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A group of small farmers in a drought-prone region decides to form a cooperative society to share resources, adopt modern irrigation techniques, and improve productivity. - Commercial Applications

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Question

A group of small farmers in a drought-prone region decides to form a cooperative society to share resources, adopt modern irrigation techniques, and improve productivity.

Explain the type of cooperative society they should form, and the benefits it can provide to the farmers.

Explain
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Solution

A cooperative farming society is appropriate for farmers who wish to pool their resources and make use of modern agricultural methods. The following are the benefits to the farmers:

  1. Pooling of resources: Farmers can combine their land, water, tools, and machinery, which helps in lowering the individual cost of cultivation.
  2. Use of modern techniques: The society enables the adoption of scientific farming practices, such as improved seeds, fertilizers, and advanced irrigation systems, such as drip irrigation.
  3. Higher productivity: Proper utilization of combined resources results in higher crop yields and improved produce quality.
  4. Lower costs: Shared expenses for labour, equipment, and inputs help reduce the financial pressure on each farmer.
  5. Economic security: By working together, farmers are less affected by drought and fluctuations in the cost of agricultural inputs.
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Chapter 5: Ownership Structures - Cooperative Society - QUESTION BANK [Page 66]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 5 Ownership Structures - Cooperative Society
QUESTION BANK | Q 8. | Page 66
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