Capital Budgeting for Hay Storage Decisions
This article illustrates a capital budgeting tool that Extension agents and specialists can use to assist agriculture producers when contemplating the construction of a hay storage facility. Capital budgeting is a tool for evaluating the effects of an investment choice on a business. The payback method is a quick and simple capital budgeting procedure. Use of this method requires producers to estimate hay price, facility construction cost, and potential hay loss per year assuming no storage.
Dillivan, K. (2012). Capital Budgeting for Hay Storage Decisions. The Journal of Extension, 50(6), Article 36. https://tigerprints.clemson.edu/joe/vol50/iss6/36