Horti-Business Management (2+0)

Types of plans based on Time Frame

Planning is future oriented. Depending on the time horizon in future, plans are classified as;

• Long term plans – It has a time span of above five years. Long term plans focus on greater changes and achieving the mission of the firm. Ex: Establishment of processing industry, purchase and hiring tractors and farm implements, establishment of fruit orchards, establishment of organic farms etc., which require huge investment and longer period to implement and attain sustainability.
• Intermediate term plans – It has a time span of 3 – 5 years and they focus on achieving the intermediate goals of the firm. Buying smaller or medium sized farm and processing machineries, livestock etc., could be achieved through medium term plans
• Short term plans – It has a time span of 6 – 18 months. It is about the crops to be cultivated in a season or year, maintenance of livestock and farm machineries.