After reading this article you will learn about the valuation of assets and liabilities a farm. Valuation of Assets: 1. Plant and Machinery: In case of agri-business activities processing is an important function for which plants and machinery are installed. The valuation of these assets should be done by an engineer who checks the cost and additions and alternations, expenditures [...]
This article throws light upon the three important capital assets required in a farm. The capital assets are: 1. Farm Buildings 2. Irrigation 3. Farm Machinery. Capital Asset # 1. Farm Buildings: Livestock need to be protected from the in-clemencies of weather. If the livestock is kept in the open it shall require extra energy to fight against rains, heat [...]
After reading this article you will learn about the meaning and procedure of farm planning. Meaning of Farm Planning: "The farm plan is a process for deciding in the present what to do in the future about the best combination of crops and livestock to be raised through rational use of resources." When a new enterprise is established a complete [...]