This article throws light upon the top four economic principles applied to farm management. The economic principles are: 1. The Law of Diminishing Marginal Returns 2. The Law of Equi-Marginal Returns 3. Law of Opportunity Cost 4. Law of Comparative Advantage. Economic Principle # 1. The Law of Diminishing Marginal Returns: Since agriculture is a productive activity we should be [...]
After reading this article you will learn about:- 1. Analysis of Agricultural Project 2. Types of Agricultural Projects 3. Aspects 4. Economic Analysis 5. Financial Analysis 6. Costs 7. Benefits. Analysis of Agricultural Project: The analysis rests on: (a) Technicians, like agronomists, soil scientists, civil engineers etc. use information and their judgment about the organisation and its administration. The economic [...]
This article throws light upon the six main types of clubbed zones in agro-climatic zones. The types are: 1. Western Himalayan Region 2. Eastern Himalayan Region 3. Indo-Gangetic Plains 4. Southern Plateau 5. Farming in Coastal Plains 6. Western Dry Region. Agro-Climatic Region # 1. Western Himalayan Region: Existing Status: The economic scene of the region is dominated by crop [...]