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Reason for Analysing Economic Indicators in Agricu...
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Economic indicators are useful when farmers plan their production activities. Their first priority is to produce at maximum profitable levels which means that they will base production decisions on expected return on investment for each enterprise.
Farmers use economic indicators to base production- and marketing decisions on.
Financing institutions use economic indicators to determine the level of risk associated with a financing application. They will use the indicators to determine the interest rate and if the application will be accepted or rejected.