Principles of Agricultural Economics:Aspect of Development

Doctoral Thesis / Dissertation from the year 2013 in the subject Agrarian Studies, grade: 4.0, ( Atlantic International University ) (BUSINESS STUDIES AND ECONOMICS), course: Development Studies, language: English, abstract: Improved agricultural systems need management skills such as planning and coordination of activities. Undesirable practices such as unbalanced utilization of resources, poor timing of activities lead to poor performance in the agricultural sector. Dynamic scheduling of activities, proper factor combinations, have limited production processes and production potential. Unpredictability changes within the changing environment as witnessed by hazards, weather, resource failure among other factors necessitates the dynamic scheduling systems to allow high conditions of production performance. Lack of efficient processes in regard to resources and activities that are coherent within the prevailing circumstances has always led to supply shock which ultimately affects other areas such as the industrial sector. Viability of agricultural production requires appropriate management strategies and adopting appropriate practices so as to maintain and increase the profitability of production ventures in a sustainable manner.