Economic importance of cash crops. What are the importance of cash crops? 2023-01-06

Economic importance of cash crops Rating: 9,3/10 489 reviews

Cash crops are agricultural products that are grown for the purpose of being sold on the market. They are typically high-value crops that are in demand by consumers, and they play a significant role in the global economy.

One of the primary economic benefits of cash crops is that they provide a source of income for farmers and rural communities. In many developing countries, agriculture is a primary source of employment and income, and cash crops can provide a lucrative option for farmers. By growing and selling cash crops, farmers are able to earn a higher income, which can be used to improve their living standards and invest in their communities.

In addition to providing income for farmers, cash crops also contribute to economic growth at the national level. By exporting cash crops to other countries, a nation can earn foreign currency, which can be used to fund development projects and improve the overall standard of living. For example, coffee is a major cash crop in many developing countries, and the export of coffee generates significant revenue for those nations.

Cash crops also have the potential to stimulate economic development in rural areas. By providing a source of income and employment, cash crops can help to reduce poverty and improve living standards in these areas. In addition, the infrastructure and facilities needed to grow, harvest, and transport cash crops can also create jobs and stimulate economic activity in rural areas.

Furthermore, cash crops can also have positive environmental impacts. Many cash crops, such as coffee and cocoa, are grown in tropical regions and can help to preserve forests and other natural habitats. By providing an economic incentive to preserve these areas, cash crops can play a role in conservation efforts.

In conclusion, cash crops are an important economic factor for farmers, rural communities, and nations around the world. They provide a source of income, stimulate economic growth, and can contribute to the development of rural areas and the conservation of natural habitats.

Plantation Crop With Economic importance and Distribution

economic importance of cash crops

In the case of coffee 97. For example, coconut husk is used to produce coir fiber annually to a tune of 2,19,600 tones in India. Thus, dairy also provides employment throughout the year. Cash crops have played a large role in shaping the world throughout history. In all you will have done 4 responses, as well as answered the two questions, the response I need written is for the a and b responses already posted.

Next

Cash Crops

economic importance of cash crops

The more factory farmers produced, the more money they made, which is the essence of the process. The export of spices generates foreign exchange earnings of Rs. A total of Rs. How are cash crops grown? The cultivation of fruit crops has a significant impact on the overall well-being of humans and the state of the nation. It should be grown on a large contiguous area estate or plantation 3. Estate or plantation: The term estate or plantation refers to a large scale agriculture unit, usually of a single crop or a large contiguous area usually under a single crop managed by individual or company. It is generally agreed that the per capita production and consumption of fruits can be used to determine the overall standard of living of a population.

Next

economic crops/cash crop

economic importance of cash crops

This led to large amounts of antibiotics being sprayed all over the animals. Tea planted in hill slopes and cashew in barrel and waste lands protect the land from soil erosion during the rainy season or due to heavy winds. The biggest cash crops in modern day America currently are corn and soybeans; which bring in about 50 billion dollars each. Nonetheless, smallholder farming has been eroding over the last three decades, perpetuating rural poverty and marginalizing remote rural areas. India is the leading country in the total production of certain plantation crops in the world. By being said of plowing versus someone spading and any number of other cases.

Next

Cash Crop Farming: Meaning, Advantages, and Disadvantages

economic importance of cash crops

What was the number 1 cash crop? For instance, tea industry offers direct employment to 10 lakhs and indirect employment to 10 lakh people, while-cashew processing factories alone provide employment to 3 lakhs people besides 2 lakhs farmers are employed in cashew cultivation. In the case of wheat, GN, and Ragi, the yield is 3. Tomatoes are also among the highest yielding crops, along with sugar cane and sugar beets. These animals are usually on grain-based diets because grain is cheaper than other forms of animal feed and help the animals reach market weight faster. That is, the growth of cereals, fruit trees, and potatoes is supported by temperate climatic conditions, whereas rice, soybean, etc. Soon after the discovery of agriculture people found they could easily grow Even today cash crops play a vital part in most of the world. The gobar gas from the dung is used as fuel for domestic purposes as also for running engines for drawing water from well.

