Farmer's Agribusiness Training Course: Module 5 - Agribusiness Management for Farmer Organisations. Lesson 3: Decision Making - Explicit and Implicit Costs

This Farmers' Agribusiness training course has been developed to help both farmers and farmer organisations. Its intention is to provide access to provide access to additional skills and knowledge that will allow farmers to move from a 'farm' to a 'firm'. This lesson focuses on building skills and economic rationales for decision making under given farming scenarios that may have multiple options. We will spend some time looking specifically at Economic versus Accounting Costs & Relevant Cost Analysis.