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picture1_Ppt Production 82269 | Ppc2 Item Download 2022-09-09 22-35-03


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File: Ppt Production 82269 | Ppc2 Item Download 2022-09-09 22-35-03
chapter outline functions of management strategic farm management tactical decision making characteristics of decisions the decision making environment in agriculture farm management chapt 2 er 2 chapter objectives 1 to ...

icon picture PPT Filetype Power Point PPT | Posted on 09 Sep 2022 | 3 years ago
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               Chapter Outline
  • Functions of Management
  • Strategic Farm Management
  • Tactical Decision Making
  • Characteristics of Decisions
  • The Decision-Making Environment in 
    Agriculture
    farm management chapt                        2
    er 2
              Chapter Objectives
    1. To understand the functions of management
    2. To present the steps in developing a strategic 
       management plan for a farm or ranch
    3. To identify common goals of farm and ranch 
       managers, and to explain the steps in the 
       decision-making process
    4. To explain the steps in decision making
    5. To describe some unique characteristics of 
       the decision-making environment for 
       agriculture
    farm management chapt                            3
    er 2
                                 Table 2-1
        Comparison of Low- and High-Profit Farms 
                                  in Iowa
       Item                            Highest Third    Lowest Third 
                                        (Average)         (Average) 
       Value of farm production          $334,981         $241,861
       Net farm income                   $90,800           $2,358
       Return on assets                   10.6%             -1.6%
       Crop acres farmed                    729              802
       Machinery value                   $166,212          $196,490
       Months of labor utilized            16.6              17.6
           Source:  2001 Iowa Farm Costs and Returns
     farm management chapt                                              4
     er 2
        Functions of Management
    • Planning
    • Implementation
    • Control
    farm management chapt                        5
    er 2
                     Planning
    Planning means choosing a course of 
    action.
    To plan, a manager must establish 
    goals, identify resources, and allocate 
    the resources to competing uses.  
    farm management chapt                        6
    er 2
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...Chapter outline functions of management strategic farm tactical decision making characteristics decisions the environment in agriculture chapt er objectives to understand present steps developing a plan for or ranch identify common goals and managers explain process describe some unique table comparison low high profit farms iowa item highest third lowest average value production net income return on assets crop acres farmed machinery months labor utilized source costs returns planning implementation control means choosing course action manager must establish resources allocate competing uses...

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