Which of the followings do not belong to aggregate measure of farm efficiency?
(A) Crop yield index
(B) Net operating income
(C) Net farm income
(D) System Index
Choose the correct answer from the options given below:
(A) Crop yield index
(B) Net operating income
(C) Net farm income
(D) System Index
Choose the correct answer from the options given below:
Show Hint
- (B) only.
- (B), (C) and (D) only.
- (B) and (C) only.
- (A) and (D) only.
The Correct Option is C
Solution and Explanation
Farm performance measures are divided into operational/physical efficiency indices (relative measures) and financial/income aggregates (absolute monetary measures).
Detailed Explanation:
Let us analyze the given metrics:
- (A) Crop yield index: This is a physical efficiency index that compares a farm's crop yields to the regional average. This is a measure of physical farm efficiency.
- (B) Net operating income: This is a monetary measure of profitability calculated by subtracting operating expenses from gross operating revenue. It is an income aggregate, not an efficiency index.
- (C) Net farm income: This is a financial return metric representing the overall profitability of the farm business. It is an income aggregate, not an efficiency index.
- (D) System Index: This is a physical index that measures the overall productivity and intensity of a cropping system. This is a measure of physical farm efficiency.
Since (B) Net operating income and (C) Net farm income are absolute measures of financial income, they are not classified as aggregate measures of operational farm efficiency.
Step 2: Final Answer:
This matches Option (C).
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