A Note on "Cost Concept and Family Labour in Farm Management Studies "

THE various cost concepts developed in the studies. "Economics of Farm Management" sponsored by the Directorate of Economics and Statistics, Ministry of Food and Agriculture, appear to be due to the diverse opinions held as to the inclusion in the cost of crop production, of the items like rent of land, interest on owned capital, family labour, etc. Of the coat concepts, 'A1' includes all costs except rent on land, interest on owned capital and family labour, while 'A2' includes rent of leased-in land in addition to cost 'Al'.