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Production Economics and Farm Management

Production Economics and Farm Management

Production Economics and Farm Management

This note explains the following topics: Production Economics, Nature and scope of Agricultural Production Economics, Basic concepts and terms, Meaning and types of production functions, Laws of returns, Factor-product relationship, Determination of optimum input and output, Factor-factor relationship, product-product relationship, Type of enterprise relationship, Returns to scale: meaning, definition, importance, Farm management ,Typical farm management decisions, Economic principles applied to the organization of farm business, Types and systems of farming, Cost concepts and farm efficiency, Farm planning and budgeting, Risk and uncertainty, Linear programming: Assumption, advantages and limitations of linear programming.

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s71 Pages
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