Advantages of Farm Budgeting

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Advantages of Farm Budgeting

Advantages are as under

  • It evaluates the old plan and guides the farmers to adopt a new farm plan with advantage.

  • It makes the farmer conscious of the waste (leakage) in the farm business.

  • It gives comparative study of receipts, expenses and net earnings on different farms in the same locality and in different localities for formulating national agricultural policies.

  • It guides and encourages the most efficient and economical use of resources.

  • It serves as valuable basis for improvements in farm management practices.

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