The Farm as a Commercial Enterprise

This book provides a simple introduction to farming as a commercial enterprise. It explains the concepts of fixed and variable costs, gross margins and ways to measure profit. The effect of supply and demand on market prices is explored together with the concept of being an entrepreneur. Each chapter includes examples and exercises for which solutions are given at the end. The book can be used as a basis for training courses or it can be used for self-study. There is a companion volume called Farm Accounting.

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