Basic problems in raising production from a farmer
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Volatile Prices / volatile supplyLow and volatile income for farmersEnvironmental costs of intensive farming (negative externalities)Agriculture key component of rural life (positive externalities)Monopsony power of food purchasers.
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Explanation:
The basic constraint in raising farm production is land- mainly fixed land, irrigation, modern technologies, machinery and money. Another major constraint in raising farm production is poverty.
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