Modern farming methods require more capital than the traditional ones. Do you agree? How?
Answers
Answer:
Yes, it is true that modern farming methods require more inputs which are manufactured in industry. For example;
(i) HYV seeds, insecticides, pesticides and chemical fertilizers needed for increasing the yield per hectare are all manufactured in industries.
(ii) Farmers use farm machinery like tractors, threshers and also combined harvesters which are also manufactured in industries.
(iii) Tube well equipment and water pumps used for irrigation are also manufactured in industries.
Explanation:
Modern farming requires more capital because the following come at a cost, irrigation set up, chemical fertilizers and pesticides, farm machinery like tractors and threshers which made ploughing and harvesting faster. Hence the modern methods are more efficient and the value of technology is higher than the ancient technology.
Chemical fertilizers and pesticides, farm machinery like tractors and threshers which made ploughing and harvesting faster. Hence the modern methods are more efficient and the value of technology is higher than the ancient technology. These all things come under it, thats why it require more capital.
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