Lesson 1 Flashcards
1
Q
Features of a Farm
A
- Both Physical & Social Unit
- Source of Livelihood/Economic Orientation
- Uses resources to produce agricultural goods
- Consists of enterprises
2
Q
Types of Economic Orientation
A
- Kitchen Oriented – home consumption
- Market-oriented farming – to sell to the market
3
Q
Classifications of resources
A
- Natural - all things nature provide
- Labor - human effort
- Capital - produced by human effort
> a.k.a. factors of production
4
Q
Types of Capital
A
Durable – long-term use
e.g. machinery & buildings
Stock – used within a season
e.g. fertilizer, feeds, cash
5
Q
Types of enterprises
A
- Competitive
- Supplementary
- Complementary
6
Q
Classification according to Number of Enterprises
A
- Specialized Farms
- Diversified Farms
7
Q
Classification of Farms
A
- Economic Orientation
- Number of Enterprises
- Kind of Enterprises
- Tenure
- System of Farming
8
Q
Classification according to Kind of Enterprises
A
- Crop Farm
- Livestock Farm
- Combination
9
Q
Classification according to Tenure
A
- Owner-operated
- Part-owner operated
- Certificate of Stewardship Contract Holder
10
Q
Types of Tenanted Farms
A
- Leasehold Farm
- Share-tenanted Farms
11
Q
Classification according to methods and practices
A
- Source of Labor and Management
- Source of Power
- Source of Water
- Intensity
12
Q
Classification according to source of labor and management
A
- Family farms
- Plantation farms
13
Q
Classification according to source of power
A
- Mechanized
- Non-mechanized
14
Q
Classification according to source of water
A
- Non-irrigated (Rainfed)
- Irrigated
15
Q
Classification according to intensity
A
- Intensive Farms - higher level of inputs per unit land area
- Extensive Farms - smaller amounts of input relative to land area
