CHAPTER 1

• Agriculture is the science and art of cultivating the soil, including the allied pursuits of gathering in the crops and rearing live stock.
• Tillage, husbandry, and farming are all aspects of agriculture.
• Cultivation and domestication are two of the most fundamental processes that led to agriculture.
• Agricultural production is a crucial aspect of agriculture.
• Agriculture contributes a significant percentage of the national income in many countries.
• Most developing countries’ annual revenue is over 50% dependent on agriculture.
• Heavy population pressure, especially in developing and underdeveloped countries, leads to increased demand for food.
• If agriculture doesn’t increase, the country’s economic growth rate can be adversely affected.
• Agriculture is the basic source of food for many laborers, decreasing rural poverty in developing countries.
• Improved irrigation methods, seeds, and fertilizers have led to increased agricultural production.
• Agriculture provides raw materials for various industries, including infrastructure development.
• During depression, industrial production can be stopped or reduced but agricultural production continues as it produces basic necessities of life.
• As agriculture becomes more and more commercialized, the banking sector has in turn experienced tremendous growth.
• If a country is able to export a lot of agricultural products as a result of increased productivity, the foreign exchange earnings will also increase.
• An increase in the exports earning is more desirable because of the greater strains on the foreign exchange situation needed for the financing of imports of basic and essential capital goods.
• The rising agricultural surplus caused by increasing agricultural production and productivity tends to improve social welfare, particularly in rural areas.
• Development of several policies regarding credit and price can improve agricultural credit and price.
• Increase in Quality of R & D can improve agricultural infrastructure.
• The living standard of rural masses rises and they start consuming nutritious diet.
• Increased production of agricultural products not only earns and conserves foreign exchange but also expands other economic sectors.
• Minimal political and social tensions are very important for economic development.
• Improvement in Technology can increase the quality of research and development in agriculture.
• Agricultural progress can give most people hope of a better tomorrow.
• Rural masses lead a comfortable life having all modern amenities.
• The progress in agricultural sector provides surplus for increasing the exports of agricultural products.
• To reduce this inequality of income, it is necessary to accord higher priority to agriculture.
• In a country which is predominantly agricultural and overpopulated, there is greater inequality of income between the rural and urban areas of the country.
• Development of banking sector is crucial for agricultural progress.
• Agriculture is very important on social and political grounds.
• Farmers require credits at low interest rates, thus formation of lots of financial institutions with credit facilities.