Farm Management, Production and Resource Economics (B.Sc Agriculture)

Farm planning, budgeting, production functions, farm records and resource economics.

6 MonthsDuration 6Chapters26Topics

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Syllabus · पाठ्यक्रम

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01Unit 1: Farm Management - Meaning, Scope and Decisions 4 topics

Definition and scope of farm management
Relationship with other sciences
Farm management decisions
Characteristics of farming as a business

02Unit 2: Production Function and Economic Principles 6 topics

Production function and law of diminishing returns
Three stages of production
Factor-product relationship
Factor-factor and least cost combination
Product-product relationship
Opportunity cost, equi-marginal and comparative advantage principles

03Unit 3: Farm Planning, Budgeting and Records 4 topics

Farm planning: steps
Partial and complete budgeting
Linear programming in farm planning
Farm inventory, records and accounts

04Unit 4: Cost Concepts and Farm Efficiency Measures 4 topics

Fixed and variable costs
Cost A1, A2, B1, B2, C1, C2, C3
Gross income, net income, family labour income
Farm efficiency measures

05Unit 5: Risk and Uncertainty in Farming 4 topics

Types and sources of risk
Risk versus uncertainty
Risk management: diversification, insurance, contract farming
PMFBY and crop insurance

06Unit 6: Resource Economics 4 topics

Natural resources: renewable and non-renewable
Common property resources
Externalities and market failure
Sustainable use of land, water and forests

About

You will be able to

Explain the meaning, scope and decision areas of farm management
Apply production function concepts and economic principles (factor-product, factor-factor, product-product)
Prepare farm plans and budgets and maintain farm records and accounts
Work out cost concepts (A1, A2, B1, B2, C1, C2, C3) and farm income measures
Explain risk and uncertainty in farming and ways to manage them
Explain resource economics: renewable and non-renewable resources, externalities and common property

Who it is for

B.Sc (Hons.) Agriculture students of Semester 6 (ICAR 5th Deans' Committee syllabus)
Students of agriculture colleges affiliated to UP state universities and agricultural universities
Students preparing for ICAR-JRF (agricultural economics), bank AFO and agriculture officer exams

What you need

Fundamentals of Agricultural Economics (Semester 1)

Questions

Which syllabus does this course follow?

The course follows the ICAR 5th Deans' Committee B.Sc (Hons.) Agriculture syllabus used by UP agricultural universities (CSAUAT Kanpur, ANDUAT Ayodhya, SVPUAT Meerut, BUAT Banda) and agriculture colleges of UP state universities. Where your own university syllabus differs, the centre follows your university syllabus.

Are numericals important?

Yes. MPP, optimum input use, cost concepts and farm income measures are practised with examples.

Is farm budgeting taught practically?

Yes. A complete budget for a 1 ha farm of UP is prepared in class.

Do you give tests?

Yes. Unit tests and model papers are given.