Widespread adoption of standard definitions of terms in farm business management is essential for farmers, growers, advisers and others in the industry to communicate effectively. There has been much change within and around farm businesses since.
Management techniques, the Common Agricultural Policy, the nature of farm businesses and structure of the industry have all changed, pretty well beyond recognition. Therefore, a third edition of "Definitions of terms in Farm Business Management" has been drafted by Defra economists with a special interestn in farm business management.
This edition might be also useful for the NEAT consortium, so please have a look at the definitions here.