FBLA Agribusiness practice test
Agribusiness applies business principles to agriculture and the food industry, from farm management and agricultural finance to commodity marketing and farm policy.
Topics on the FBLA Agribusiness test
- Farm and ranch management
- Agricultural finance and credit
- Commodity markets, futures, and hedging
- Supply and demand for farm products
- Agricultural policy, USDA programs, and regulation
- Sustainability, technology, and the food supply chain
Free FBLA Agribusiness practice questions and answers
Try each question before opening the answer. Every AI practice test explains its answers the same way.
Question 1
A wheat farmer worried that prices will fall before harvest can reduce that risk by:
- ABuying wheat futures
- BSelling wheat futures
- CBuying more seed
- DDelaying planting
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Answer: B. Selling wheat futures
Selling futures (a short hedge) locks in a price now, so a later drop in the cash price is offset by a gain on the futures position.
Question 2
Which federal department runs most farm support programs, crop insurance, and meat and poultry inspection?
- ADepartment of Commerce
- BDepartment of the Interior
- CDepartment of Agriculture (USDA)
- DDepartment of Labor
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Answer: C. Department of Agriculture (USDA)
The USDA oversees these through agencies such as the Farm Service Agency, the Risk Management Agency, and the Food Safety and Inspection Service.
Question 3
A record harvest increases the supply of corn while demand stays the same. The market price of corn will most likely:
- ARise
- BFall
- CStay the same
- DDouble
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Answer: B. Fall
An increase in supply with unchanged demand lowers the equilibrium price. Because food demand is fairly inelastic, the price can fall sharply.
How to study for FBLA Agribusiness
Agribusiness questions often combine economics with agriculture. Review supply and demand shifts, hedging with futures contracts, and what each USDA agency does.
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Start practicing freeFBLA Agribusiness FAQ
How many questions are on the FBLA Agribusiness test?
Agribusiness is an objective test event. Under the current guidelines, FBLA objective tests are typically 100 multiple-choice questions in 50 minutes. Check the official FBLA competitive event guidelines for your season and conference.
What topics are on the FBLA Agribusiness test?
Expect questions on farm and ranch management; agricultural finance and credit; commodity markets, futures, and hedging; supply and demand for farm products; agricultural policy, USDA programs, and regulation; and sustainability, technology, and the food supply chain.
Are these official FBLA Agribusiness questions?
No. The sample questions are original and written in the style of FBLA objective tests. TierOne is an independent study aid and is not affiliated with FBLA.