Farm and Ranch Management Exam 1
questions n answers
Both the number of farms in the U.S. and the average farm size are increasing.
True or False - correct answer ✔✔False
As a whole the average age of primary operators on Farms/ranches is increasing.
True or False - correct answer ✔✔True
The Census of Agriculture is completed every
2 years
3 years
5 years
10 years - correct answer ✔✔5 years
Multiple reasons including (but not limited to) vertical integration and increased oversight/
regulation within funding organizations has cause the farm/ranch operator fo today to have
more accurate and consistent financial records utilizing standard accounting principles.
True or False - correct answer ✔✔True
All of the following are types/path for farm and ranch businesses except:
part time
low volume, high value
high volume, low value
questions n answers
Both the number of farms in the U.S. and the average farm size are increasing.
True or False - correct answer ✔✔False
As a whole the average age of primary operators on Farms/ranches is increasing.
True or False - correct answer ✔✔True
The Census of Agriculture is completed every
2 years
3 years
5 years
10 years - correct answer ✔✔5 years
Multiple reasons including (but not limited to) vertical integration and increased oversight/
regulation within funding organizations has cause the farm/ranch operator fo today to have
more accurate and consistent financial records utilizing standard accounting principles.
True or False - correct answer ✔✔True
All of the following are types/path for farm and ranch businesses except:
part time
low volume, high value
high volume, low value
