Meaning and Importance of Farm Accounts Statement
Valuation and depreciation are essential tools for assessing the profitability of a business enterprise. These elements are critical in preparing the farm accounts that reveal the profitability of a farm business, specifically through the profit and loss statement. Read Also: Required Husbandry Skills of Rabbit Production Meaning and Importance of Farm Income Statement or Profit and Loss Statement Farm income refers to profits and losses incurred th... #Opcional #GeneralAgricultur
Meaning and Importance of Depreciation in Farm Products
Fixed or long-term assets are not consumed entirely in one production process but are gradually used over a period of time, referred to as their estimated lifetime or lifespan. The provision for depreciation is essential due to the loss in the value of assets that occurs from wear and tear and obsolescence. Farm managers must account for depreciation to ensure that assets can be replaced once their lifespan expires. Read Also: Guide To Your Rabbit Housing... #Opcional #GeneralAgricultur
Meaning of Farm Assets Valuation
Farm assets must be valued at least once a year, typically at the end of the accounting period for a specific farm. Depreciation of assets is essential for farm accounting to ensure the balance sheet reflects the true value of assets and to avoid overestimating the net farm income or farm profit. Meaning and Importance of Valuation A. Definition of Assets Assets are items that hold monetary value and are owned by the agribusiness enterprise. Assets are c... #Opcional #GeneralAgricultur
Meaning of Total Cost and Its Components in Agribusiness
The cost of production refers to expenditures on inputs or resources employed in a production process. In other words, the sum total of rent, wages, and interest on borrowed funds constitutes the total cost of production. The total cost of production has two main components: total fixed cost and total variable cost. Total Fixed Cost (TFC) and Total Variable Cost (TVC) in Agribusiness Total fixed cost refers to the costs of fixed inputs, or resources, whose ... #Opcional #GeneralAgricultur