Explore the importance of farm budgeting in agr... - JSS1 Agricultural science Farm Budgeting and Financial Management Question
Explore the importance of farm budgeting in agriculture.
Farm budgeting is crucial in agriculture as it:
- Optimises Resource Allocation: Helps farmers allocate resources efficiently, balancing income and expenditure.
- Financial Planning: Provides a roadmap for financial decisions, aiding in achieving economic sustainability.
- Risk Management: Identifies potential financial risks, allowing farmers to implement strategies for risk mitigation.
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