The economical importance of agriculture

Employment Generation:

This could be because majority of the employment opportunities come from agriculture; this is because after discovery of technology most people in developing countries are farmers. Through this employment opportunity it covers Agricultural value chain especially in the food production value chain and other food chains activities like processing of food products and the foods chain products like transport and marketing services.

Food Security:

For example, can be no production even of the basic type of farming practice not to mention the more enhanced techniques in enhancing food production to cater for the ever expanding human population. They are excellent for preparing foods that may be required in the event population increases and they will go along way in helping in proffering stable health within societies.

Economic Contribution:

Consequently, farming is recognized as being among the most significant undertakings that were identified to support most large-scale economies on the globe since the agriculture has been identified to contribute to GDP. It occupies a FIRST PLACE in Industrial Chains as it offers raw materials and simple elements/components/constituents to SECONDARY & TERTIARY ones.

Rural Development:

There are varying branches of industries such as agriculture whereby the latter is one of the branches that directly influence the development of the rural regions in the country. It is also indispensable as the major precondition towards the generation of incomes in these areas together with the formation of the requisite foundations and raising the level of living as well as some other indicators pointing more to poverty.

Foreign Exchange Earnings:

Almostall the incomes from exportation are obtained for many countries through exportation of almost all their agricultural produce. The kind of products that are classified under this category include; coffee and tea, cocoa, spices, fruits , among other Aqua products for instance since they are exported in the various countries and this in turn helps to improve total revenues among other factors such as trade balances.

Industrial Development:

From the implementation of Pol Pot’s agriculture the base metal that was supposed to fuel the manufacturing industries of textile, sugar, rubber and the processed foods industry had been effectively removed of it. Therefore, based on the complementary role that HA has on the barn and also the industry I have concluded that the latter has a role to play in the creation construction of the barn and industry.

Innovation and Technological Advancement:

New version of some of the various things are often unveiled through this particular sector of technology and other similar spheres of technology in general. From the following points that I am going to highlight, you express your opinion on how mechanization in farming through improvement in mechanical and Biotechnology, create more awareness in use of machinery, efficient water supply and numerous advanced equipment in farming may help to boost production.

Thanks for reading…