3. Picturing a farm, you know (or one you can imagine), describe the environment in which it operates. Include some items from each of the four areas mentioned: resources, markets, institutions, and technology. Do you think this farm is keeping a proper balance with these four areas? 4. Is profit maximation the only goal of farmers? If not, what are five other, common goals that farmers may have? 5. Describe and contrast the four functions of management: planning, organizing, directing and control