What Is Importance Of Agricultural Economics To Nigeria Agricultural Development?


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Connor Sephton answered
First of all, it's important that you understand exactly what agricultural economics are, and how they are important to any economy. It is only through a good understanding of the basics of agricultural economics that you can apply them to specific areas, such as Nigeria. Agricultural economics, or Agronomics, began with the application of typical economic principles - profit, loss, input, expenditure and so on - to the process of growing crops and breeding livestock. However, modern Agronomics covers many more bases, including soil and land preservation and sustainability, competitive pricing and trading.

As with most countries, Nigeria is partially reliant upon its agricultural produce and labor in order to sustain the people and the economy of this country. However, unlike many countries in the western world, Nigeria is very heavily dependent upon its agriculture, with an estimated 70 per cent of people employed in the world of agriculture in some way. Major crops such as melons, cocoa beans and palm oil are all produced in Nigeria and consumed on both internal and international levels. However, large-scale agriculture is uncommon, with families owning their own livestock and land on which to grow crops.

The application of Agronomics could benefit Nigeria's agricultural economy in a number of ways. One main way in which Nigeria's agricultural economy could benefit is through the application of mass-production. Rather than individual families and small units producing their own livestock and crops, large-scale industries, production lines and farming systems are more efficient in terms of cost and time. However, arguments rage surrounding the introduction of modern, capitalist agronomics to Nigeria. For example, if families own their own livestock and land, they are directly responsible for their income, and any money they make goes directly to them - whereas, if members of the family worked on a plantation or in a factory, they would be vulnerable to the will of their employer.

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