@article{Betker:345716,
      recid = {345716},
      author = {Betker, Terry},
      title = {NPR - Farm Management Plans},
      address = {2013},
      series = {IFMA19},
      pages = {7},
      year = {2013},
      note = {Nineteenth International Farm Management Congress, Warsaw,  Poland, 2013},
      abstract = {Farmers have been encouraged, for many years, to apply a  more formal and rigorous planning approach to their  business management functions. The preferred documents  accompanying the planning are strategic plans or business  plans. Setting a strategy refers to developing a plan that  documents where a farmer sees his or her business in the  future and what management and investment decisions have to  be made to attain the vision. Business plans are more  focused on a specific concept or project, usually within a  defined timeline. The two planning functions can exist on a  standalone basis but more typically, one would expect a  business plan to harmoniously be working toward achieving  the longer term strategy. Strategic plans will generally  have a five year horizon with a three to five year focus  for business plans. Plans that have a one year timeline are  usually more operational in nature. Having an operational  plan would be a minimum expectation. But the reality is  that the majority of farms have no formal plans at all.  Farmers will have operational plans but they reside in  their heads. The absence of any formal planning hierarchy  does not, in itself, result in failure. In fact, many farms  have been very successful with no written plans at all.  This paper will not argue the relative merits of strategic,  business or operational plans. It will present an alternate  approach to planning.},
      url = {http://ageconsearch.umn.edu/record/345716},
      doi = {https://doi.org/10.22004/ag.econ.345716},
}