Identify three raw products the farm in the following scenario could produce and sell, and describe two ways to create value for the products identified. Situation: The newly purchased farm is located on a 250-acre plot of land filled with grass, shade, trees, and wild flowers, and it has a fresh water spring running through the middle of the property. The land is located on the outskirts of a small town, so there is virtually no contamination by pollution. Chickens, cows, and honeybees will be raised.

The three products that the farm can produce and sell are -

a) Honey

b) Milk

c) Egg and Chicken

Two ways of value addition

a) Food processing

b) Packaging and labelling

Explanation:

The three products that the farm can produce and sell are -

a) Honey

b) Milk

c) Egg and Chicken

The two ways by which value can be added to these product is

a) Labelling and packaging - Labelling and packaging the milk, honey and egg can add value to the product and can fetch good some of money

b) Processing the food item - Milk can be processed to produce cheese, curd etc. Price of processed food is much higher than that of non processed food.