Farm Manager As A Factor of Agricultural Production | Functions (Characteristics) of Agricultural Production

FACTORS OF PRODUCTION 

Land, labour, capital and management are the most essential elements or factors of production in agriculture. For productive purposes, the four (land labour, capital and farm manager) are employed in combination.

MANAGEMENT (FARM MANAGER) 

Farm manager is one of the factors of agricultural production that organizes, manages and coordinates all other factors of agricultural production. Farm manager minimums cost and maximums production in order to make profit.

The reward is profit and loss.

FUNCTIONS (CHARACTERISTICS) OF FARM MANAGER

The functions of farm manager are as follows,

1. He/she provides capital.

2. He/she bears the risk of business.

3. He/she formulate business policies.

4. He/she makes the business decisions.

5. He/she coordinates other factors of production.

6. He/she determines what to produce.

7. He/she employs labour.

QUESTION

1. Farm manager organizes and manages all other factors of Agricultural production. Discuss.

2. State and discuss 5 functions of agricultural production.

3. Discuss how farm manager minimize losses an maximize profits.