Financial Statements

A conservation easement is a right or power which a landowner gives to a third party. Landowners may choose to donate easements for a variety of reasons, including tax benefits and/ or an interest in land conservation for environmental or other concerns. This guide walks through some legal considerations for landowners interested in leasing land with an easement for agricultural use.

The following guidelines will help your 4-H group fulfill its responsibilities for properly handling public funds.

Enterprise budgets provide invaluable information regarding individual enterprises on the farm. This tool enables the farm manager to make decisions regarding enterprises and plan for the coming production year. The enterprise budget uses farm revenue, variable cost, fixed cost and net income to provide a clear picture of the financial health of each farm enterprise. The 2008 Maryland enterprise budgets were developed using average yields and estimated input cost based upon producer and farm supplier data. The figures presented are averages and vary greatly from one farm to the other. It is therefore crucial to input actual farm data to complete enterprise budgets for your farm.

This publication revisits traditional household budgeting discussions in economics textbooks during 1970 and 1980; notably, Paul Samuelson (1976) to derive a basic framework, a 3-step approach for community educators to teach limited income consumers how to budget their incomes. This basic framework construes budgeting in a narrow sense that enable limited income consumers to Estimate, Evaluate and Allocate income to goods and services with the intention to acquire savings.