This article throws light upon the five main management exercises before taking final decision on farm. The management exercises are: 1. Appraisal of Farm Resources 2. Appraisal of Land Resources 3. Appraisal of Capital Resources 4. Entrepreneurial Appraisal. Management Exercise # 1. Appraisal of Farm Resources: The basic aim on commercial farms are the minimization of cost and maximization of [...]
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