2006-09-21 01:36:37 · 6 answers · asked by tshepoboshiana 1 in Social Science ➔ Economics
More and more each day we see our society drift away from agriculturally-based economies and even from manufacturing economies and drifting toward more service-oriented economies. Ever since the Industrial Revolution, this gradual shift from agricultural societies to service societies has been inevitable. And now with the advent of technology, businesses find it more feasible to drift with the economy than to fight to invest in a sector of the economy whose place has been significantly reduced.
This is not to say agriculture is not important. But by virtue of technology, lesser and lesser businesses need to engage in agriculture to meet the demand of the public. Businesses who try to break into this sector of the economy might have a hard time doing so, and might even find it a struggle to stay afloat with agricultural revenues.
2006-09-21 03:05:10 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It has been around for thousands of years like prostitution, is a business that will never die as long as humans live. But neither have there been much success story either. Believe it will rebound someday but just don't see it in the near future.
The cost of an egg is about 15 cents twenty years ago, it cost almost the same now, a corn worth 80 cents then, it cost 50 cents now. Our John Deer Technology had over harvest this trade and is causing more losses than profit. Riping the fruit of success is just an old saying, and it going to be forgotten. If you ever watch those black and white TV in the 1960's, those farmers would tell their sons not to follow their father's footsteps staying in the farm, and almost always painfully but wishfully asked to leave and get a life in the big city. Just wonder this might be one of the reason why agriculture is such an unglorifying job
2006-09-21 03:30:46 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Would seem to mainly rest on the imbalance in production whereby some very established producers such ie New Zealand for wool and butter etc seem to produce large quantities cheaply.
The incentive therefore should be to increase the value added element. At that level companies do invest but will source product rather than produce it themselves. Perfect example..coffee
2006-09-21 01:43:52 · answer #3 · answered by whysochilli 2 · 0⤊ 0⤋
Unfortunately because it is hard work with minimal profit. Also there are uncontrollable elements such as diseases an undesirable weather.
Too bad...I have always admired the farmer. I consider them the backbone of the earth.
2006-09-21 01:41:20 · answer #4 · answered by Robere 5 · 0⤊ 0⤋
Because farmers wont get the proper rates in the proper season so that as I think....
2006-09-21 01:38:37 · answer #5 · answered by shashi_s14 3 · 0⤊ 0⤋
it is a outdated cow business i personally think, and it is also mostly saturated
2006-09-21 21:35:55 · answer #6 · answered by david w 5 · 0⤊ 0⤋