Partial Budgeting: A Tool to Analyze Farm Business Changes

Robert Tigner ( August, 2018 )

Summary

Business owners must often make decisions about changes they are either contemplating making or that have to be made. Many of the decisions are incremental, such as adding land, expanding or reducing an enterprise or changing how an enterprise is managed. The partial budget is a useful tool for farm managers when these situations arise.A partial budget helps farm owners/managers evaluate the financial effect of incremental changes.

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