Fbla Agribusiness Sample Questions Exam Questions (30 Terms) With Verified Definitions Updated 2024

What % moisture should corn silage be harvested at for optimum feed quality? {Ans: 55-60%}Farm Financial Standards Council promotes uniformity of farm financial records for the purpose of: {Ans: fair comparisons between all farms}Precision ag requires reliance upon what major technology to be successful? {Ans: Global Positioning Systems (GPS)}Which one of the following is *not* a deductible cost at an agricultural business? (a) machinery depreciation (b) principle paid (c) wages paid (d) the value of raised livestock {Ans: (b) principle paid}When the U.S. dollar is considered to be weak, the demand for agricultural imports: {Ans: decrease}To produce any product/service in the short run, which costs must be covered? {Ans: varaible costs}Buyers and sellers in the futures market who do *not* raise or use the commodity they are trading in are called: {Ans: speculators}Which one of the following can influence the value of crop land? (a) interest rate of the mortgage (b) national gross farm income (c) a mortgage on the land (d) what it produced last year {Ans: (b) national gross farm income}Which one of the following is true about cooperatives? (a) There is no manager in a cooperative (b) Cooperatives are