Show keep close track of farm expenses some simple budgeting form Is imperative for good management organization of the farm for more economical management and the use of a budget to determine the needs and income of 0 the owner are two items to be considered by every north carolina farmer in 1032 this thought was dev developed elope 1 I by committees on farm mann management ement and reorganization at the regional meetings held by the agricultural extension service of the state college A simple form of budgeting Is recommended for farm and family receipts and expenses for the next year says the report this budget should consider first those items which the farm itself will produce in the living of the family and should include such items as feed seed food and fuel second the budget should consider those items which must be purchased such as fertilizer taxes hired labor clothing medical care and the like after the minimum cash needs of the farm have been determined the farm business should be studied so that cash enough to meet these needs might be produced by using average yields per acre and production figures every farmer can approximate what be may expect from his land and live stock in one year says it 11 rogers farm management specialist at the state college cash crops crop s should be restricted in 1932 to meet imset the budget requirement of minimum cash for the year and even further if it interferes with producing the entire living at home the coming year is also a period when many needed physical improvements prove ments might be made in the farm equipment much terracing ditching repair work and other improvement pro might be made at little cash outlay mr rogers says the coming season will not offer much in the way of cash income and it Is imperative that the suggestion or of the farmers committees bs be carefully followed |