Nobody downloaded yet

Agricultural dilemma - external forces/impacts on the farming industry which causes the market to struggle - Term Paper Example

Comments (0) Cite this document
Summary
Human sustainability is highly dependent on availability of agricultural produce. Human existence will be curtailed without enough agricultural production in the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95% of users find it useful
Agricultural dilemma - external forces/impacts on the farming industry which causes the market to struggle
Read TextPreview

Extract of sample "Agricultural dilemma - external forces/impacts on the farming industry which causes the market to struggle"

Download file to see previous pages The global demand for agricultural production increases at a rate of 6 percent annually thus several measures must be undertaken to increase the supply of the agricultural production and meet the demand. Strategic planning process must ensure all stakeholders have relevant information on the external environment trends and factors influencing the trends in the external market. According, agricultural managers and other relevant stakeholders must undertake measures to mitigate the negative impact of the external forces that may negatively affect the productivity of the agricultural industry (Ridout, 2002).
Suppliers in agricultural industries have the potential of creating competitiveness in the industry by implementing innovative farming techniques and understanding the trends in consumption in the market. Some factors that influence demand of agricultural products include the changes in income levels, changes in consumer preferences and shifts in consumer tastes. The production levels of agricultural produce are basically driven by factors of demand and supply and suppliers undertake measures to fulfill the demand in the market. For instance, the increase in human population both in rural and urban settlements has increased the demand for agricultural products. Accordingly, the emergency of modern farming technology has created demand for high quality agricultural products thus affecting the consumer preferences. In this case, a decline in consumer incomes leads to a decline demand for the products thus culminating to a decline in the prevailing market prices. Accordingly, an increase in the prices will lead to an increase in supply, but this trend will negatively affect the demand of the products in market. In this case, excess supply leads to decline in process while excess demand leads to an increase in the prices of the products. (Sarris & Hallam, 2006).
Considering the escalating ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Agricultural dilemma - external forces/impacts on the farming industry Term Paper”, n.d.)
Agricultural dilemma - external forces/impacts on the farming industry Term Paper. Retrieved from https://studentshare.org/macro-microeconomics/1624446-agricultural-dilemma-external-forcesimpacts-on-the-farming-industry-which-causes-the-market-to-struggle
(Agricultural Dilemma - External forces/Impacts on the Farming Industry Term Paper)
Agricultural Dilemma - External forces/Impacts on the Farming Industry Term Paper. https://studentshare.org/macro-microeconomics/1624446-agricultural-dilemma-external-forcesimpacts-on-the-farming-industry-which-causes-the-market-to-struggle.
“Agricultural Dilemma - External forces/Impacts on the Farming Industry Term Paper”, n.d. https://studentshare.org/macro-microeconomics/1624446-agricultural-dilemma-external-forcesimpacts-on-the-farming-industry-which-causes-the-market-to-struggle.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Agricultural dilemma - external forces/impacts on the farming industry which causes the market to struggle

What causes market monopoly

...into the market. Any area in which government regulation requires some form of vetting or approval creates barriers to entry for companies. The same is true in the opposite: any situation in which access to a resource is restricted because of government regulation causes barriers to entry. Illegal drugs represent a resource subject to perfect regulation, that is, illegal. The regulation has created a large profit potential because of the risk of dealing with an illegal product, and by definition, any business in this industry is criminal in nature. We point out that the illegality of the resource creates the ultimate barrier to entry by firms that desire to operate in a legal manner, and...
10 Pages(2500 words)Essay

Tree Farming vs Agricultural Farming

...while employing selective breeding and growth hormones for animal farming. These methods have increased the yield but also made negative impact on environment. In tree farming, plantations are solely for commercial purposes, therefore like agricultural farming, measures are taken to maximize the output. Instead of fertilizers, fossil fuels are burnt to make carbon dioxide available for these trees. But as the huge plantations absorb great quantities of carbon dioxide, its carbon footprint is minimal and it has given the perception of sustainable production of forest goods over time. Agricultural farming and tree...
2 Pages(500 words)Essay

