What are the objectives of farm management?



Objectives of farm management in agriculture 1. To examine production pattern and resource use on the farm. 2. To identify the factors responsible for the present production pattern and resource use on the farm.

What are the objective of managing the farm?

To achieve self-sufficiency in food production. To increase Agricultural production and income of farmers / farm labours. To promote sustainable use of Natural Resources such as Land and Water. To promote Soil Health Management and Integrated Nutrient Management.

Why are goals important in farm management?

Goals provide focus and direction for management. Attaining high priority goals takes precedence in management decisions. They serve as reference points to monitor how well a business is doing and as a motivation if deadlines are specified. Goals help aid decision making in the face of uncertainty.

What is the meaning of farm management?





farm management, making and implementing of the decisions involved in organizing and operating a farm for maximum production and profit. Farm management draws on agricultural economics for information on prices, markets, agricultural policy, and economic institutions such as leasing and credit.

What are the objectives of Department of Agriculture?

The objectives of the department are as follows: 1. To facilitate the growth of existing & new agricultural products & by-products for local & export sales. 2. To help increase the availability of the resources required for agriculture.

What are the types of farm management?

2.1. 8 Farm management modes

  • Analytical situations within modes.
  • FIGURE 2.1 – Relationship between the Four Modes of Farm Management Activity.
  • Type 1: Small subsistence-oriented family farms.
  • Type 2: Small semi-subsistence or part-commercial family farms.
  • Type 3: Small independent specialized family farms.

What are the main objectives of the firm?

The six business objectives are:

  • Profit maximisation.
  • Sales maximisation.
  • Revenue maximisation.
  • Surviving in the market.
  • Satisficing principle.
  • Corporate social responsibility.
  • Increasing market shares.





What are the short term objectives?

Short-term objectives are measurable outcomes achievable or intended to be achieved in one year or less. They are specific, usually quantitative, results operating managers set out to achieve in the immediate future.

What are smart goals in agriculture?

While the process of setting goals may sound overwhelming it is actually quite simple. Goals should be “SMART”: Specific, Measurable, Achievable, Relevant and Time-bound.

How important is planning in making a farm?

The planning process helps to: Identify the goals of the farm business (what you want to accomplish); Identify the farm’s inventory and resources (what you have to work with); Assess the farm business and the environment in which it operates (where you are and where you may want to go);

What are the main components of farm management?

Cornhusker Economics December 19, 2018Six Key Components of a Farm or Ranch Business Plan



  • Introduction. A good introduction contains several key subcomponents of information that summarizes what your business is all about. …
  • Land Resource Management. …
  • Equipment and Animal Management. …
  • Marketing Plan. …
  • Human Resources. …
  • Financial.


What are the 4 types of farming?

Types of Farming

  • Arable Farming. Arable farming is a method that involves growing crops primarily in regions that have a warm climate across the year. …
  • Pastoral Farming. …
  • Mixed Farming. …
  • Commercial Farming. …
  • Subsistence Farming. …
  • Extensive and Intensive Farming. …
  • Nomadic Farming. …
  • Sedentary Farming.

What is the importance of farm business?

Financing agribusiness can increase the added value of raw materials, strengthening local rural economies, food security and nutrition, and improving the quality of life in many homes at risk of exclusion and vulnerability.

What are the seven basic principles of farm management?

Farm Management Principles

  • a. Principle of variable proportions or laws of returns.
  • b. Cost principle.
  • c. Principle of substitution between inputs.
  • d. Equi-marginal returns principle or opportunity cost principle.
  • e. Principle of substitution between products.
  • f. Principle underlying decisions involving time and uncertainty.




How do you manage a successful farm?

There are 5 key steps to Take Control of Your Farm:

  1. Get clear on your vision.
  2. Create an Enterprise Breakdown.
  3. Get rid of paper records and create a digital on demand record keeping system.
  4. Plan and budget pasture and expenses.
  5. Dynamically manage stocking rate according to conditions.


What are the farm management decisions?

Managerial decisions in a farm include human resource management (hiring and supervision of casual and permanent labour), utilization of funds, accounts and record maintenance, financial transactions, accessing information required for farm management etc.

What are the responsibilities of a farm manager?

Farm Manager Duties and Responsibilities

  • Make planting and harvesting decisions.
  • Manage the farm budget.
  • Operate large farm equipment.
  • Oversee the sale of crops.
  • Inspect facilities for safety violations.




What makes a good farm manager?

financial awareness to plan and keep to budgets. IT skills. strong planning, organisation and decision-making skills. the ability to get on with people (this is just as important as an interest in farming)

How do you manage a successful farm?

There are 5 key steps to Take Control of Your Farm:

  1. Get clear on your vision.
  2. Create an Enterprise Breakdown.
  3. Get rid of paper records and create a digital on demand record keeping system.
  4. Plan and budget pasture and expenses.
  5. Dynamically manage stocking rate according to conditions.


What are the skills of a farm manager?

A farm manager should possess skills like:

  • Strong decision-making.
  • Problem-solving.
  • Communication.
  • The ability to work with people.
  • Leadership.
  • Administration skills.
  • Knowledge of key equipment practices.