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WAEC Agricultural Science 2017 Question 2

Question 2

Agricultural Finance

One advantage of cooperative farming is that it

  1. A.allows farmers to have small and scattered plots.
  2. B.enables individual farmers to acquire loans from the banks.
  3. C.enables farmers to raise needed capital.
  4. D.facilitates the use of local tools.
Show the answer and explanation

Answer: C (enables farmers to raise needed capital.)

Explanation

Members pool their savings, so together they raise capital.