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Definitions from the Web

Economic Farming

Description:

Economic farming refers to a method of agricultural production that focuses on maximizing efficiency and profitability while minimizing costs. It involves strategic planning, resource management, and the use of innovative techniques to achieve sustainable and profitable yields. Economic farming is essential for farmers and agricultural businesses to thrive in today's competitive market.

Senses and Usages:

Sense 1: Efficient Farming

In this sense, economic farming emphasizes the efficient use of resources such as land, water, labor, and capital. Farmers employ modern technologies, precision farming techniques, and scientific knowledge to optimize resource allocation and minimize waste.

Sample Sentence:

John implemented economic farming practices on his land, resulting in higher crop yields and reduced expenses.

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Sense 2: Profit-Oriented Agriculture

In this sense, economic farming revolves around maximizing profits by growing crops or raising livestock that have high market demand and offer good returns on investment. It involves analyzing market trends, conducting cost-benefit analyses, and making informed decisions on crop selection and diversification strategies.

Sample Sentence:

The farmer decided to switch to economic farming by growing high-value specialty crops to increase his profit margins.

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Sense 3: Sustainable Farming

Within this sense, economic farming encompasses sustainable agricultural practices that aim to reduce environmental impacts, conserve natural resources, and promote long-term ecological balance. It entails using organic farming methods, implementing crop rotation, and adopting eco-friendly pest control approaches.

Sample Sentence:

Emily's organic farm stands as a shining example of economic farming, as it achieves both profitability and environmental stewardship.

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