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Measuring and Analyzing Farm Financial Performance

Alan Miller, Craig Dobbins, Michael Boehlje, Freddie Barnard and, Nicole Olynk (2015)

Summary

One of the responsibilities a farm business manager has is evaluating and monitoring financial performance. In order to successfully accomplish this task, the manager must decide how the evaluation will be conducted, collect data that accurately reflects the performance of the business, and develop a set of standards or benchmarks for measuring performance. If performance is not satisfactory, management must identify and implement adjustments that will lead to improved performance.