After reading this article you will learn about labour efficiency and capital substitution. On farms to bring more efficiency of labour capital (machinery and equipment's) is substituted for labour. The efficiency is measured in terms of rupees profit to the farm. There are two situations: (a) Unlimited resources. (b) Limited resources. Under the limited resources the economic efficiency is measured [...]
This article provides a study note on agronomic practices. Seed, particularly the new seed, viz., the High Yielding Varieties (HYV) which brought green revolution in the South East Asian countries like India, Bangladesh and Pakistan. The new seed or the HYV demands sound tillage practices, since the yield is much higher than the traditional varieties it demands added cost in [...]
After reading this article you will learn about the management of resources of a farm:- 1. Management of Land 2. Management of Problematic Soil 3. Irrigation 4. Labour 5. Machinery and Equipment. Management of Land: The concept of land is wide and according to Alfred Marshall leud is defined as "The material and the forces which nature gives freely for [...]