WAEC Agricultural Science 1991 (August) Question 54

Question 54

Agricultural Finance

A farmer uses his agricultural loans for the following except

  1. A.paying labour wages
  2. B.hiring machineries and tools
  3. C.purchasing drugs for livestock
  4. D.paying for seeds
  5. E.marketing his crops.
Show the answer and explanation

Answer: E (marketing his crops.)

Explanation

Loans pay for production inputs; marketing is how the farmer earns money to repay them.