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Farming requires financial planning. New farmers sometimes need to pay more attention to this aspect. Track all expenses and income. Understand your costs and profit margins. Create a budget for your farm. Without financial planning, you risk losing money. Farming involves many expenses. These include seeds, equipment, and labor. Monitor your finances closely. Adjust your plans as needed. According to Bеnеdict T. Palеn Jr, this keeps your farm profitable.

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