How has globalization impacted farming trends?

Globalization has accelerated the development of agrarian creation at a faster rate than at any other time. The rate of development 10 years earlier was 3%, and currently it has risen to around 4 to 6%. Be that as it may, these expanded development rates include a significant change in their creation. Recent globalization has been characterized by a decline in the costs of cross-border trade in agricultural and other products.

It has been mainly driven by the revolution in information and communication technologies and, in the case of agricultural products, by the reduction of government distortions in agricultural production, consumption and trade. Both have boosted economic growth and reduced poverty worldwide, especially in Asia. The first of these factors, but perhaps not the second, will continue for decades to come. World food prices will also depend on whether (and to what extent) agricultural productivity growth continues to outpace demand growth and on the extent to which diets in emerging economies opt for livestock and horticultural products at the expense of commodities.

Demand, in turn, will be driven not only by population and income growth, but also by crude oil prices if they remain at the current historically high levels, since that will affect demand for biofuels. Policies to mitigate and adapt to climate change, the evolution of the water market and market access rules, in particular for transgenic foods, will increase future uncertainties about production, prices and trade. Modern agricultural techniques, such as organic agriculture, irrigation with tubular solar wells and tunnel agriculture, are widely used in irrigated areas where vegetables and fruits are grown. However, whether this leads to a decrease or increase in general food self-sufficiency and in net exports of total agricultural products also depends on the growth of agricultural productivity in relation to non-agricultural production (Anderson, 198) and on trends in government assistance to farmers in relation to producers of other marketable products.

Leave Reply

Required fields are marked *