By M. Buckett (Auth.)
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Additional resources for An Introduction to Farm Organisation & Management
Hill a n d m o u n t a i n areas are particularly good examples. O n entry t o t h e E E C t h e U n i t e d K i n g d o m was able t o c o n t i n u e t o give s u p p o r t to hill cattle a n d hill sheep farmers t h r o u g h a p a y m e n t b a s e d o n n u m b e r s of stock. T h e p a y m e n t of increased capital grants c o m p a r e d t o o t h e r areas was also possible. 2 . 3 . 9 . Socio-economic Advice T h e i n t r o d u c t i o n of socio-economic advice t h r o u g h t h e E E C was particularly valuable to farmers in less-favoured areas.
It c o u l d b e t h a t n e w t e c h n i q u e s c o u l d result in greater efficiency at p r o d u c t i o n levels w h i c h are forced o n farmers by G o v e r n m e n t i n s p i r e d control m e c h a n i s m s . T h e progress w i t h i n t h e agricultural i n d u s t r y h a s n o t only c o n t r i b u t e d t o surpluses b u t h a s b r o u g h t o t h e r p r o b l e m s . I n c r e a s e d intensity of p r o d u c t i o n h a s r e q u i r e d higher m a n a g e m e n t s t a n d a r d s .
I n p u t s in R e l a t i o n t o M a x i m u m P r o f i t T h e f a r m e r h a s t o establish h o w m u c h of a n i n p u t factor such as fertiliser t o use to p r o d u c e m a x i m u m profit. In o t h e r w o r d s h e requires t o k n o w t h e p o i n t in Stage 2 of Fig. 9 at w h i c h h e s h o u l d p r o d u c e . E x a m i n a t i o n of T a b l e 1 t o g e t h e r with Fig. 8 reveals t h a t t h e m a r g i n a l increase in t h e value of grain p r o d u c e d exceeds t h e i n c r e m e n t a l cost of nitrogen associated with it u p Basic Economic Principles of Production 37 t o a n a p p l i c a t i o n of s o m e w h e r e b e t w e e n 185 a n d 190 kg/ha.
An Introduction to Farm Organisation & Management by M. Buckett (Auth.)