This article throws light upon the five main management exercises before taking final decision on farm. The management exercises are: 1. Appraisal of Farm Resources 2. Appraisal of Land Resources 3. Appraisal of Capital Resources 4. Entrepreneurial Appraisal. Management Exercise # 1. Appraisal of Farm Resources: The basic aim on commercial farms are the minimization of cost and maximization of [...]
This article throws light upon the three important capital assets required in a farm. The capital assets are: 1. Farm Buildings 2. Irrigation 3. Farm Machinery. Capital Asset # 1. Farm Buildings: Livestock need to be protected from the in-clemencies of weather. If the livestock is kept in the open it shall require extra energy to fight against rains, heat [...]
After reading this article you will learn about the meaning and procedure of farm planning. Meaning of Farm Planning: "The farm plan is a process for deciding in the present what to do in the future about the best combination of crops and livestock to be raised through rational use of resources." When a new enterprise is established a complete [...]