于农场财务危机中生存.docVIP

经典专科、本科、硕博、研究生、期刊毕业论文 仅供参考 精心整理 仅供参考 勿用作商业用途 河北科技师范学院 毕业论文外文翻译 题 目：于农场财务危机中生存 完 成 人： 指 导 教师： 系（院）别： 专业、班级： 学 号： 完 成 时间：2008年12月19日 河北科技师范学院教务处制 Surviving a Farm Financial Crisis Planning Farm financial survival relies upon good management skills, including a successful production and financial plan. A special effort in developing a careful prepared, thoughtful plan can be well rewarded. In times when net returns decline, the need for careful planning becomes especially critical because the room to overcome problems and still make money becomes slim. Two fundamental tools which can help organize the decision making process and provide a written recording of the planning process are enterprise budgets and the cash flow budget. Enterprise budgets Developing enterprise budgets is a critically important part of a successful production plan. While a lot of data is required for an enterprise budget, reviewing past farm records can be helpful in highlighting areas for improvement. The budgets published by the Kentucky Cooperative Extension Service provide cost and return estimates that serve as an excellent base for developing your own enterprise budgets as well as providing data for making comparisons between enterprises on your farm. Although enterprise budgets have limitations creating a need to consider such additional factors as risk management and whole farm implications of the enterprise mix, enterprise budges are helpful in 1) focusing attention to details, 2)evaluating production alternatives, 3) analyzing different production practices, and 4) providing data for other planning tool such as the cash flow budget. Cash Flow Budgets The cash flow budget is another excellent planning tool useful in farm financial survival. It is helpful in establishing a debt repayment plan and determining borrowing needs. Examining the cash flow budget may highlight ways to restructure debt or rearrange purchases to improve cash flow and reduce interest expense.Financi