A farmer uses his agricultural loans for the following except
Marketing his crops
Hiring machineries and tools
Purchasing drugs for livestock
Paying for seeds
Correct answer is A
Agricultural loan can be inform of cash or subsidy ,the aim of such loan is to increase a farmer's Output.
Under normal circumstances, the concept of consumer sovereignty in agriculture implies that
The consumer and not the farmer determines what to produce
Both the farmer and the consumer determine what to produce
The consumer and not the farmer owns the means of production
The environmental factors determine what to produce
Correct answer is A
What to produce is determined by the consumer ,The farmer produce are for the consumer therefore he will only produce what the consumer wants.
Investments with long life span in agricultural economics are otherwise known as
Capital
Entrepreneurship
Savings deposit
Profit
Correct answer is A
Capital can be goods or money used in a business for production and to yield profit over a long Period of time.Capital is a factor of production.
Which of the following is not a quality for selecting livestock?
Feed consumption
Egg production
Mortality rate
Body weight
Correct answer is C
Mortality rate is the number of death in a given area.
Is based on research tested on local conditions
Involves the people for which the programme is planned
Involved only the support to highly trained agricultural extension specialist
Is not kept flexible to contemporary technology
Correct answer is D
Agricultural extension programmes aims at teaching farmers with different methods and with the aids of technology about new farming techniques.