Madras Agricultural Journal
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Optimum Resource Allocation for Maximising Farm Income

Abstract

                                Increasing agricultural production is crucial for overall economic development of India. Agriculture received high priorities in the Five Year Plans and efforts were not lacking in organising a big push in Agriculture. Various schemes both technological and institutional have been implemented. However, shortages in supply of farm products exist and a major section of farms remain inefficient. Of the many causes attributed, the inefficient allocation of scarce resources of the farms among competing enterprises needs careful examination. It is reckoned that farmers can reach higher levels of efficiency in production even with present resources and technology by careful farm planning. The farm planning approach endeavours to put each resource of the farmer to the best use.

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