Course Content
Introduction to farm management
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Introduction
Different definition of farm management
What makes a successful farm manager?
Farm manager and farm entrepreneur
Characteristics /Nature of farm management
Scope of farm management
Importance of farm management
Farm management in relation to other science, farm management and farming systems
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Introduction
Farm Management
Production economics and production relationships
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Production function
Factor-product relationship ( Input-output relationship)
Types of factor- product relationship /Laws of Returns
Three regions of production function
Terminology in production function
Relationship between Total, Average and Marginal products
Elasticity of Production
Factor-Factor Relationship (Input-Input)
Terminology used in Factor-Factor relationship
Characteristics of an isoquant
Types of isoquants
Characteristics of Isocost line
Types of factor-factor relationship
Least cost combination
Product- Product Relationships
Basic Product Relationships
Different types of product substitution with economic decisions regarding the production of output of each type of production.
Terminologies
Production Transformation Curve (PTC)
Iso-revenue line or Price line
Expansion path in product–product analysis
Determination of Optimum Product Combination
Graphic presentation
Principles involved in farm management decisions
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Introduction
Types of decisions
Principles Involved in Farm Management Decisions
Limitations of the Principles involved in Farm Management
Farm planning
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Introduction
Type of farm plans
Steps in Farm Planning
Farm budgeting
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Introduction
Types of Farm Budgeting
Steps in Farm Planning and Budgeting
Differences between Complete and partial budgeting
Farm records, accounts, and their types
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Introduction
Record Keeping System
Types of Farm Records
Farm inventory
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Introduction
Process of taking farm inventory
Methods of Valuation
Depreciation
Measuring financial conditions and farm profits
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Income Statement
Cash flow statement
Balance Sheet
Assests
Liabilities
Farm prices and production efficiency
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Introduction
Classification of farm efficiency measures
Measures of farm income and profit efficiency
Factors affecting farm cost and incomes
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Introduction
Factors affecting farm cost and incomes
Introduction to linear programming
0/2
Introduction
Application of Linear Programming
Risk and uncertainty management
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Introduction
Types of Risk and Uncertainty
Component (types) of Risk
Methods of reducing risk and uncertainty
Difference between risk and uncertainty
Learn Farm Management, Production economics and Planning with Rahul
About Lesson

Different definition of farm management

  1. The art of managing a Farm successfully, as measured by the test of profitableness is called farm management. (L.C. Gray)
  2. Farm management is defined as the science of organization and management of farm enterprises for the purpose of securing the maximum continuous profits. (G.F. Warren)
  3. Farm management may be defined as the science that deals with the organization and operation of the farm in the context of efficiency and continuous profits. (Efferson)
  4. Farm management is defined as the study of business phase of farming.
  5. Farm management is a branch of agricultural economics which deals with wealth earning and wealth spending activities of a farmer, in relation to the organization and operation of the individual farm unit for securing the maximum possible net income. (Bradford and Johnson)
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