Having a thorough knowledge on the fundamental aspects of any subject is essential to analyze and understand its advanced versions. The same is conceptualized in this textbook entitled, 'Farm Managerial Economics', as it deals with all the basic economic concepts of farm management in a more analytical manner. Though several books were authored in the field of farm management, this book is relatively a significant achievement, as it offered simple and lucid explanation for different concepts and primarily designed as an aid for those teaching Farm Managerial Economics. This book harbours an up-dated and standard material on the various aspects of Farm Managerial Economics duly covering the latest syllabi, as prescribed by several State Agricultural Universities in India. It covers both fundamental and applied aspects and is intended to serve as a basis for a course in Farm Managerial Economics and attempts at satisfying a need of under-graduate students of agriculture and post-graduate students of Agricultural Economics. It is hoped that, this book will also be worthwhile to teachers, researchers, professionals, farmers etc. Hope this volume will also be very useful to the students, who desire to be competent enough in various competitive examinations.