Sources of farm financing II - SS1 Agriculture Past Questions and Answers - page 2
In which category of farm financing do farmers reinvest profits from previous seasons into their farms?
Self-financing
Government support
Private loans
Savings and Thrift Societies
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What does the term "NGO" stand for in the context of farm financing?
National Government Organization
Non-Governmental Organization
New Generation Organization
Network of Greenhouse Operators
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Which of the following is NOT a common government support mechanism for farmers?
Subsidies
Crop insurance
Private loans
Research and extension services
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What financial support can agricultural cooperatives provide to their members?
High-interest savings accounts
Free agricultural equipment
Affordable credit, marketing, and profit sharing
Government grants
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Which source of farm financing involves the collective pooling of resources by farmers to access credit and other benefits?
Self-financing
Crowdfunding
Agricultural cooperatives
Government support
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Describe the concept of self-financing in farming.
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How can government subsidies benefit farmers, and what types of subsidies are commonly provided?
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Give an example of a situation where a Savings and Thrift Society can be beneficial for farmers.
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Explain the role of NGOs and non-profit organizations in supporting agricultural development.
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What are the advantages and disadvantages of crowdfunding as a source of farm financing?
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