Agricultural Economics

Agricultural Economics/Farm Management

This web site is created to serve as a resource for farmers. It highlights the UCCE farm management/production economics programs conducted in southern California with links to UC statewide programs, nationwide government agencies, as well as commodity groups.

The economics of farm management involves the application of economic principles to optimize the organization and operation of a farm, aiming for maximum profitability and sustainability.

Definition and Importance

Farm management is defined as the science of organizing and managing farm enterprises to secure maximum continuous profits. It encompasses the decision-making processes that affect the profitability of farming operations, including resource allocation, production planning, and financial management. The economics of farm management is crucial as it helps farmers make informed decisions that enhance productivity while ensuring the judicious use of resources.

The area advisor, Etaferahu Takele is responsible for programs in 9 counties in southern California.