Basic knowledge in Agriculture #39

Source: flyermaker

Discuss on Agricultural economics

This is the part of agriculture dealing with its economic and commercial aspect.
Agricultural economics is the art and knowledge of conservation, transportation, marketing and processing of farm products.
Most people would think it is only necessary after crops are harvested, which is not true. Agricultural economics is also put into practice even before the planting of crops; during cultivation, after cultivation and after harvesting. With the knowledge of this part of agriculture, one would know how to manage the capital, what to buy, when to buy and where to buy.
And after planting, it is applied in the distribution of the farm produce (i.e what to distribute, how and where to distribute them).

Importance of Agricultural economics

1. It promotes food security . Application of agricultural economics helps in the distribution of farm crops. It helps to know what amount to supply to make food sufficiently available for the society.
2. Agricultural economics helps the farmers and other people interested in farming to manage the farm. They are able to manage the capital, income, farm expenditures and other monetary resources.
   3.Supply and demand in Agricultural economics helps the farmers to determine the price and amount of farm produce going to the market.
3. Agricultural economics provides room for more employment opportunities in rural areas.

Challenges Encountered in Agricultural economics and possible solutions.

1. Pest and diseases: the problem of pests and diseases on crops reduces the quantity and quality of expected farm produce. This tampers with the supply and demand that is being expected
   Solution: this problem can be dealt with by the use of chemical or biological control, e.g pesticides, insecticides, crop rotation and planting of resistant crop varieties.

2. Climate change. The issue of inconsistent weather and climate change can disrupt the cultivation process of some crops; making them unavailable when they are supposed to be. This also hinders the distribution process of food .
   solution: climate change is not something that can be controlled by humans but a possible way to deal with this issue is planting climate resilient crops.

3. Fluctuating market price: fluctuating market price of materials in the market also affects and determines the farmers’ income and planning.
   solution: this can be curbed by still staying very current about the prices in the market and practicing crop insurance.

I'm inviting: @dodoim @blocksmart @tykay019

_{Posted using SteemMobile}