So a ed Ce CL ro od O level Notes : Agriculture - Agri-business eee Paneer nsenrnnienmony Tun state a erent een Gen yeras Seay canes Goes ere acess aacsaeneanat se rer nie sac oe Ce ee ee ee ee ee ‘hs chapter dscisses economic pincples such as the law of amishing retums, rsks and Ce eee ee ed De ee eee Ce ee ed ee etd Gis th AEE Ger cn USS ie pS ME ees oe Se eee) Pe enn tet eee ee re et Ce eee ee eee een ee ee ey Sek eee ee point oF inflection when the vid wil remain constant and then wil star to decine and wil be less eee eno) ee ee Nn ‘Ator the highest yielé has boon reached, farmers should not continuously apply more fertizrs oe es ee cee te eee Cee ee ee eee Se eee ee ee eee eee et eee pee Coen eee ey oa eee ee ee ee a can insure agains Fiske are hazards or dangers which ae faced by farmers, and to a cartan Cee eee enemas eres eer Per De ee ne ee ad Ce nt ere eee ete Ce een eee ee eee es Fire Cee ee eee ooo a | Thott See aoc ree eee eens erent ee ee ee ee ee ee end ee as Ce een en eee eee ee ene) Ce ee eee ee ee ee Ce ee ety eae eaten tsi annotate Ce ee eed Ber ee reeeeerercns enon eye ri) ee ee eee Eee heer ii eee ee nora ed Uncertainties ‘An uncertainty is an unforeseen treat to farming business experienced by farmers in agra ee ees ‘Uncertaimtios encountered by farmers CO eee ee ‘Change in demand Ce ee oo ee ee Fae cae ap sti Peete eciSe eee rm Price fuctuations Prices of frm produce do not remain constant bt vary depending on marketing factors. A the time Ce ere ets Ce te ee eee a) ee ne ee eee ee SO en a Co ee et ee Ce ee ee eee ee ee en ee et eet eer Se ee eee ena ee ea Ce ee ed ee ee eee ee eee Cee eee ea Se ences Sees See ee ed becomes obsolete and out oF date. Once that occurs, farmers wil lose money they would eee ee ee) eros Cente De ee oo Ce td Ce ee eee ed polces which negatvaly afec Farmers, In most cass, farmers would not be aware of whether ne ee ee eee Ways of minimising the effects of risks and uncertainties De ee et poetics eae ee nec) anne eae eae nat teenie nt) CE ee Cee ee eed ee ee eee eee) ee oats Od instead of oroning one crop so that m the event offalure of one crop, the other crops ee ee ect ee ee ee eer eee eee ae a Cee oe ard ee eet ee ee ony ee ee eae Growing crops on contract See os Ce ee ee Se ee ee eae 10p5 which are commenly grown under contract are cotton, tobacco, soya beans and red ars Peery Cee ee ee [aS SS CSS) eee mee pelea es mn) De ee Lee eee en ou + The decision-making process vill help 2 farmer to avoid making sudl decisions which ee ee ee eo) hence make akermatwe choices Ce end ae ee eee ee eee eee Ce ee eoeenrets ee ee ee ee eed Cae at ae ee a eer eae ey tere Ce ee ee ees oe Ne Ce ee ee ee eee ee Ed ek eee eee! ere eed pee ers ee Ne ee ee ey ee ns can anable a farmer to make wise decsions. A knowledgeable farmer makes wise decsions in When knowledge and experience are used in farming, the farmer usualy engages in more sets cee ens ee eee Ce ee es ee ee Te nea See ene oe oe ee eet aren eaten Tete con the eype of transport needed and when the transport wilbe needed. The farmer wills have a eee Se eee es See ed ee ieee ata ea eee ee ei Ce ee ee) Ce ee eee Ce a Deen eee ec eee eect re De eS Rigreee reae eerrereee a oatiny eee cates ee ee ee eee eee es Ce ees Ce eee ae eg ee renee) ee ene ee es Cen ee eee ed Se eee ee ee Ce ee es SS ee ee ere Ener er nee a ee et ee ee Ce ee a eae cerry Dee ee ere eee eee) See Cee ey Oe ee ee ee) ee ee ee en ‘colonial government. The 4950s san estabehment ofthe Grin Marketing Board trough the Gran ere ee ee ee eee) ee eee eee ee ee ee) isd pates apse or eS Mine ei ses et Se ee) ee ee ee ee) ee eee es Oe ee ee eee ee L eee kee Dee ee ed er eee eee Lene een ee et ee ee eee ‘systems and expanded the marketing network of marketng boards throughout the country, ee ee on eek er ee ey ee See a ete ecient Cd Se ee ee en eee eee Pere a ee ee ee formers are encouraged to produce and sell more ofthe product andthe reverse true, eo ee oid ee Se ee oes ee eee eee os od Te sce pete ae) HS by eS Eth oy ee ee eee eee eae as od Ce ee ee eee Ca aero ee eee ee ee Cee ort ma esate oe eee ey Cone eee eee cereal cy con N@TES ne eee ere Ce oe eee eee ere) ae eee ced Ce nd Coons is Cee ee eee) lamer. Ce eee choy Ceca renee tee eee Cn Ce oe a5 ee eed poet) eee eed ee ee fyeon Se eed eee eae a ee eC