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Explores budget development methods using expert panels, suggesting increased detail and validity.
The "expert panel" is a less costly method of developing budget information than on-farm collection of data. It provides more detail on the particular technology and inputs used than is typically found when budgets are developed from financial records programs. It acquires more practical validity than budgets based on experimental farm research and economic engineering.
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Christensen et al. (1993) studied this question.
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