Question: When new variety of a crop is introduced, which farm management approach is appropriate
Options:
Complete budgeting
Partial budgeting
No budgeting
Programme planning
✅ Explanation: Partial budgeting is a farm management technique that focuses on analyzing the financial impact of a specific change or decision, such as introducing a new crop variety. It compares the expected additional costs and returns associated with the change, allowing farmers to assess its potential profitability and feasibility without having to create a comprehensive budget for the entire farm operation.
📌 Other Options Explanations:
-(a) Complete budgeting: Complete budgeting involves a comprehensive analysis of all income and expenses for the entire farm operation. While important for overall farm planning.
– (d) Programme planning: Programme planning is a broader concept that involves setting long-term goals and strategies for the farm.