PREFACE

This book focuses on the Ferguson System Of Financial Analysis in commercial agriculture. Its purpose is to assist farmers, ranchers, agricultural lenders, professional advisers, and students planning agricultural careers in understanding the business and financial prerequisites for achieving maximal Profitability.

The Ferguson System pioneered broad-based application of financial ratio and index performance analyses in commercial agriculture. It represents the first integrated, financial management approach that treats commercial agriculture as a conventional business. Established performance measurement procedures with long histories of successful application in other industries are linked with appropriate agricultural guidelines to enable effective forecasting, analysis, and financial control.

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