Mock Tests Series
Introduction to Farm Management
Farm management decision making process
Basic concepts in farm management.
Factor - Product relationship
Law of diminishing returns
Cost concepts & interrelations
Economies of scale
Principle of substitution - isoquant, isocline
Expansion path, ridgeline
Product - Product relationship - types.
Equi-marginal returns and Opportunity cost
Concepts of Risk and uncertainty
Management of Important Farm Resources
Farm Financial Analysis - Balance sheet
Farm Investment Analysis - Time comparison principles
Farm planning and control - Elements of planning,
Farm Budgeting
