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Current Category » Economics of Natural Resources & Farm Management

Characteristics (Attributes) of a Good Farm Plan

The main objective of farm plan is to obtain maximum returns; therefore following attributes are required to possess the farm plan

  1. Good farm plan provides a cropping scheme that includes a most profitable crop as well as some legumes to maintain fertility of soil.

  2. It offers balanced combination of crops and live-stock enterprise leading to profit maximization.

  3. The plan must be able to fulfill the farm and family requirement of the farmer.

  4. The farm plan provides a regular employment and income to farm family and bullock labour, through the development of sounds crop rotations.

  5. It is flexible enough to take advantage of any new technology or source of power.

  6. The plan when it is practically implemented should be resulted into least cost. (i.e. minimum cost).

Current Category » Economics of Natural Resources & Farm Management