Correct option is B
The Correct Answer is: C. Assess resources
Explanation
In farm planning, a resource inventory is conducted to identify and evaluate the available resources on the farm such as land, labor, capital, water, and infrastructure. This step is essential to plan farm operations efficiently, make informed decisions, and allocate inputs for maximum productivity and profitability.
In farm planning, a resource inventory is conducted to identify and evaluate the available resources on the farm such as land, labor, capital, water, and infrastructure. This step is essential to plan farm operations efficiently, make informed decisions, and allocate inputs for maximum productivity and profitability.
Information Key Points
Helps in understanding the strengths and limitations of the farm.
Provides a baseline for future improvements and investments.
Ensures better planning of crop rotations, machinery usage, and manpower.
Additional Information (Other Options)
A. Employee evaluation: This is part of human resource management.
B. Profit calculation: It is part of farm budgeting and accounting.
D. Expense tracking: This relates to financial management.