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16 March, 10:24

Economists study the way society uses its resources. One important resource studied is agriculture. The recent increase in demand for organic produce has created some interesting economic scenarios for both farmers and consumers. Click the link to learn key facts about the economics of organic produce and answer a few questions. Which is a reason that organic farming is more expensive than conventional farming? How many years must a farm be run organically before its produce can be labeled as "organic"? Why do most small organic farms pay a higher percentage of their profit for farming equipment than conventional farms?

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  1. 16 March, 10:45
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    1. Which is a reason that organic farming is more expensive than conventional farming?

    ✔ Organic farmers must pay for a costly certification process.

    2. How many years must a farm be run organically before its produce can be labeled as "organic"?

    ✔ 3

    3. Why do most small organic farms pay a higher percentage of their profit for farming equipment than conventional farms?

    ✔ Large conventional farms often receive government subsidies for equipment costs.
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