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What is the working capital required by the farmer using modern farming methods ?
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What is the working capital required by the farmer using modern farmin...
The working capital required by the farmer using modern farming methods are raw material and money. Money is always required during production to make payments and buy other necessary items.
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What is the working capital required by the farmer using modern farmin...
Working Capital Required by a Farmer Using Modern Farming Methods

Modern farming methods have revolutionized the agricultural industry, enabling farmers to increase productivity and efficiency. However, implementing these advanced techniques often requires a significant amount of working capital. Working capital is the funds necessary for day-to-day operations, covering expenses such as labor, seeds, fertilizers, machinery maintenance, and other inputs. Let's delve into the details of the working capital required by a farmer using modern farming methods.

1. Investment in Technology and Machinery:
To adopt modern farming methods, farmers need to invest in advanced technology and machinery. This includes purchasing precision agriculture tools, such as GPS systems, drones, and sensors, as well as acquiring modern machinery like tractors, harvesters, and irrigation systems. The cost of these investments can be substantial and requires a significant portion of the working capital.

2. High-Quality Seeds and Fertilizers:
Modern farming methods often rely on high-quality seeds and fertilizers to achieve optimal yields. These seeds are genetically modified or selectively bred to exhibit desirable traits such as disease resistance, higher yields, and improved quality. Additionally, farmers need to invest in fertilizers and other soil amendments to provide the necessary nutrients for plant growth. The cost of these inputs can be significant and adds to the working capital requirements.

3. Irrigation and Water Management:
Efficient water management is crucial for modern farming methods. Farmers may need to install irrigation systems such as drip irrigation or sprinklers to ensure precise water distribution and minimize wastage. The initial installation cost, as well as ongoing maintenance and water usage expenses, contribute to the working capital requirement.

4. Labor and Training Costs:
Modern farming methods often involve more complex processes and technologies that require skilled labor. Farmers may need to hire trained workers or invest in training programs to equip their existing workforce with the necessary skills. The cost of labor and training adds to the working capital required for implementing modern farming techniques.

5. Crop Protection and Pest Control Measures:
To protect crops from pests, diseases, and weeds, farmers using modern farming methods often employ advanced crop protection measures. This includes the purchase of pesticides, herbicides, and fungicides. Additionally, farmers may need to invest in monitoring systems and scouting tools to detect and manage potential threats effectively.

Conclusion:
Implementing modern farming methods requires a substantial amount of working capital to cover investments in technology and machinery, high-quality seeds and fertilizers, irrigation and water management systems, labor and training costs, as well as crop protection measures. Access to sufficient working capital is essential for a farmer to adopt and sustain these advanced techniques, ultimately leading to increased productivity, efficiency, and profitability in modern agriculture.
Community Answer
What is the working capital required by the farmer using modern farmin...
It's simple, that are: Raw materials, money etc.
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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 ?
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