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Gross farm income is the same as gross cash income with the addition of nonmoney income, such as the value of home consumption of self-produced food and the imputed gross rental value of farm dwellings. Net cash income is gross cash income less all cash expenses such as for feed, seed, fertilizer, property taxes, interest on debt, wages to ...
With a coastline of about 1046km, Pakistan has enough fishery resources that remain to be fully developed. It's also a major source of export earnings. Aquaculture is a rapidly developing industry. Punjab Province has demonstrated rapid growth in fish farming. GIFT Tilapia culture has been introduced recently in Pakistan (especially Punjab).
In most developed economies, a "farmer" is usually a farm owner , while employees of the farm are known as farm workers (or farmhands). However, in other older definitions a farmer was a person who promotes or improves the growth of plants, land, or crops or raises animals (as livestock or fish) by labor and attention.
A cow in a Punjabi farm in rural Pakistan. Being a country that has a largely rural and agriculture-based industry, animal husbandry plays an important role in the economy of Pakistan and is a major source of livelihood for many farmers.
The verb to husband, meaning "to manage carefully", derives from an older meaning of husband, which in the 14th century referred to the ownership and care of a household or farm, but today means the "control or judicious use of resources", and in agriculture, the cultivation of plants or animals. [1]
Many families depend on cottage industries for income. Cottage industries have also gained immense importance in cities and towns. There is a great demand for hand-woven [carpet]s, embroidered work, brassware, rugs and traditional bangles. These are also considered important export items and are in good demand in international markets.
Livestock can serve as insurance against risk [45] and is an economic buffer (of income and food supply) in some regions and some economies (e.g., during some African droughts). However, its use as a buffer may sometimes be limited where alternatives are present, [ 46 ] which may reflect strategic maintenance of insurance in addition to a ...
In United States agricultural policy, gross farm income refers to the monetary and non-monetary income received by farm operators. Its main components include cash receipts from the sale of farm products, government payments, other farm income (such as income from custom work), value of food and fuel produced and consumed on the same farm, rental value of farm dwellings, and change in value of ...