csec Flashcards
(44 cards)
Suggest TWO criteria required to obtain a loan.
farm records
collateral
define the term soil fertility
soil fertility is the ability of soil to supply the nutrients and minerals needed for healthy plant growth
what are the factors of production?
land, labour, capital
what is the meaning of gross farm income
gross from income is the total amount of income earned from farm activities before any expenses are taken out.
meaning of net farm income
net farm income is the money left after all farm expenses are subtracted from the gross farm income
define gross margin
gross margin is the difference between total income and variable costs
define net profit
Net profit is what remains after all expenses have been deducted from total income.
One benefit of having different market segments for agricultural products
It allows farmers to target specific customer needs, which intern can increase sales and profits.
Define the term partial budget
a partial budget is a simple financial tool used by farmers to evaluate the effects of a small change in the farm business.
Why is the gross margin important
It shows whether a particular crop or animal enterprise is making money and allows Farmers can compare gross margins of different enterprises to choose the most profitable one.
Define therm trade agreement
A trade agreement is formal arrangement between two or more nations that outline the rules of buying and selling goods and services across their borders.
Name thtrade agreements of CARICOM
- CARICOMCanada Trade and Development Agreement
- CARICOM–Costa Rica Free Trade Agreement
Three advantages of trade on business
Trade benefits businesses by giving them access to larger markets, which increases sales opportunities. It also allows them to obtain raw materials and goods at lower costs or better quality. Additionally, trade encourages innovation and efficiency by exposing businesses to more competition.
Two management practices that can improve egg quality
Measure: Use proper egg grading and sorting equipment.
Explanation: This will help Henry separate eggs by size and remove any that are cracked or damaged before packing, ensuring uniformity and better quality for the supermarket.
Measure: Improve packaging and handling methods.
Explanation: By using stronger egg trays and training workers to handle eggs gently, Henry can reduce the number of cracked or broken eggs during transport.
What is powdery mildew
Powdery mildew is a fungal disease that affects many plants. It appears as a white or gray powdery coating on the leaves, stems, flowers, or fruits of the plant.
What is the causative agent of powdery mildew?
Oidium lycopersici
Three methods that can be used to control powdery mildew in tomato
- Use of Fungicides
• Apply recommended fungicides such as sulfur-based or systemic fungicides to kill or suppress the fungus.- Plant Resistant Varieties
• Choose tomato varieties that are bred to be resistant or tolerant to powdery mildew. - Practice Good Crop Management
• Ensure proper spacing for good air circulation, remove and destroy infected plant parts, and avoid overhead watering to reduce humidity
- Plant Resistant Varieties
Symptoms of powdery mildew in tomato
- White, powdery spots on upper and sometimes lower leaf surfaces.
- Yellowing of leaves around infected areas.
- Leaf curling and distortion, followed by drying and premature leaf drop.
- In severe cases, reduced fruit size and yield due to decreased photosynthesis.
Define the term production ration
A production ration is the feed given to a farm animal that supplies nutrients needed for both maintenance and production activities.
Three advantages of primary tillage
- loosens soil for better root growth
- improves water absorption by reducing run off.
- Mixes in crop residues and nutrients which improves soil fertility and structure.
Three reasons to do secondary tillage before planting
- Breaks up soil clumps by Creating a finer soil texture for better seed-soil contact.
- Levels the surface by Preparing an even seedbed for uniform planting depth.
- Controls weeds by Removing young weeds that compete with crops.
What is the equation for gross margin
Gross margin= gross income-VARIABLE COST
what is a cooperative
A co-operative is a legal organisation which enables its members, as a group, to
improve their economic status in a competitive society.
name three principals of cooperatives
team membership- member sof the cooperative operate and manage the organization as a team.
joint membership- Each membership is a owner of the cooperative.
open membership- the cooperative is open for any person to join regardless of race,gender or colour