Question

Imagine that you are a farmer in the Palampur village,
1) List down the working and fixed capital required for the traditional way of farming method?
2) List down the working and fixed capital required for modern farming method?
3) How would you conclude the cost of inputs in these 2 methods?

Answer 1

1) The working capital required by the farmer using modern farming methods are raw material and money.

2)moneys;tools, building,machines and  skilled workers,raw material and money in hands

Explanation:

• 3. In india there are three method of farming are traditional method, modern method and mixed method.Farmers use the mixed method of farming.Mixed farming is which crop production is combined with rearing of livestock.

• cost of input depends on material,can be bought through government giving taxMoney is always required during production to make payments and buy other necessary items.

• Other farming methods include organic farming, vertical farming, multi crop farming.

• Green house farming and playhouse farming are farming methods are dependent on land size, soil type and other factors.

• Modern farming means farming using modern techniques and technology.

• That means farming with facilities of modern science and technologies.

• Farming is cultivation of domestic animals, fish, birds, plants, crop etc for purpose of food, cloth and other products essential for sustain life.

• Modern farming methods require the farmer to start with more cash than before because they have to hire tractors, threshers.

• Purchase HYV seeds, chemical fertilizers and pesticides which are expensive.

• Advances in modern agriculture allow today farmers to grow in ways that are measurably more sustainable.

To learn more...

1. What is the working capital required by the farmers using modern farming methods

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2. What is the working capital required by the farmers using modern farming methods​

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