VOICED: Dairy farmers facing financial meltdown

VOICED: Dairy farmers facing financial meltdown

Assessment

Interactive Video

Business

10th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

Nicholas, a farmer, faces severe financial challenges due to a drop in milk prices. His struggles include managing debts, paying bills, and dealing with the impact of EU policies and global demand. The stress affects his family, and he resorts to legal protection to freeze his debts. Despite these efforts, the future of his farm remains uncertain.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main challenges Nicholas faces in his dairy farming business?

High cost of treating sick calves

Lack of demand for milk

Excessive government subsidies

Shortage of veterinary services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What event in 2007 contributed to the current milk price crisis?

A reduction in milk production

A surge in global milk demand

An increase in dairy farm subsidies

A decrease in global milk demand

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is Nicholas's family managing financially during the crisis?

Living on his partner's maternity pay

Selling farm equipment

Relying on savings

Receiving government assistance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What legal action has Nicholas taken to address his financial issues?

Filed for bankruptcy

Applied for legal protection from creditors

Sued the European Union

Requested a government bailout

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What will determine the future of Nicholas's farm after the legal protection period?

A decision by the European Union

A public referendum

A vote by local farmers

A judge's decision