Q.35
Agri-business Management- ICAR JRF/SRF 2024
MCQ (Single Correct)
How do farmers make the decisions in practice with intiution?
  • Intuitive Decision Making in Farm Management:
  • In practice, smallholder farmers often lack the resources, accounting records, or mathematical programming tools required for formal marginal cost-benefit optimization. Consequently, intuitive decision making relies heavily on established local heuristics, traditional experience, and observational norms.
  • classic manifestation of intuitive farm decision making is: “A farmer may decide on a cropping pattern based on a crop rotation that is widely used” in their farming community, leveraging collective experiential wisdom to minimize perceived risk without running analytical profit-maximization models.

Correct option: (4) A farmer may decide on a cropping pattern based on a crop rotation that is widely used ?

Explanation not matching this question? क्या व्याख्या इस प्रश्न से मेल नहीं खा रही? Report
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