While an increase in total agricultural production may benefit farmers as a group, it will not benefit an individual farmer to increase his production.

Question

Quizplus · Accepted Answer

Increasing individual production can result in higher profits for the farmer, as long as the cost of production does not outweigh the additional revenue. Increased production can lead to economies of scale, improved bargaining power with buyers, and overall efficiency gains that benefit individual farmers.

While an Increase in Total Agricultural Production May Benefit Farmers