Show THE FARM BUDGET by DAN H OTIS agricultural director american america bankers association i inventories aid in the formation formati oi 1 I of a farm budget some banks as well as the farm credit administration recommend outlining in advance the method of 0 using production loans under this plan provision is e I 1 made tor for monthly P expenditures and funds are granted to the borrower in accordance with 14 the budget plan the budget helps to show how loans can be repaid with the accumulated 0 H OTIS data from previous inventories and budgets budget making becomes easier and more inore accurate and valuable As one branch of the farming plant requires more expenditure such as astor tor for new machinery fencing livestock etc it may be necessary to limit other branches in order to meet these pressing requirements the budget helps to formus formulate ite a financial program it Is of 0 special lm importance in arranging to meet special or large expenditures it if the in income come and expenditures are carefully budgeted it prevents the spending of money needed for interest and taxes before the time of their payment arrives it helps to provide a reserve the agricultural commission of the american bankers association feels that this type of work is so important that special emphasis has been placed upon the field of farm inventories i budgets and credit statements as wi on of its national projects tor for farm aid I 1 |