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Discovering agriculture potentials and country's wealth through innovation and technology
Blockchain enthusiast  Mar 17, 2023
Discovering agriculture potentials and country's wealth through innovation and technology

Agriculture has long been  considered the backbone of many economies around the world. The sector plays a vital role in not only providing food and fiber for our daily needs but also creating jobs and generating income for farmers and rural communities. Despite this, the wealth in agriculture has often been overlooked and underutilized.


In recent years, however, there has been a growing recognition of the potential that agriculture holds for driving economic growth and reducing poverty. This has led to increased investment in the sector, as governments and private sector players seek to unlock the full potential of farming.


According to recent research,It is revealed that many developed and underdeveloped countries that depends on agriculture products are generating larger percentage of there country revenue.In some region agriculture is the primary source of income and sustenance,and entire economies are dependent on it.In this content,for the sake of clarity we will explore some of the countries that depends on agriculture for survival.


India

India is the world's second-most populous country and is highly dependent on agriculture, which employs around 50% of the population. The country is one of the largest producers of rice, wheat, cotton, and sugarcane. The agriculture sector contributes around 18% of India's GDP and is a vital source of foreign exchange earnings.


China

China is the world's most populous country and is also heavily reliant on agriculture. Agriculture accounts for around 10% of China's GDP and employs around 25% of the workforce. The country is the largest producer of rice, wheat, and vegetables globally, and agriculture is crucial to China's food security.


Brazil

Brazil is the largest country in South America and is also a significant agricultural producer. Agriculture accounts for around 5% of Brazil's GDP and employs around 15% of the workforce. The country is the world's largest producer of coffee, sugarcane, soybeans, and orange juice, and the sector is a vital source of income and employment.


Kenya

Kenya is a developing country in East Africa that is heavily dependent on agriculture. Agriculture accounts for around 25% of Kenya's GDP and employs around 75% of the workforce. The country is a significant producer of tea, coffee, and flowers and is an important source of agricultural exports for the region.


Ethiopia

Ethiopia is a landlocked country in the Horn of Africa and is one of the continent's largest agricultural producers. Agriculture accounts for around 40% of Ethiopia's GDP and employs around 80% of the workforce. The country is a significant producer of coffee, pulses, oilseeds, and cereals, and agriculture is essential for the country's food security.


Nigeria

Nigeria is a West African country and the most populous country in Africa. Agriculture accounts for around 22% of Nigeria's GDP and employs around 60% of the workforce. The country is a significant producer of cocoa, palm oil, and cassava and is an essential source of agricultural exports for the region.


Roles of Technology in unlocking agricultural wealth


Technology has had a significant impact on agriculture, transforming the way farmers work and increasing productivity, efficiency, and sustainability. Here are some of the key impacts of technology in agriculture:


To address these issues,many governments and organizations have been working to improve the productivity of smallholder farmers. This includes initiatives such as providing access to better seeds, fertilizers, and other inputs, as well as training and education programs to help farmers adopt best practices.


Another driver of the wealth in agriculture is the potential for value addition. This refers to the process of adding value to agricultural products through processing, packaging, and marketing. By doing so, farmers can increase the price they receive for their products and capture a greater share of the value chain.


Value addition can take many forms, from simple activities such as drying and packaging to more complex processes such as canning, juicing, and other forms of food processing. In many cases, these activities can be carried out by small-scale entrepreneurs and cooperatives, creating additional employment opportunities and supporting local economic development.


In addition to productivity and value addition, the wealth in agriculture can also be unlocked through greater market access. This includes both domestic and international markets, where farmers can sell their products for higher prices and access a wider customer base.


To access these markets, however, farmers often need support in areas such as market information, logistics, and quality assurance. Governments and  organisations can play a role in providing this support, as well as working to reduce trade barriers and promote fair trade practices.


Finally, the wealth in agriculture can also be harnessed through innovation and technology. This includes advances in areas such as precision farming, irrigation, and climate-smart agriculture, which can help farmers improve their yields and reduce their environmental impact.


Innovations such as mobile phone apps and digital platforms can also help farmers access market information, connect with buyers, and access financial services. These innovations are particularly important for smallholder farmers, who often face greater barriers to accessing information and services.


In conclusion, technology has had a profound impact on agriculture, enabling farmers to work more efficiently, sustainably, and profitably. With continued advances in technology, the agricultural sector is likely to become even more productive and sustainable in the years ahead.The wealth in agriculture is vast and untapped. By investing in productivity, value addition, market access, and innovation, we can unlock the potential of farming for economic prosperity and reduce poverty in rural communities. With the right policies and investments, agriculture can be a key driver of economic growth and development in countries around the world.

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