Class 9 Exam  >  Class 9 Questions  >  . What is the working capital required by the... Start Learning for Free
. What is the working capital required by the farmer using modern farming methods?
Most Upvoted Answer
. What is the working capital required by the farmer using modern farm...
**Working Capital Required by a Farmer Using Modern Farming Methods**

Modern farming methods have revolutionized the agricultural industry by employing advanced techniques and technologies to enhance productivity and efficiency. These methods require a certain amount of working capital to cover various expenses related to the farming operations. Let's delve into the details of the working capital required by a farmer using modern farming methods.

**1. Initial Investment:**
- Purchase of modern equipment and machinery such as tractors, harvesters, and irrigation systems.
- Procurement of high-quality seeds, fertilizers, and pesticides.
- Construction or renovation of farm infrastructure like barns, storage facilities, and greenhouses.
- Installation of precision farming technologies like GPS guidance systems and automated irrigation systems.

**2. Operational Expenses:**
- Labor costs for hiring skilled workers to operate machinery, manage livestock, and perform other farm tasks.
- Cost of fuel, electricity, and water for running machinery and irrigation systems.
- Expenses for maintenance and repair of equipment and infrastructure.
- Cost of acquiring necessary licenses, permits, and certifications for compliance with regulations.
- Insurance premiums to cover potential risks and damages to crops, livestock, and property.
- Marketing and transportation costs for selling and delivering the agricultural produce to markets or buyers.

**3. Inputs and Supplies:**
- Purchase of certified seeds, fertilizers, and pesticides for crop production.
- Procurement of livestock, including breeding animals and feed.
- Acquisition of veterinary services and medicines for livestock health.
- Purchase of animal feed, supplements, and bedding materials.
- Procurement of farming supplies such as packaging materials, labels, and tags.

**4. Crop and Livestock Management:**
- Cost of soil testing and analysis for determining nutrient requirements.
- Expenses for irrigation, fertilization, and pest control practices.
- Cost of harvesting, post-harvest handling, and storage of crops.
- Expenses for animal healthcare, vaccinations, and deworming.
- Expenditure on feed, bedding, and other requirements for livestock.
- Costs associated with waste management and environmental sustainability practices.

**5. Financial Planning and Risk Management:**
- Interest expenses on loans taken for purchasing equipment or land.
- Allocation of funds for contingency planning and unforeseen circumstances.
- Setting aside funds for future investments, expansion, or diversification.
- Development of a financial management plan to ensure efficient use of capital and profitability.

In conclusion, the working capital required by a farmer using modern farming methods encompasses a wide range of expenses, including initial investments, operational costs, inputs and supplies, crop and livestock management expenses, and financial planning. It is essential for farmers to carefully assess their specific needs and financial capabilities while considering the adoption of modern farming methods.
Attention Class 9 Students!
To make sure you are not studying endlessly, EduRev has designed Class 9 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 9.
Explore Courses for Class 9 exam

Similar Class 9 Doubts

Read the text given below and answer the following questions:Farming is the main production activity in Palampur. 75 percent of the people who are working are dependent on farming for their livelihood. All land is cultivated in Palampur. No land is left idle. During the rainy season (kharif) farmers grow jowar and bajra. These plants are used as cattle feed. It is followed by cultivation of potatoes between October and December. In the winter season (rabi), fields are sown with wheat. The main reason why farmers are able to grow three different crops in a year in Palampur is due to the well-developed system of irrigation.To grow more than one crop on a piece of land during the year is known as multiple cropping. One way of increasing production from the same land is by multiple cropping. The other way is to use modern farming methods for higher yield. Yield is measured as crop produced on a given piece of land during a single season. Till the mid1960s, the seeds used in cultivation were traditional ones with relatively low yields. Traditional seeds needed less irrigation. Farmers used cow-dung and other natural manure as fertilizers. All these were readily available with the farmers who did not have to buy them.The Green Revolution in the late 1960s introduced the Indian farmer to cultivation of wheat and rice using high yielding varieties (HYVs) of seeds. Farmers of Punjab, Haryana and Western Uttar Pradesh were the first to try out the modern farming method in India. In Palampur, the yield of wheat grown from the traditional varieties was 1,300 kg per hectare. With HYV seeds, the yield went up to 3,200 kg per hectare. There was a large increase in the production of wheat. Farmers now had greater amounts of surplus wheat to sell in the markets.Q. The Green revolution in the late 1960s introduced the Indian farmer to cultivation of

Read the text given below and answer the following questions:Farming is the main production activity in Palampur. 75 percent of the people who are working are dependent on farming for their livelihood. All land is cultivated in Palampur. No land is left idle. During the rainy season (kharif) farmers grow jowar and bajra. These plants are used as cattle feed. It is followed by cultivation of potatoes between October and December. In the winter season (rabi), fields are sown with wheat. The main reason why farmers are able to grow three different crops in a year in Palampur is due to the well-developed system of irrigation.To grow more than one crop on a piece of land during the year is known as multiple cropping. One way of increasing production from the same land is by multiple cropping. The other way is to use modern farming methods for higher yield. Yield is measured as crop produced on a given piece of land during a single season. Till the mid1960s, the seeds used in cultivation were traditional ones with relatively low yields. Traditional seeds needed less irrigation. Farmers used cow-dung and other natural manure as fertilizers. All these were readily available with the farmers who did not have to buy them.The Green Revolution in the late 1960s introduced the Indian farmer to cultivation of wheat and rice using high yielding varieties (HYVs) of seeds. Farmers of Punjab, Haryana and Western Uttar Pradesh were the first to try out the modern farming method in India. In Palampur, the yield of wheat grown from the traditional varieties was 1,300 kg per hectare. With HYV seeds, the yield went up to 3,200 kg per hectare. There was a large increase in the production of wheat. Farmers now had greater amounts of surplus wheat to sell in the markets.Q. Which of the following statements is true with respect to traditional farming?

. What is the working capital required by the farmer using modern farming methods?
Question Description
. What is the working capital required by the farmer using modern farming methods? for Class 9 2024 is part of Class 9 preparation. The Question and answers have been prepared according to the Class 9 exam syllabus. Information about . What is the working capital required by the farmer using modern farming methods? covers all topics & solutions for Class 9 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for . What is the working capital required by the farmer using modern farming methods?.
Solutions for . What is the working capital required by the farmer using modern farming methods? in English & in Hindi are available as part of our courses for Class 9. Download more important topics, notes, lectures and mock test series for Class 9 Exam by signing up for free.
Here you can find the meaning of . What is the working capital required by the farmer using modern farming methods? defined & explained in the simplest way possible. Besides giving the explanation of . What is the working capital required by the farmer using modern farming methods?, a detailed solution for . What is the working capital required by the farmer using modern farming methods? has been provided alongside types of . What is the working capital required by the farmer using modern farming methods? theory, EduRev gives you an ample number of questions to practice . What is the working capital required by the farmer using modern farming methods? tests, examples and also practice Class 9 tests.
Explore Courses for Class 9 exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev