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Farm Management is generally considered to be MICROECONOMIC in its scope. It deals with the allocation of resources at the level of individual farm. The primary concern of the farm management is the farm as a unit.
Farm Management deals with decisions that affect the profitability of farm business. Farm Management seeks to help the farmer in deciding the problems like what to produce, buy or sell, how to produce, buy or sell and how much to produce etc. It covers all aspects of farming which have bearing on the economic efficiency of farm.
raphael answered the question on August 12, 2021 at 05:28