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Farm Management 7th Edition by Ronald Kay , William Edwards,Patricia Duffy
Edition 7ISBN: 978-0073545875Farm Management 7th Edition by Ronald Kay , William Edwards,Patricia Duffy
Edition 7ISBN: 978-0073545875 Exercise 1
What forces have caused farms and ranches to become larger
Which of them are likely to continue
How can smaller businesses compete successfully
Which of them are likely to continue
How can smaller businesses compete successfully
Explanation
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Farm Management:
The term farm management refers to organizing the work of a large commercial farm in a manner that profit can be earned. Better farm management can be achieved by considering the economical, technological and climatic changes in mind.
Forces affecting agriculture:
The forces that affect the structure of agriculture are given below:
• Availability of labor and retain the employees in the organization.
• The high labor costs. It means if the labor costs are higher, then the structure of agriculture gets affected.
• The desire of the farmer to improve the living standards of families of the labor.
• Technical and financial economies of scale are the factor that affects the structure of agriculture. It means if agriculture has old technology, then the structure of agriculture is poor.
Availability of labor and retain the employees are likely to continue because it helps in increasing the production of the products.
Small businesses to compete successfully by hiring the efficient producer for producing the product and offer specialized products and services in order to earn more profit.
The term farm management refers to organizing the work of a large commercial farm in a manner that profit can be earned. Better farm management can be achieved by considering the economical, technological and climatic changes in mind.
Forces affecting agriculture:
The forces that affect the structure of agriculture are given below:
• Availability of labor and retain the employees in the organization.
• The high labor costs. It means if the labor costs are higher, then the structure of agriculture gets affected.
• The desire of the farmer to improve the living standards of families of the labor.
• Technical and financial economies of scale are the factor that affects the structure of agriculture. It means if agriculture has old technology, then the structure of agriculture is poor.
Availability of labor and retain the employees are likely to continue because it helps in increasing the production of the products.
Small businesses to compete successfully by hiring the efficient producer for producing the product and offer specialized products and services in order to earn more profit.
Farm Management 7th Edition by Ronald Kay , William Edwards,Patricia Duffy
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