Importance of a budget to a farmer

1. To estimate required production resources in form of labor, capital and inputs.
2. To estimate profitability of the farm enterprise.
3. To attract funding from money lenders such as banks
4. To direct or control expenditure in the business to enable high profitability.
5. To provide basis of performance appraisal
6. To exploit idle resources
7. To set goals and provide direction to the managers of the farm.

Good Day

Dr. Bbosa Science