Suggest TWO criteria required to obtain a loan.
farm records
collateral
define the term soil fertility
soil fertility is the ability of soil to supply the nutrients and minerals needed for healthy plant growth
what are the factors of production?
land, labour, capital
what is the meaning of gross farm income
gross from income is the total amount of income earned from farm activities before any expenses are taken out.
meaning of net farm income
net farm income is the money left after all farm expenses are subtracted from the gross farm income
define gross margin
gross margin is the difference between total income and variable costs
define net profit
Net profit is what remains after all expenses have been deducted from total income.
One benefit of having different market segments for agricultural products
It allows farmers to target specific customer needs, which intern can increase sales and profits.
Define the term partial budget
a partial budget is a simple financial tool used by farmers to evaluate the effects of a small change in the farm business.
Why is the gross margin important
It shows whether a particular crop or animal enterprise is making money and allows Farmers can compare gross margins of different enterprises to choose the most profitable one.
Define therm trade agreement
A trade agreement is formal arrangement between two or more nations that outline the rules of buying and selling goods and services across their borders.
Name thtrade agreements of CARICOM
Three advantages of trade on business
Trade benefits businesses by giving them access to larger markets, which increases sales opportunities. It also allows them to obtain raw materials and goods at lower costs or better quality. Additionally, trade encourages innovation and efficiency by exposing businesses to more competition.
Two management practices that can improve egg quality
Measure: Use proper egg grading and sorting equipment.
Explanation: This will help Henry separate eggs by size and remove any that are cracked or damaged before packing, ensuring uniformity and better quality for the supermarket.
Measure: Improve packaging and handling methods.
Explanation: By using stronger egg trays and training workers to handle eggs gently, Henry can reduce the number of cracked or broken eggs during transport.
What is powdery mildew
Powdery mildew is a fungal disease that affects many plants. It appears as a white or gray powdery coating on the leaves, stems, flowers, or fruits of the plant.
What is the causative agent of powdery mildew?
Oidium lycopersici
Three methods that can be used to control powdery mildew in tomato
Symptoms of powdery mildew in tomato
Define the term production ration
A production ration is the feed given to a farm animal that supplies nutrients needed for both maintenance and production activities.
Three advantages of primary tillage
Three reasons to do secondary tillage before planting
What is the equation for gross margin
Gross margin= gross income-VARIABLE COST
what is a cooperative
A co-operative is a legal organisation which enables its members, as a group, to
improve their economic status in a competitive society.
name three principals of cooperatives
team membership- member sof the cooperative operate and manage the organization as a team.
joint membership- Each membership is a owner of the cooperative.
open membership- the cooperative is open for any person to join regardless of race,gender or colour