Farming has become an increasingly complex and competitive industry. The difficulties of farm planning have increased accordingly for all farmers, but particularly for beginning farmers. Getting started is difficult because of the relatively high capital investment required for purchasing machinery, livestock and other supplies. Too, the problem of finding the most profitable organization of crops, livestock enterprises and farming practices is especially difficult for the beginner because there are many combinations of these possibilities available for different levels of capital. No one of these combinations of enterprises and practices can be used as a standard recommendation to young farmers who have varying amounts of funds. The most profitable crop and livestock plan for the operator with a small amount of capital will not also be the most profitable for the, operator with a larger amount of funds.
Heady, Earl O.; Loftsgard, Laurel D.; Paulsen, Arnold; and Duncan, E. R.
"Optimum farm plans for beginning farmers on Tama-Muscatine soils,"
Research Bulletin (Iowa Agriculture and Home Economics Experiment Station): Vol. 32
, Article 1.
Available at: https://lib.dr.iastate.edu/researchbulletin/vol32/iss440/1