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State five advantages of budgeting in farm management


State five advantages of budgeting in farm management.



? Facilitates periodic analysis of farm business
? it pin points efficiency and weakness in farm operations.
? It helps to avoid unplanned expenses
? Farm budgets can be used to negotiate for credit.
? It shows progress or lack of it towards the set goals.
? It helps to reduce the degree of uncertainty in the farming operations.
? If helps the farmer to make sound decisions in the farm business
joshua consultants answered the question on December 5, 2020 at 15:00

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