Upon completion of this course, students will be able to:
1. Understand the principles of decision making in farming;
2. Understand farm planning and control methods and their applications to achieve farmer goals;
3. Understand farm records and their use in farm planning.
Functions of farm management, types of decisions and the decision making process in farming; Economic principles of farm management; Farm planning and control methods: budgeting techniques (whole farm, partial, gross margin and cash flow), linear programming and sensitivity analysis; Farm records: production, financial and inventory records; Valuation of inventory and depreciation calculations.
Yang, W. Y., Methods of farm management investigation, in: FAO Agricultural Development Paper No. 80, Rome, Italy, 1965.
Barnard, C. S., Nix, J. S., Farm planning and control, Cambridge University Press, Cambridge, UK, 1990.
Continuous assessment 40%
Written examination 60%
Phone: +675 473 4999 Fax: +675 475 7776
