The Farm Business Management Education Program is concerned with the organization of a farmer's resources in such a way as to assist the family in meeting their family and business goals. Often these goals involve generating new profit. Good management requires a sound knowledge of economic principles because they are the framework for farm operation and organization.
Good management ties all sections of a farm business together.
It provides a perspective, showing the relationship of all parts to one another, and to the whole farm business. Good management also requires a knowledge of farm practices and agriculture science, as well as new developments in the field. Management must understand various alternatives that can be used in decision making. Farm business management instruction is concerned with the development of a farmer's knowledge of economic principles and with the decision-making process. The object of the instruction is to help farmers apply these approaches or sets of principles to their business in such a way as to meet their goals.