It is hard for a nation to survive without agriculture and agricultural activities, not just because it is a food source but because it is connected to the production of all basic human needs.
FREMONT, CA: Following are some of the benefits of agriculture:
1. Job creation:
Production, harvesting, transport, processing, distribution, packaging, and
retail marketing compose the agricultural value chain. Human labor manages these stages to ensure a smooth flow, which is how agriculture creates job opportunities.
The Agriculture sector is the largest in the nation's economy, employing about two-thirds of the nation's labor force.
Nevertheless, the general misconception that agriculture is a labor-intensive sector tends to discourage people from participating.
2. Source of raw material for other industries:
One of the most crucial benefits of agriculture is that it acts as a pillar for many other industries. Excluding agriculture, they may not be able to survive. This is since agricultural products serve as raw materials for many items.
The essential needs for human survival, food, shelter, and clothing, depend on agriculture for their production. In addition, agriculture uses raw materials such as crops for food, silk for cloth, and wood for shelter.
Similarly, other pharmaceuticals, cosmetics, and rubber industries rely on raw materials from agricultural products. So be sure that agriculture runs the world.
3. Entrepreneurial and investment opportunities:
Agriculture offers opportunities for entrepreneurship through various ventures such as honey, beef, poultry, and many others. Unfortunately, some of these ventures are low capital and high-interest endeavors.
However, certain factors can challenge agricultural entrepreneurship. They incorporate; pests and diseases infestations, post-harvest loss, poor road networks, and others. The advantages of agriculture will be sub-par if these issues are appropriately addressed.
Similarly, there are many opportunities for agricultural investment. This ranges from tangible assets such as crop and animal production to intangible ones such as stocks, futures, and bonds
.
4. Economic diversification:
With the income from oil declining in Nigeria, the nation is seeking economic diversification, and the agricultural sector is a good substitute.
One of the ways agriculture aids economic diversification is through the production of export products. Today, Agriculture remains the leading non-oil sector of the nation's economy, providing nearly 70% of non-petroleum exports.
Other ways economic diversification through agriculture can be achieved are by utilizing technology in the sector to achieve maximum output, financing indigenous farmers for productivity, and engaging youths in agricultural practices.
5. Food security:
FAO defines food security as when all people have physical, social, and economic access to adequate, safe, and nutritious food that fulfills their dietary requirements and food preferences for an active and healthy life.
Digital agricultural platforms also use various tools to improve small-scale farmers' livelihoods. "If we don't help farmers, we might wake up one day to face (full-scale) food scarcity."
Agriculture plays a huge role in the nation's development, and maximum utilization of what it offers Could create a significant impact.