how can farmers increase their income when the scope of increase in production is not much
Answers
Answer:
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Answer:
The basic means of increase in a farmer’s income is to increase productivity which is to produce more with less input. But this doesn’t work in a realistic scenario and hence following are the measures which can be opted.
- Proper Price Level Estimation
- Quality>Quantity
- Organic Farming
Explanation:
The most basic solution to this problem will probably be to change the crops. But that is a very extensive process and let’s look at a few alternatives.
Increasing the amount of products won’t increase income as when the supply increases, the cost will go down. To conquer this, the price levels need to be estimated correctly to maximize profit. These price estimates are for the expenses incurred in resources like water which are often disregarded or estimated incorrectly.
Often Quantity is regarded as the basic necessity and there’s usually not much thought which goes into quality. This will allow the more regular crops to work as cash crops. Lastly, resort to organic farming. This is not only the healthiest means of farming but also the most profitable one considering its skyrocketing demand in recent days.