Modernization of agriculture
Adoption of new technologies
Farmers' income
All of the above
Answer is Wrong!
Answer is Right!
The correct answer is: All of the above.
Limited access to credit and market information can hinder modernization of agriculture, adoption of new technologies, and farmers’ income.
- Modernization of agriculture requires investment in new technologies, such as tractors, irrigation systems, and seed varieties. Farmers who do not have access to credit may not be able to afford these investments, which can hinder the adoption of new technologies and the modernization of agriculture as a whole.
- Adoption of new technologies can also be hindered by limited access to market information. Farmers need to know about the latest technologies and how they can be used to improve their yields and profits. If they do not have access to this information, they may be less likely to adopt new technologies.
- Farmers’ income can also be hindered by limited access to credit and market information. Farmers who do not have access to credit may not be able to afford to buy the inputs they need to produce a good crop. They may also not be able to store their crops or transport them to market, which can further reduce their income.
In conclusion, limited access to credit and market information can hinder modernization of agriculture, adoption of new technologies, and farmers’ income.