Definition of farm management, Agricultural farm, and Scope of farm management
Agricultural farm may be defined as a piece or pieces of land operated as a single unit of agricultural enterprise under the management of a farmer or an organization.
Or, The lands where agricultural products are produced under the leadership/ supervision of a farmer or an organization is defined as Ma agricultural farm.
Definition of farm management
# Farm management means combining the factors of production and distribution in farm, so as to make maximum continuous profit out of minimum cost.
# According to J.N. Efferson, farm management is defined as the science that deals with organization and operation of farm in the context of efficiency and continuous profit.
# According to G.F. Warren, farm management is the science of organization and management of the farm enterprises for the purpose of securing the greatest continuous profit.
# According to Morehenry, farm management is the study that deals with the business phase of farming.
# According to Bradford and Monson, farm management is a branch of agricultural economics, which deals with wealth earning and wealth spending activities of farmer in relation to the organization and operation of the individual farm unit for securing the maximum possible net income.
In other words, farm management is defined as science that deals with the analysis of farming resources, alternative choice and opportunities within the frame work or resource restriction and social and personal constraints of the farming business.
Scope of farm management
Farm management treats every farm as a separate unit because of differences in the availability of resources, problems and potentialities. The main concern of farm management is the farm as a unit. Farm management deals with the allocation of inputs at the level of individual farms. The objective of farm management is to maximize returns from the farm as a whole. It is interested in the profitability along with practicability. What crops, livestock enterprises and their combination to grow, what amount of resources to be applied, how the various farm activities to be performed, etc., all these fall within the scope of farm management.