| The most dramatic change occurring in agricultural production is the change in business strategies. In the US, family farmers have traditionally made decisions with whatever information they could independently gather. Today, the ability to assimilate an overload of data into decision making information is difficult. The decision framework is also becoming more complex. The complexity of management challenges includes customer relations, price risk management, environmental regulatory compliance, zoning regulations and nutrient management. Agricultural managers need to comprehend business relationships and extract value from the use of intangible assets such as marketing systems, production alternatives, market chains and strategic planning processes.... |
