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Farm management is the collective term for various management strategies and methods that are employed to keep a farm productive and profitable. The process of this type of management is often associated with large commercial farms, although many of the same methods can be used with equal success on a small family-owned farm. Farm management is making and implementing of the decisions involved in organizing and operating a farm for maximum production and profit. Farm management draws on agricultural economics for information on prices, markets, agricultural policy, and economic institutions such as leasing and credit. This text details the theory and practices of managing the farm business along commercial lines and are of concern to both farmers and extension workers.
