Proceedings of the 23rd International Academic Conference, Venice

MISMANAGEMENT AND ITS CONSEQUENCES TO FARM BUSINESS PROSPECT AND SUSTAINABILITY: EVIDENCES FROM COMMERCIAL FAR

ABBA AMINU, ZAYYAD ADAM ABDULLAHI, YUSUF ABDULLAHI MUHAMMED, MANSUR IDRIS

Abstract:

The objective of any business is to make profit, not necessarily maximum profit or super-normal profit but a certain level of profit is necessary if the business is to continue. The business therefore has to be effectively managed in order to achieve this objective. The fundamental cause of failure and ultimate collapse of many businesses be it in the agricultural or non-agricultural sector is traceable to mismanagement. The unique nature and magnitude of farm businesses and thus the disastrous consequences of mismanagement, poses additional challenge to their managers. The main objective of the study was to identify and discussed the causes, manifestations and consequences of mismanagement and suggest means by which it can be mitigated among commercial farms. Data from three (3) commercial farms selected from four northern states of Nigeria were collected, analyzed and discussed as case studies to illustrate the issue in a pragmatic manner.

Keywords: Mismanagement, businesses, Farm

DOI: 10.20472/IAC.2016.023.013

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