In a general sense, when only a few enterprises are run by the farmer, in which he has acquired special knowledge, it is known as specialized farming.
Better utilization of land: More profitable to grow crops on lands most appropriate to it.
Better promoting / marketing: permits grading, processing, storing, transporting and finance the produce.
Resources: Less labor and equipments
Exorbitant and productive machineries can be kept: A wheat harvesting machine can be permanently kept in a highly specialized wheat farm to be more productive
The proficiency and expertise of the labor increase: Specialization enables a man to be more productive and master at doing a certain things
Records: Farm records can be looked after easily
Production: Intensity of production leads to relatively large amount of output
Better administration: fewer enterprises on the farm are liable to be less neglected and sources of wastage can easily be detected.
These disadvantages of specialization are evident when the farmer realizes that “all his eggs are in one basket”.
There is more Risk: Crop failure and decrease in market price due to less demand.
Soil: Soil fertility cannot be maintained – lack of crop rotation
Read also: Importance of Soil Management in Agriculture
Resources: The productive resources i.e. land; labor and capital are not fully utilized.
Income: Irregular income of the farm as they get income only once or twice in a year
Asset: Legitimate utilization of assets is not possible.
Lack of Knowledge: Due to specialization of a single enterprise, the knowledge about other enterprises vainness
Food: Does not help in supplying all the food needs of the family members of the farmer