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Question

The portion of agricultural produce which is sold in the market by the farmers is called:

The correct answer is

marketed surplus

Understanding economic terms related to agricultural production and sales is crucial for comprehending the agricultural sector. The question specifically asks about the portion of agricultural produce that farmers sell in the market. Let's break down the options to find the most accurate term.

Agricultural Produce Sold in the Market

When farmers cultivate crops, not all of their harvest is consumed by their own household. A significant portion is often taken to the market for sale to consumers or traders. This specific part of their total agricultural produce that is offered for sale is known by a particular economic term.

Marketed Surplus Defined

The term that precisely describes the portion of agricultural produce which is sold in the market by the farmers is marketed surplus. It represents the residual output after meeting the farmer's own consumption needs (for their family, livestock, seeds for the next season, etc.). This surplus is then channeled into the market to generate income for the farmer.

Mathematically, marketed surplus can be expressed as:

\[ \text{Marketed Surplus} = \text{Total Farm Output} - \text{Farm Household Consumption} \]

This definition clearly aligns with the question's premise, which focuses on the produce specifically sold in the market.

Analysis of Other Options

  • Household surplus: This refers to the excess produce after a household's own consumption. While it's related, it doesn't explicitly state that this surplus is sold in the market. A household might have a surplus but choose to store it, barter it, or use it for other non-market purposes. The key distinction for 'marketed surplus' is the *act of selling* in the market.
  • National surplus: This term refers to the overall surplus of a particular commodity or goods at a national level, usually after meeting domestic demand and consumption. It's a macroeconomic concept and not directly related to an individual farmer's decision to sell their produce in the market.
  • Agriculture surplus: This is a very broad term indicating that there is more agricultural output than is immediately consumed or needed. It could refer to a surplus at various levels (farm, regional, national) and doesn't specify if it's sold in the market. The term 'marketed surplus' is more specific about the destination of this excess produce.

Therefore, based on the definitions and the specific nature of the question, marketed surplus is the most accurate and appropriate term for the portion of agricultural produce sold by farmers in the market.

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Important Questions from Marketing: Concept and approaches

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    B. Marketing program implementation

    C. Marketing planning

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