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Why is it important to understand the difference between local and distant markets in agriculture?

Answer and explanation

Correct answer: To assess crop price, transport cost and demand

Crop selling price, buyer demand, and transport and storage costs may differ between local and distant markets. A farmer must compare these factors to choose the market that gives better profit. A higher price in a distant market alone is not enough, because higher transport costs may reduce the net return. Exam tip: link market selection with the net income from the crop.

Related tags

Agricultural MarketingLocal MarketDistant MarketTransport CostCrop DemandFarm IncomeTraditional Occupations In India AgricultureWorkLivelihood And Career

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