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Article Title

Capital Budgeting for Hay Storage Decisions

Volume

50

Issue

6

Abstract

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.

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