Title: Describe how an AFNR business can minimize waste, maximize efficiency, and increase profits.
Course: Operating the Farm Business (18301-III) > Section: Using Plant and Environmental Science in Agricultural Production

Description should include

- microeconomic principles
- macroeconomic principles
- use of technology
- opportunity costs
- risk management.

Process/Skill Questions:

- How does risk management relate to efficiency?
- How can consultation with a third party help a farm owner evaluate current efficiency and find ways to improve efficiency?