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in this video were going to be talking about Enterprise budgets the reference material for this video is farm management 9th Edition by K Edwards and Duffy they have a chapter in their book on Enterprise budget Ill give you a link to the book down in the description if you want to get your hands on a good farm management textbook were going to start with their definition of an Enterprise budget Enterprise budget is an estimate of the cost returns and profit for a single activity on a farm so heres the concept we typically have multiple types of budgets and you might have a budget known as a whole Farm budget which is the budget for the entire Farm operation oftentimes the farm operation and the farm household and then you devise a budget for each individual activity on a farm like you might have a vegetable crop and a livestock item on the farm or a row crop on the farm or any mix of the above and the Enterprise budget is a budget for a single activity on that farm and the reason w