What I Have Learned
Answer the following questions to ascertain your learnings. Write your answer to your
answer sheet.
1. What is the information which you usually gathered in the preparation for
computation of the cost of production of your farm?
2. How do you compute for the revenue of your farm operation?
Answer the following questions to ascertain your learnings. Write your answer to your
answer sheet.
1. What is the information which you usually gathered in the preparation for
computation of the cost of production of your farm?
2. How do you compute for the revenue of your farm operation?
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Answer:
1Total cost of cultivation =Total variable Cost + Total fixed cost.
Total income = Yield (kg) × Market price of the crop (Rs. / kg)
Net profit = Total income - Total cost of cultivation.
Benefit:cost Ratio = Cost of total benefit / Cost of production.
2.Subtract total farm expenses from gross farm revenue. The difference is the net income generated from the ordinary production and marketing activities of the farm, or net farm income from operations.
Explanation:
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