Tractor Driving Safety
This protective structure helps prevent injury if a tractor rolls over.
What is ROPS (Roll-Over Protective Structure)?
This is the amount of a product consumers are willing to buy.
What is demand?
This is money spent on items like seed, feed, and fertilizer.
What are input costs?
This is money borrowed to purchase land or equipment.
What is a loan?
This is promoting a product to attract customers.
What is marketing?
This lighting or sign alerts others when driving slowly on roads.
What is a slow-moving vehicle (SMV) sign?
This is the price at which supply and demand meet.
What is equilibrium price?
This cost is calculated by dividing total cost by the number of units produced.
What is cost per unit?
Renting farmland instead of buying it is called this.
What is leasing?
This is the first step in the selling process—finding potential customers.
What is prospecting?
This should always be disengaged before leaving the tractor seat.
What is the PTO (power take-off)?
This law states that as price increases, quantity demanded decreases.
What is the law of demand?
If total costs are higher than revenue, the farm experiences this.
What is a loss?
This type of loan is specifically used to buy land or property.
What is a mortgage?
This final step completes the sale.
What is closing the sale?
Poor maintenance can lead to this safety issue while operating.
What is equipment failure?
If there is too much product on the market, prices will likely do this
What is decrease?
High fixed costs but low production can lead to this issue.
What is high cost per unit?
A lender reviews this to decide if a loan will be approved.
What is credit history (or financial records)?
The entire selling process is designed to meet this key goal.
What is customer satisfaction?
Proper ballast and weight distribution help improve this safety factor.
What is stability?
The responsiveness of demand to price changes is called this.
What is elasticity?
Understanding costs helps farmers make this key decision.
What is production (or budgeting/pricing decisions)?
Long-term land ownership can build this financial advantage.
What is equity?
Adapting your approach to different customers demonstrates this skill.
What is communication (or flexibility)?