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Food security, Agricultural development (Capital intensive options, less…
Food security, Agricultural development
Basis for economic growth,
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Subsistence farming
Serves an important role in many many developing nations, being self sufficient in food.
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land in Africa is shared between a family and as family gets bigger land per family gets smaller. Subdivision
Lots of subsistence farmers only farm one crop, how can gov introduce cash crops.
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Capital intensive options, less labor
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If every country is industrialising, who is going to feed them all
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If agg productivity is low, how can nations ever hope to industrialise
Government policy mix must support both modern urban sector and the traditional rural sector. Chemicals etc.
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Crop prices,
Palm oil
bad for climate very very profitable vs other common crops. Soybean rape, sunflower oil
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benefits of switching will only be felt be elite, and could drive inequality.
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having a stable price is important as vast amount of disposable income goes on food in developing countries.
Low investment in agriculture, despite rapidly growing economies
Climate change is damaging land,
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Land reform needed to ensure farm land is appropriately sized. However land registers are weak in LDCs
Rural development
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Agg has 4 functions
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export, foreign exchange contributions to allow countries to import capital
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Factor market contribution; labour not needed on farms once productivity rises they can work in industry,
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As farmers lack collateral they can not gain credit , which means they can not afford to take children out of school which means poverty continues
Development of yield increasing technology. increase labour demand by developing labour-using technologies
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