Question

Give an example of a common farm management decision. In what ways would you, the farm manager, assess the relative importance of this decision?

Answer 1

Farm management is a concept of managing and implementing some important decisions for your farm that are used in driving the farm towards profit making.whenever a decision taken for the betterment of the farm the management usually tries to predict the outcomes and also tries to calculate the possible risks associated with that particular decision ,one of the most common decisions taken in farm management is enlarging the farm's size by adding some other crops . Let's assume you are owning a flower farm that grows mainly sunflowers and now you want to expand your business by growing some other types of flowers such as roses,lilies,jasmine etc .So now as a farm manager you will think about 1) the market demand for decorative flowers because so far you have produced sunflowers that are mainly used for oil making and livestock feeding.2) you try to analyse the current trends about decorative flower farming .3)you will think about the storage of flowers that are produced in the vicinity.4)you will try to assess the export services and facilities 5) marketing for the production of flowers should be taken care of 6)think about how much new labour and capital required for establishing a new joint farm 7)think about tie-up with the trustworthy enterprises that make regular and timely payments for the your production 8)think about the climate as it being the most important for farming and make use of availability of alternatives .9)crop management such as weed control tactics and irrigation will be taken care of 10) lastly we think about the actual profit our venture gonna generate.