Crop characteristics which define potential yields include physiological and phenological traits. The physical environment and management can influence these characteristics. However, the response of the crop and thus its potential yield under optimum conditions is genetically determined
CHARACTERISTICS OF AGRICULTURAL GOODS
•Agricultural goods are quickly perishable.
•These are bulky in nature.
•It is difficult to control both quality and quantity of output.
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Answer:
Crop characteristics which define potential yields include physiological and phenological traits. The physical environment and management can influence these characteristics. However, the response of the crop and thus its potential yield under optimum conditions is genetically determined
CHARACTERISTICS OF AGRICULTURAL GOODS
•Agricultural goods are quickly perishable.
•These are bulky in nature.
•It is difficult to control both quality and quantity of output.
•Product differentiation is not possible.
•Nature plays a crucial role in production.
•Agricultural goods have inelastic demand.