fm6e-chapter01 - Farm Management Chapter 1 Farm Management...

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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 New Technology The Information Age Controlling Assets Human Resources Producing to Meet Consumer Demands Contracting and Vertical Integration Environmental and Health Concerns Globalization
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farm management chapter 1 3 Chapter Objectives 1. Discuss how changes in the structure and technology of agriculture will affect the next generation of farm and ranch managers 2. Identify the management 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 Insert figure 1 here, no title Source: Census of Agriculture, USDA.
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farm management chapter 1 6 Figure 1-2 Total sales per farm in 1997 dollars Insert figure 1-2 here, no title Source: Census of Agriculture, USDA. Definition adjusted in 1997.
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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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fm6e-chapter01 - Farm Management Chapter 1 Farm Management...

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