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Economic principles applied to farm management. Tools of farm management analysis. Mechanics of farm planning. Mechanics of linear programming. Financing the farm business.
Whether you are working for government, an NGO or the private sector, if you are an agricultural extension worker who is trying to assist farmers in increasing the profitability of their farms, the material in this booklet should be of help to you.
This book showcases the power of economic principles to explain and predict issues and current events in the food, agricultural, agribusiness, international trade, natural resources and other sectors. The result is an agricultural economics textbook that provides students and instructors with a clear, up-to-date, and straightforward approach to learning how a market-based economy functions, and how to use simple economic principles for improved decision making. While the primary focus of the book is on microeconomic aspects, agricultural economics has expanded over recent decades to include issues of macroeconomics, international trade, agribusiness, environmental economics, natural resources, and international development. Hence, these topics are also provided with significant coverage.
Chapter 1: Characteristics of agriculture. Chapter 2: managerial science in agricultural enterprises. Chapter 3: basic principles of economic analysis in the agricultural enterprise. Chapter 4: methods of obtaining information for analysis and planning of the agricultural enterprise. Chapter 5: standards of measurement for analyzing the agriculturalenterprise. Chapter 6: procedures for analyzing and planning the agricultural enterprise. Chapter 7: Farm management analysis in an integraleconomic development program. Chapter 8: using data on the agricultural enterprise as a guide for future planning. Chapter 9: indices or coefficients for analyzing alternative production lines. Chapter 10: evaluation alternate plans by means of comparative budgets.
Farm Planning with Linear Programming: Concept and Practice focuses on concepts and methods in farm planning. The book first discusses the principles of farm planning, including elements of farm planning problems, summary, and review questions. The text highlights farm planning models. The nature of models; commonly used farm planning models; multiple constraint problems and program planning; problems in applying models; and comments are considered. The book also focuses on the linear programming network; opportunity cost and the simplex method; and analysis of the linear programming solution. The text also explains tableaux construction for short-run planning. Crop and pasture rotations; feed budgeting; buy, sell, and hire activities; and livestock reconciliation are discussed. The book also describes pastoral property applications. Breed comparison; economics of off-farm grazing and spatial diversification; and optimal calving date and lactation length on dairy farms are discussed. The text is a good source of information for agricultural researchers, farmers, and students wanting to study farm management.
As in the first edition, theory and practice are brought together in economies, finance, farm management and marketing in a way which highlights the interrelationships between them. The applied aspects, together with the coverage of marketing and the worked examples make the text uniquely important.
This textbook addresses the main economic principles required by agricultural economists involved in rural development. The principles of 'micro-economics' or 'price-theory' are of relevance to economists everywhere, but this book reinforces the message of their relevance for rural development by explaining the theory in the specific context of the agricultural and food sectors of developing countries. Hypothetical and actual empirical illustrations drawn almost exclusively from such countries distinguish this book from other economic principles texts that draw their examples almost invariably from industrialised countries, and also from books more oriented to the issue of rural development. The first half of the book deals with the underlying principles of production, supply and demand. These are essential tools for the study and management of the agricultural sector and food markets. In the second half, supply and demand are bought together into a chapter of equilibrium and exchange. This is followed by chapters on trade and the theory of economic welfare. In the final chapter it is shown that much of the material in the earlier chapters can be combined by agricultural economists into a system for analysing and comparing the effects of alternative agricultural policies. The ability of agricultural economics to provide a consistent framework for the analysis of policy problems thus enables it to make a key contribution to rural development.
The purpose of this guide is to provide a better understanding of the concept and practice of entrepreneurship. This guide has been prepared for people who want to start a farm business for the first time and for farmers that want to make changes to their farming systems by introducing high value enterprises directed to the market. This guide can also help extension workers be better able to help farmers develop the skills and spirit of an entrepreneur. It is part of a series of booklets on farm business management designed to help extension workers support farmers.