Download or read book Managing Farm Finances (Classic Reprint) written by Harald Christian Larsen and published by Forgotten Books. This book was released on 2018-01-09 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Managing Farm Finances Many farmers, of course, ran into hard luck. They were sick or had sickness in the family. They had accidents, or their crops or livestock were hit by disease or storms, floods destroyed their build ings and crops, or some other disaster overtook them. Good manage ment can help to lessen the severity of these misfortunes but it cannot prevent them. To be successful, farmers must know how to acquire their farms, livestock, machinery, and other items on a sound basis; they must know how to make them produce a good income (not merely produce commodities); and finally, they must knowhow to invest that income wisely. This combines both proper management of the physical property on'the farm and wise financial management of the farm business. Financial management deals with the management of money. It deals with how a farmer gets his money, whether from farm income or from borrowing; and what he does with his money, whether he spends it or lends it out to someone else. It also deals with money, whether he saves it as cash or whether it is saved in the form of an equity in property. His decisions on how to handle the flow of money into and out of the farm business, as well as his decisions on how to handle the fund of money represented by cash or an equity in farm property is financial management. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.