Farming

...?Farming: Potatoes’ Role in America during the War Potatoes have been central to almost every kind of culture. In America, it is currently being favoured in a number of food shops. From humble cafes to five-star-restaurants, this kind of crop has been popular. How about in history? Did this tuber have an impact on major occurrences in the past? This paper delves into the significance of potatoes on Americans throughout historical war fares. Potato originated from the Spanish word, “patata”. It has been one of Spain’s popular crops since the late 1500’s (Romans 8). This word is a combination of “Taino batata” which stands for the sweet potato and the “Quecha papa” which is the actual potato. Reportedly, it...
4 Pages(1000 words)Essay

Canadian farming industry

...CANADIAN FARMING INDUSTRY In rural Canada, farming has become a way of life on hereditary. The agriculture families have deep roots in the annals of their community. Farmers of Canada are not only providing food supplies but also allowing other industries to sustain. The railways, retailers' restaurants, fertilizer companies, pesticide companies, equipment dealers etc. depend on the annual crop and harvest to make a gain and profit. Despite the need of produce of agriculture for growth of national economy, the farmers are being sent away from rural land ownerships at alarming rate in Canada whereas the statistics reveal that prices of...
10 Pages(2500 words)Essay

Compare non agricultural plant management strategies with farming

...of animals which in turn helped the agriculture. The agricultural crops, being major food producing crops serve as a major energy suppliers. For example, rice and wheat supply enormous amount of energy in major parts of the world. In some countries, potato and sweet potato along with maize and soyabean supply the required energy levels to different groups of the people. At the same time, agricultural crops face several challenges like the reduction in cultivable area and severe increase in global population putting tremendous pressure on exploring limited options. With the settlement of agriculturists in place of hunter gatherers, the energy level requirement has gone down due to lesser...
6 Pages(1500 words)Essay

Soybean Industry 5 Forces Evaluation

...Soybean Industry 5 Forces Evaluation Soybeans are an agricultural product that can be use for multiple purposes which along with food related application it can be to produce oil and can be used as raw material for alternative fuels production. One of the industry leaders in the soybean business is Monsanto Corporation. Soy bean originated in Asia, but its production has moved to other parts of the world including the Americas. The soybean industry will be studied in this paper by utilized Porter five forces model emphasizing on opportunities and threats. The five forces of Porters model are current rivalry, potential...
2 Pages(500 words)Essay

Forces Industry Analysis of the PC Industry

... 1.0. Porter 5 Forces industry analysis of the PC industry Through incessant transitions in the industrial periphery, the Personal Computers (PC) industry has today emerged as one of the most dynamic and influential business sectors in the global arena. Similar to other industrial contexts, the PC industry also possesses certain unique characteristics deciphering the attributes of an oligopoly market structure (Yoffie & Rossano, 2012). Contextually, the competitive structure of the PC industry can be well-identified with the application of the Porter’s 5 Forces model....
6 Pages(1500 words)Essay

Refrigerators: Reservoirs and Sinks, External Forces

... Refrigerators: Reservoirs and Sinks, External Forces Part 1 – Describe in detail what a heat pump or a refrigerator does, in terms of reservoirs and sinks, external forces. The description should be done in your own words and not just copied from another source. It should include specific terms from the course and be written in prose. A refrigerator is a household appliance that is artificially kept cold to preserve food and beverages for a reasonably long period. It consists of a thermally insulated compartment accompanied with a heat pump that is used to transfer heat from inside the fridge to the external environment. So that cold temperatures below room temperature are acquired in the internal compartment to facilitate food... which...
2 Pages(500 words)Coursework

External Forces, Brand Strategy and Strategic Position

... Business External Forces, Brand Strategy and Strategic Position: A Case Study. Abstract The paper discusses external forces, brand strategy and strategic position within the transport business particularly with the airline and rail divisions. The company has a thirty year history, and since inception the company has gone to ride on the mistakes of the already established big boys thereby winning itself its own niche in the globally competitive industry. The paper explores this concept under three major banners: external forces analysis, performance analysis, brand extension strategy to successfully implement in...
8 Pages(2000 words)Essay

Farming Technology: Agricultural Mechanization

... Farming Technology: Agricultural Mechanization INTRODUCTION The agricultural industry has undergone many developments that have made the industry grow fast. This growth can be attributed to the industrial revolution that has led to developments in the industry. According to Rachel (2003) there has been the development of complex machines that has made farming easier and more efficient. Governments are investing in agriculture, in a bid to ensure that there is enough food security. The main aim of coming up with...
6 Pages(1500 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Agricultural dilemma - external forces/impacts on the farming industry which causes the market to struggle for FREE!

Contact Us