Financial Management for Agribusiness

Authors: W.J. Obst, R. Graham & G. Christie
Publisher: Scientific Publishers
Language: English
Edition: 1st Edition, 2021
ISBN: 9788172336516
E-ISBN: 9789388148276
Pages: 352
Cover: Hardcover
Size: 6.75 x 9.75 x 1.50 inches
Weight: 910 gms
Book Type: Reference Book

Overview:
"Financial Management for Agribusiness" offers a practical approach to managing financial decision-making in the context of agribusiness, making it an essential guide for farmers, horticulturists, and businesses involved in the agricultural sector. The book covers the entire financial management process, from collecting and recording financial and physical data to preparing comprehensive business plans. The authors provide clear, straightforward examples and practical tips for each step of the financial planning process, ensuring that the reader can implement these strategies in their own businesses.

The book details the necessary steps for proper record-keeping, preparation of financial statements, financial analysis, budgeting, and the handling of taxes, including Goods and Services Tax (GST) and income tax. It also covers succession planning, providing a complete approach to financial management within the agribusiness sector. By utilizing past financial information, businesses can assess various strategies to meet both business and personal objectives.

The process culminates in the creation of a comprehensive business plan that integrates all financial aspects and decision-making strategies.