Global Agricultural Industry: Trends In The Global Agriculture Industry

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CHAPTER 1
Introduction
Global Agriculture Industry Agriculture makes a diverse contribution to the economy across the world and plays a crucial role in the life of an economy. Agriculture is an industry that has been associated with the production of essential food and crops for decades. Despite a very significant growth in food production over the past half-century, one of the most significant challenges facing society today is how to feed an expected population of over nine billion people by the year 2050. The industry employs more than one billion people and produces $1.3 trillion dollars’ worth of food annually (Sustainable Agriculture, 2017). It is considered to be the backbone of our economic system. Agriculture is a consistent source …show more content…

There are several trends within the agriculture industry causing it to progress. Advance technology (production, information, transportation), increasing reliance on information, importance of controlling economic resources, understanding how to direct human resources, understanding consumer demand, recognizing the integration of businesses, identifying the impact of concerns about the environment, food safety, food availability and food cost and appreciating the implication of globalizations are all trends that increasing the production of agriculture (Trends in Agriculture — Agricultural Law and Management, n.d.) In order to continue to be an advancing industry they must have valuable leaders within the field of …show more content…

By the year 2050 population is expected to increase to over 9 billion people. This means that income and food demand will grow exponentially. The agriculture industry is far beyond successful and it continues to evolve daily. Agriculture is more than farming and ranching. The agriculture industry is comprised of food, energy, fiber and it is ever changing.
According to the U.S. Census of Agriculture, in 1951 President George Washington write to farmers requesting information on land values, crop acreage, crop yields, livestock, prices and taxes. This gave an overview of how much money should be allocated locally and nationally for farm programs, extension service projects, research, soil conservation programs and land grant institutions (U.S. Census of

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