About Lesson
- Farm management comprises of two words; farm and management. Literally ‘farm’ means a piece of land where crops and livestock enterprises are taken up under a common management and has specific boundaries. ‘Management’ means the act or art of managing.
- According to Gray, the art of managing a farm successfully, as measured by the test of profitableness, is called farm management.
- In simple words, farm management can be defined as a science which deals with judicious decisions on the use of scarce resources, having alternative uses to obtain the maximum profit and family satisfaction on a continuous basis from the farm as a whole and under sound farming programmes.
- In other words, farm management seeks to help the farmer in deciding problems like what to produce, how to produce, how much to produce and when to buy and sell and in organization and managerial problems relating to these decisions.
