Conclusion

Budgets (whole-farm, enterprise, and partial) are management tools to help evaluate the farm business. Like a puzzle, each budget brings to the table an important piece that will help address how available resources best fit together on the farm. Specific questions such as how and what to produce, production levels, and achieving goals can be answered once the puzzle is completed.

Business management requires that producers focus on financial management as much as production performance. Successful managers discover that life is a whole lot easier saving money through budget planning. Goat producers interested in being profitable should expect to do no less.

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