afm01 - Farm Management Chapter 1 Farm Management in the...

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Farm Management Chapter 1 Farm Management in the Twenty-First Century
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farm management chapter 1 2 Chapter Outline Structure of Farms and Ranches The Information Age Financial Management Human Resources Producing to Meet Consumer Demands Environmental and Health Concerns New Technology
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farm management chapter 1 3 Chapter Objectives 1. To discuss how changes in the structure and technology of agriculture will affect the next generation of farm and ranch managers 2. To identify the skills that future farm and ranch managers will need to respond to these changes
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farm management chapter 1 4 Structure of Farms and Ranches Number of farms in US decreasing Average farm size increasing
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farm management chapter 1 5 Figure 1-1 Number of farms in the United States
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farm management chapter 1 6 Figure 1-2 Total sales per farm in 1997 dollars
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farm management chapter 1 7 Changes in Structure Caused by: Labor-saving technology Greater off-farm employment opportunities Desire of farm operators for higher income High fixed costs of some technology
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This note was uploaded on 11/15/2011 for the course AGEC 7100 taught by Professor Duffy,p during the Fall '08 term at Auburn University.

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afm01 - Farm Management Chapter 1 Farm Management in the...

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