Agricultural Economy


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Agricultural Economy

Any local or national economy heavily dependent on agriculture. Most jobs in an agricultural economy are rooted in farming and ranching, at least tangentially. For example, even if one does not farm, one may make a living selling tractors and other farm equipment. Agricultural economies are often in very rural areas. How well such an economy performs may depend heavily on exogenous factors like the weather.
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Zimbabwe, a naturally fertile land which once had a thriving agricultural economy, is facing economic meltdown with inflation of 1,700 per cent (the highest in the world), food and fuel shortages and an unemployment rate of around 80 per cent.
and its evolution from an agricultural economy to a service economy focused on tourism and free trade zones.
The European Commission said the scheme had ensured a basic stability for domestic livestock producers and provided a safety net for the survival of the Manx agricultural economy as a whole.
International experience has shown that many socio-economic benefits accrue from biofuel production, including job creation, foreign exchange savings and strengthening of the rural agricultural economy.
The latest quarterly Rabobank Rural Confidence Survey has found 39 per cent of the nation's primary producers now expect the agricultural economy to improve over the next 12 months, up from 21 per cent with that view in the previous quarter.
Another "beneficiary" will be Ethiopia, where the bungling government has bankrupted its agricultural economy.
The output from Scotland's beef, sheep and pig farming sectors contributed 935m [pounds sterling] to the Scots economy, and beef production is the biggest single sector of the Scottish agricultural economy at 29% of total output.
According to the newspaper, however, while the Farm Bureau contends that such a mandate would help reduce local pollution and improve agricultural economy, those opposed to the requirement, including Petroleum Marketers and Convenience Store Association lobbyist Suzanne Schaefer, have expressed concerns about acquisition problems related to the alternative fuel resulting in fuel price hikes.
A plague of locusts, perhaps extending beyond more than one growing season, has devastated the agricultural economy of Judah to the point that there is nothing left even to make appropriate sacrifices in the Temple.
In the last 10 years, Costa Rica has begun an interesting transformation from an agricultural economy to a more technological economy.
Manhattan staked its future on the controversial Tambogrande gold mine proposal, which has been opposed by local residents concerned about water contamination and effects on the area's agricultural economy.

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