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LDP Bagc 0145

The document outlines a course on Farm Management, Production & Resource Economics, detailing various modules and topics covered in lectures. Key areas include the principles of farm management, cost and efficiency measures, farm record keeping, financial statements, risk management, and the economics of natural resources. Each module consists of multiple subtopics with specified lecture durations, emphasizing the importance of effective management in agricultural production.

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Pradeep Joliya
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28 views2 pages

LDP Bagc 0145

The document outlines a course on Farm Management, Production & Resource Economics, detailing various modules and topics covered in lectures. Key areas include the principles of farm management, cost and efficiency measures, farm record keeping, financial statements, risk management, and the economics of natural resources. Each module consists of multiple subtopics with specified lecture durations, emphasizing the importance of effective management in agricultural production.

Uploaded by

Pradeep Joliya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Farm Management, Production & Resource Economics : BAGC 0145

Module Topic Sub topic Minutes Lecture


Module 1 Farm Meaning and concept of farm management, objectives and relationship 60 1
management with other sciences,
Meaning and definition of farms, its types and characteristics, factor 60 2
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,
Input -output Factor-product relationship, 60 3
relation Factor-factor relationship, Product-product relationship 60 4
Law of agri. Law of equi-marginal/or principles of opportunity cost and law of 60 5
Economics comparative advantage.
Cost and farm Meaning and concept of cost, types of costs and their interrelationship, 60 6
efficiency importance of cost in managing farm business and estimation of gross farm
measures income, net farm income, family labour income and farm business income.
Farm business analysis: meaning and concept of farm income and 60 7
profitability, technical and economic efficiency measures in crop and
livestock enterprises.
Module 2 Farm record Importance of farm records and accounts in managing a farm, various 60 8
management types of farm records needed to maintain on farm,Farm inventory,
Farm financial Profit and loss accounts, Balance sheet 60 9
statement Meaning and importance of farm planning and budgeting, partial and 60 10
complete budgeting, steps in farm planning and budgeting-linear
programming, appraisal of farm resources, selection of crops and
livestock’s enterprises
Risk and its Concept of risk and uncertainty occurs in agriculture production, nature 60 11
management and sources of risks and its management strategies,
Crop/livestock/machinery insurance – weather-based crop insurance,
features, determinants of compensation.
Natural resource Concepts of resource economics, differences between NRE and 60 12
economics 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 60 13
resources of land, water, pasture and forest resources etc

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