Next

(DOC) THE CONTRIBUTION OF CASH CROPS TO THE ECONOMIC DEVELOPMENT OF TANZANIA: MWIJARUBI JOSEPHAT.

economic importance of cash crops

Man cannot subsist solely on cereal grains. What factors caused many people to give up farming and move to the city? What is an example of a cash crop? Most of the services, such as transportation, food, housing, ect. This article explores the current role of agriculture and rural development in African national economies and its potential for improving material standards of living and life chances. However, it is not helpful for farmers with small plots. Economic importance High levels of productivity: High yield per square metre of land: Fruit crops produce a higher yield per unit area of land than any other agronomic crop, regardless of the crop type. Fruit crops have the ability to produce a higher tonnage of yield per unit area than other field crops, which makes them more profitable.


Next

globalEDGE Blog: Cash Crop Blog Series Introduction >> globalEDGE: Your source for Global Business Knowledge

economic importance of cash crops

Who created cash crops? Marijuana Called Top U. Thus, we see that subsistence farming and cash crop farming differ in the basic purpose with which they are practiced. Furthermore, the price of cash crops depends on the supply and demand in more developed countries, the least developed countries being the suppliers. When were cash crops invented? What will happen if we only grow cash crops? In general coconut and cashew nut are cultivated in coastal belt. Produce has to be processed before they are put to use. Consumers feel that fresh-cut fruits and vegetables are the healthiest formats available for processed fruits and vegetables, which has allowed the fresh-cut category to prosper. The main draw back with this sector: of crops in India is that major portion of the area is of small holdings except Tea which hinders the adoption of intensive cultivation.

Next

Economic Importance of Fruits

economic importance of cash crops

These crops occupy less than 2 per cent of the total cultivated area i. On wastelands, traditional farming is unprofitable due to the lack of resources. Grapes, mangoes, and bananas yield 20-40 tonnes per hectare 1. The produce is suitable for consumption only after processing. Cash crops are a major economic factor in almost every region of the world.

Next

What are the importance of cash crops?

economic importance of cash crops

In the more developed countries, intensive cultivation and mechanized farming techniques are commonly used. Source of Raw Material for the Agro-Based Industries In the agro-based industry, fruit growing offers the raw materials for canning and preserving products, among other things fresh fruits. They contribute to national economy by way of export earnings. Fill in the boxes below to explain how each step led many farmers to leave their farms for a life in the city. Cash crop costs are majorly determined by the commodity markets with a global scope. The manure from animals provides a good source of organic matter for improving soil fertility and crop yields. Plantation industry supports many by-product industries and also many rural industries.

Next

economic importance of cash crops

Ans : Ripening is characterised by an increase in the breakdown of starch within the fruit, as well as an increase in the number of simple sugars that are sweet in taste such as sucrose, glucose, and fructose as a result of this breakdown. It has been observed that in the earlier times, cash crops were a small but critical part of the total production of a farm. Agriculture as a source of raw materials for agro-based industries: Fruit farming offers raw materials for agro-based industries such as canning and preservation of fresh fruits coconut husk , pharmaceutical companies Aonla, Papaya, Jamun , transportation and packaging industries, among others. If all the farmers will grow only one kind of seeds and crops, the price of that particular seeds and crops would fall and there would be no profit to the farmers. In North America, there is a wide variety of cash crops that are grown and sold.

Next

economic importance of cash crops

Efficient utilisation of resources: Fruit production allows for more efficient resource utilisation because it is a perennial crop, allowing growers to remain actively involved in farm operations throughout the year and to utilise all available resources and assets such as machinery, labour and land for production purposes throughout the year, as opposed to agronomic crops. Areca nut crop employs 6 million people. It began because demand for meat, milk, eggs and other animal products increased. DO NOT FORGET TO ALSO ANSWER THE QUESTIONS! Fruit tree farming helps to prevent soil erosion, silting of tanks, and air pollution. The only The earliest agriculture consisted of humans planting crops like wheat for their own consumption.

Next