Enterprise and Whole Farm Budgeting
Budgeting for any business is a good discipline whatever the economic climate - in difficult times it is essential. Budgets can fulfil many functions:- They can give an organised framework to the proposed farming policy for the coming year and provide a basis for monitoring progress throughout the period;

They can provide the farmer or manager with the basis of highlighting the key areas requiring his attention for successful achievement of the proposed plan; They can give confidence to others that management of the business is under control and that actual variances from budget can be identified early and corrective action taken;