Abstract
S UCCESS in family farm firms requires that the household farmmanagement complex make concurrent production and financing decisions to achieve realistic financial objectives set by the household. Economic theory of the firm has not evolved usable models in which the dynamics of production, capital, and finance are integrated [1, 5]. However, the increased rate of change in the mix of inputs used in production and marketing, lower profit margins per unit of output, firm growth, and income tax considerations are suggesting that researchers need improved insights on financial management, and farmers need improved financial management knowledge and skills. This paper is addressed to the newer areas of financial management in family-sized farm firmnns, a subarea and interrelated area of farm management.1
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