Madras Agricultural Journal
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Research Article | Open Access | Peer Review

Optimum Resource Allocation for Maximising Farm Income

Volume : 58
Issue: Jun-jun
Pages: 465 - 474
Published: October 14, 2023
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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.

DOI
Pages
465 - 474
Creative Commons
Copyright
© The Author(s), 2025. Published by Madras Agricultural Students' Union in Madras Agricultural Journal (MAJ). This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium, provided the original work is properly cited by the user.

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