Tag Archives | Management of Farms

Economic Principles and Management of Farms

This article throws light upon the top four economic principles applied to farm management. The economic principles are: 1. The Law of Diminishing Marginal Returns 2. The Law of Equi-Marginal Returns 3. Law of Opportunity Cost 4. Law of Comparative Advantage. Economic Principle # 1. The Law of Diminishing Marginal Returns: Since agriculture is a productive activity we should be [...]

By |2016-08-25T16:53:50+05:30August 25, 2016|Agriculture|Comments Off on Economic Principles and Management of Farms
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Management of Farms

After reading this article you will learn about:- 1. Sources of Farm Management 2. Sampling Procedure of Farm Management 3. Methods 4. Suggestions 5. Alternative Means 6. Areas. Sources of Farm Management: The management data is obtained from four major sources: (a) Farm accounts, (b) Farm surveys, (c) Individual farmers, (d) Theoretical farm models. Sampling Procedure of Farm Management: The [...]

By |2016-08-25T16:53:47+05:30August 25, 2016|Farms|Comments Off on Management of Farms
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