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WAEC Agricultural Science 2000 Question 8

Question 8

Agricultural Finance

Which of the following agricultural programmes covers risk and uncertainties in agricultural business?

  1. A.Agricultural Development Project
  2. B.Agricultural Insurance Scheme
  3. C.River Basin Development Authority
  4. D.Farm Settlement Scheme.
Show the answer and explanation

Answer: B (Agricultural Insurance Scheme)

Explanation

Insurance compensates farmers for losses.