University of Maryland Extension

Chapter 2: Economic assessment and risk management

Dale M. Johnson, Extension Specialist, Farm Management

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Dale M. Johnson

Extension Specialist, Farm Management

University of Maryland Extension

Most of the work of a farm is in producing and marketing crops and livestock. But will this effort be economically viable? And what are the economic risks? These are questions that all farm businesses must answer regardless of whether they are for-profit or not-for-profit. To stay in business, the farm must be economically sustainable. To measure economic viability, this chapter will focus on two economic measurements – profit and cash flow.

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