Over the past 20 years,the number of small family farms has fallen significantly,and in their place there are fewer,but larger,farms owned by corporations.Which of the following best explains this trend?

Question

Quizplus · Accepted Answer

Economies of scale in farming have led to larger corporations owning farms, as they are able to produce more efficiently and at a lower cost per unit of output. This has made it difficult for small family farms to compete and remain profitable.

Over the Past 20 Years,the Number of Small Family Farms