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Question
Members of a cooperative society pool their land and use modern agricultural techniques to increase productivity. What is this cooperative society called? How does it help in improving yield and reducing costs?
Very Long Answer
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Solution
The cooperative society where members pool their land and use modern agricultural techniques to increase productivity is called a Cooperative Farming Society (also known as an agricultural cooperative). How it helps in improving yield and reducing costs:
- Pooling of resources: Small farmers join together and pool their land, water, machinery, and equipment. This reduces individual costs and improves resource efficiency.
- Adoption of modern techniques: The society enables the use of scientific farming methods such as improved seeds, fertilizers, irrigation, soil conservation, and other modern agricultural practices.
- Increased productivity: The scientific organization of agriculture leads to higher crop yields and better-quality produce.
- Cost reduction: Shared use of machinery and manpower reduces each member’s production costs.
- Economic stability: Cooperative farming removes the evils of subdivision and fragmentation of landholdings, providing economic and social security to peasants.
In summary, a cooperative farming society enables small farmers to benefit from the advantages of large-scale, mechanized, and scientific farming, thereby improving yields and reducing costs substantially compared to traditional individual farming.
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