You are here:
Home: Agricultural Economics: FARM MANAGEMENT AND ENTERPRISE BUDGETS
About farm management and enterprise budgets
by Lize Ferreira
Farm management comprises all the processes that are concerned with the management of the production factors of a farm business, namely land, labour, and capital, in order to attain certain objectives.
The Directorate: Agricultural Economics concentrates mainly on capital as a production factor. Various computer programs and models are used to draft enterprise budgets for a variety of enterprises.
Enterprise budgets are a very handy tool when planning a new enterprise or determining the profitability of an existing enterprise.
We can either use a standard enterprise budget as a template for a specific farm business, or we can design a new enterprise budget that takes your unique circumstances into consideration.
