Definition of Agricultural farm
An agricultural farm may be defined as a piece or piece 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 are defined as agricultural farms.
Definition of farm management
- Farm management means combining the factors of production and distribution in farms to make maximum continuous profit out of minimum cost.
- According to J.N. Efferson, farm management is defined as the science that deals with the organization and operation of the farm in the context of efficiency and continuous profit.
- According to G.F. Warren, farm management is the science of organization and management of 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 the 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 the science that deals with the analysis of farming resources, alternative choices, and opportunities within the framework 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 resource availability, 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 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 are to be performed, etc., falls within the scope of farm management.