Farm Management

Week 1Agustina Shinta

Definition of farm management

• FM is a decision making science. It helps to decide about the basic course of the farming business.

• The basic decisions of the farming business are :(a) What to produce or what combination of different

enterprises to follow(b) How much to produce and what is the most

profitable level of production(c) What should be the size of an individual enterprise,

which, in turn, will determine the best overall size of the farm business

(d) What methods of production should be used(e) What and where to marketA major concern is about adjustments which are

more suitable, profitable, and about exploring new situations and opportunities for maximization of income and satisfying other golas of a farmer.

The constraint in the enviromental conditions

• Land• Capital• Management• labour

Many disiplines can be used on farms with profit

Farm management

agronomy

Animal husbandry

Soil science

Plant breeding

General economic

Sociology

Psychology

etcetera

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