Please enable JavaScript.
Coggle requires JavaScript to display documents.
Production Planning & Budgetting - Coggle Diagram
Production Planning & Budgetting
Objective
Improving standard living of farmer
maximize annual net income
improved resource utilization planning
Planning Procedure
Determine objectives and specify goals
Take an inventory of the physical, financial & human resources available
Identify possible enterprises and their technical coefficients
Estimate gross margins for each enterprise
Choose a plan—the feasible enterprise combination the specified goals
Develop a whole-farm budget that project the profit and resources needs
Components of Farm Planning
Budget Planning
Study market price
Identify source of production
Determine the cost of production resource
Design Farm Operations
Prepare farm layout
Prepare work schedule
Provide physical and financial records
Types Of Budgets
Partial Budgets
Whole Farm Budgets
Enterprise Budgets
Types Of Cost
Variable Cost
Fixed Cost