Agriculture, which is a primary economic activity, inherits many shades: cultivation of food crops, commercial crops, plantation, dairy, and so on. It is quite indisputable that most of the global economic activities are built around or fuelled fundamentally by agriculture. While most of the nations are involved in some form of agriculture, the nature and extent is often decided by the geographical conditions in which they find themselves in - countries like China and India, with a large expanse of plain, fertile and water-fed land, fill the major portion of world's rice-basket; USA is largely...
View more Agriculture, which is a primary economic activity, inherits many shades: cultivation of food crops, commercial crops, plantation, dairy, and so on. It is quite indisputable that most of the global economic activities are built around or fuelled fundamentally by agriculture. While most of the nations are involved in some form of agriculture, the nature and extent is often decided by the geographical conditions in which they find themselves in - countries like China and India, with a large expanse of plain, fertile and water-fed land, fill the major portion of world's rice-basket; USA is largely corn and wheat producer; and Srilanka is delightfully associated with tea. Despite these diversities, global agriculture has been a fascinating story of sustained and mutually-complementary growth.
But the future and success of agriculture will significantly evolve around its ability to adapt to innovative ways of responding to exploding food demand; exponential growth in population across the globe could possible mean a more scientific way of cultivation. Farming community may well have to look at increased utilization of agro-implements, fertilizers, chemicals, and high-yielding seeds in order to carry on a viable occupation. Even as they realize the worth of a more scientific farming, it is an opportune time for agro-based industries to respond to the evolving needs of farming community and be benefited in turn.
Challenges and Opportunities
Developing stain-resistant seeds
Over the years, crops have increasingly become susceptible to newer or self-manipulating stains of diseases. Even as research companies claim to have found an answer to counter them, there could be a newer and more elusive stain lurking somewhere. Therefore, the challenge lies in not just responding but also predictive of possible manipulation.
Thinking beyond in-organic
While in-organic fertilizers are globally accepted norm, yet they have, from time to time, been debatable from health and soil-fertility perspective - a classic example is the DDT, which got banned from use in any form. Therefore, fertilizer manufactures or marketers may well have to look beyond just harnessing business possibilities in in-organic fertilizers.
Environmental-friendly pesticides
Food crops have increasingly become reliant on pesticides. Even as we conclude it safe to grow crops with pesticides, there is a growing consensus that their indiscriminate use could potentially be harmful to health and environment. Because pesticide manufacturers/companies operate and are governed by global health and environmental safety policies, they may well have to progressively minimize the adverse effect of pesticides on health and environment.
Simplifying agro-implements
While agro-implements have considerably eased the process of cultivation, there is still ample scope for innovating and simplifying them. Moreover, with the demand for agro-implements expected to rise, market would increasingly remain oligopolistic, where volumes rule prices. Therefore, agro-equipment companies, apart from having to simplify their products, may well have to be prepared for realigning their pricing strategy.
Global Market Dynamics
Stakeholders in agro-based industry/market would generally have a profitable time. But, like the geographic-specific prevalence of agriculture, they can expect the markets to be booming, growing, or saturated. While most of the advanced nations including the USA, UK, Japan, Russia would continue to offer business as usual, it is the emerging markets comprising India, China, Brazil, and African nations - with ample scope for scientific farming - could well be the regions to watch out for.
RnRMarket Research's UVP
RnRMarket Research's catalogue of agro-specific research & statistics comprises compilation of works by authentic researchers and agencies, whose insightful studies are revered to be business and operational guidelines for global agro-business operations.
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