What term describes a property where a farmer or rancher both resides and conducts commercial business?

• A. Farm
• B. Ranch
• C. Estate
• D. Homestead

Answer: (A)

The term that accurately describes a property where a farmer or rancher both resides and conducts commercial business is "Farm." In this context, a farm is not just a place where agricultural activities take place; it is also a residence for the farmer and often includes a variety of operations such as crop production, livestock raising, or other agricultural activities.

While "ranch" and "homestead" also relate to agricultural activities, they have distinct meanings. A ranch typically refers to a large farm, particularly in the context of raising livestock, and may not necessarily imply that the owner lives on the property. "Estate" generally denotes a large area of land, often associated with wealth and the concept of property ownership, but it doesn't inherently include the idea of farming or agricultural business.

In summary, the term "Farm" encapsulates both the residential aspect and the commercial agricultural activities that define the lifestyle and business of farmers and ranchers.