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Advantages of budgeting in farming
- It helps the farmer in decision making.
- It enables the farmer to predict future returns so as to plan ahead.
- It helps the farmer to avoid incurring losses by investing in less profitable enterprises.
- It enables farmers to secure loans from financial institutions.
- It ensures a periodic analysis of the farm business.
- It acts as a record which can be used for future reference.
- It pinpoints efficiency or weaknesses farm operations.
john3 answered the question on December 14, 2017 at 08:03
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