Book Review ‘Farm Economics & Management in Malaysia: Principles and Practices’ (Malay Version)
Journal Title: Scholarly Journal of Psychology and Behavioral Sciences - Year 2018, Vol 1, Issue 4
Abstract
Written by Mohd. Ghazali Mohayidin and Habibah Rohany, the writing of this book focuses on the systematic use of plantation management systems, especially on matters relating to storing records such as balance sheets, income statements to facilitate those involved with farm management to make an analysis of the profits or efficiency of farm management that during this is ignored. Each reader of this book is either a student at a higher education center, an agricultural officer, an expansion agent, an estate manager or a farmer who owns small plantations individually or in groups is expected to benefit from this book. This book contains examples taken from local plantation practices and practices to facilitate readers understand the economic theories and management concepts that play an important role in the success of the plantation system in Malaysia. There are five divisions in this book. Part 1 introduces the function and role of plantation management in the plantation system. This section also explains several types of plantation systems practiced in Malaysia. Generally, the agricultural production system in Malaysia has three different sectors, namely the smallholding sector, the plantation sector organized by the government and the estate sector. These three sectors each need different management systems. Part 2 in Part I shows examples of the three sectors. Chapter 3 explains the need for research on plantation systems to enable plant and livestock systems to be repaired. This is important because technologies formed in a area may not be suitable for any other area. Part II outlines the fundamental economic principles and concepts of farm management. Knowledge of economic principles can facilitate decision-making, especially in terms of minimizing costs or maximizing profits. The methods and techniques of planning discussed in Part III of business sector budgeting, partial budgeting, planning and budgeting throughout the farm and cash flow budgeting are important techniques or techniques in managing the estate efficiently. These tools are also useful to help managers or farmers decide on their daily business dealings.
Authors and Affiliations
Uqbah Iqbal
Keywords
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- EP ID EP582560
- DOI 10.32474/SJPBS.2018.01.000120
- Views 55
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