Course Objectives

• 1. To know the way forward for an efficient production.
• 2. To determine the the combinations of most profitable amount of inputs.
• 3. To estimate how the production will respond to a change in the price of output

CO, PO Mapping

Course Syllabus

Theory

Meaning and concept of farm management, objectives and relationship with other sciences. Meaning and definition of farms, its types and characteristics, factor determining types and size of farms. Principles of farm management: concept of production function and its type, use of production function in decision-making on a farm, factor-product, factor-factor and product-product relationship, law of equimarginal/or principles of opportunity cost and law of comparative advantage. Meaning and concept of cost, types of costs and their interrelationship, importance of cost in managing farm business and estimation of gross farm income, net farm income, family labor income and farm business income. Importance of farm records and accounts in managing a farm, various types of farm records needed to maintain on farm, farm inventory, balance sheet, profit and loss accounts. Meaning and importance of farm planning and budgeting, partial and complete budgeting, steps in farm planning and budgeting. appraisal of farm resources, selection of crops and livestock’s enterprises. Concept of risk and uncertainty occurs in agriculture production, nature and sources of risks and its management strategies, Crop/livestock/machinery insurance – weather based crop insurance, features, determinants of compensation. Concepts of resource economics, differences between NRE and agricultural economics, unique properties of natural resources. Positive and negative externalities in agriculture, Inefficiency and welfare loss, solutions, Important issues in economics and management of common property resources of land, water, pasture and forest resources etc.

Practical

Computation of depreciation cost of farm assets. Application of equi-marginal returns/opportunity cost principle in allocation of farm resources. Determination of most profitable level of inputs use in a farm production process. Determination of least cost combination of inputs. Selection of most profitable enterprise combination. Application of cost principles including CACP concepts in the estimation of cost of crop and livestock enterprises. Preparation of farm plan and budget, farm records and accounts and profit & loss accounts. Collection and analysis of data on various resources in India.

Session 1

L1 FMP

Session 2

L2FMP.

Session 3

L3FMP

Session 4

L4 FMP - Copy

Session 5

L5 FMP

Session 6

L6 FMP

Session 7

L7 (2)

Session 8

L8FMP

Session 9

L8FMPL9FMP

Session 1O

L10 L 11 FMP - Copy

Session 11

L10 L 11 FMP - Copy

Session 12

L12FMP

Session 13

L13 L14

Session 14

L14FMP -

Session 15

L15FMP

Session 16

L16FMP

Session 17

L17FMP

Session 18

L18FMP

Session 19

L19FMP

Session 20

Practical

p1 to p10

Farm MANAGMENT practical manual_compressed (1)

E- Material

Farm Management- Notes (Sudhakar Tripathy)- 6th Semester

(2)AgEcon122FSM

 Question Bank

FMPE(8th)May2018

view-source:http://www.geekmcq.com/agriculture/farmManagement/19

http://krishikosh.egranth.ac.in/handle/1/5810055588

Reference Books

1. Johl, S.S. and Kapoor, T.R. (1973), Fundamentals of Farm Business Management,
Kalyani Publishers, Ludhiana.
2. Sankhayan, P.L. (1988), Introduction to the Economics of Agricultural Production,
Prentice Hall of India Private Limited, New Delhi-110 001.
3. Raju, V.T. and Rao, D.V.S. (1990), Economics of Farm Production and Management,
Oxford & IBH Publishing Co. Pvt. Ltd., New Delhi-110 001.
4. Dhondyal, S.P. (1985), Farm Management, Friends Publication Meerut (India).
5. Kahlon, A.S. and Karam Singh (1992), Economics of Farm Management, Allied
Publishers, New Delhi.
6. Doll, John P. and Orazem. F. (1984), Production Economics: Theory with Application,
John Wiley and Sons, New York.