This website uses cookies to ensure you have the best experience. Learn more

Agricultural Economics Essay

1096 words - 5 pages

Article review
The article entitled From a KING to a PAUPER, dated March 2, 2014, extracted from the Sunday Gleaner, discusses likely negative outcomes for the Jamaica Sugar Industry in years to come. The writer predicts a dim future for the sugar industry which once ruled the roost.
Summary
Jamaica is currently a top-flight sugar producing nation, however according to Western Bureau: Chairman of the Caribbean Karl James, all that could change by 2020 if Jamaica does not seek to implement new and creative strategies to add value to their product. This is very important as there will be a reduction in the price of bulk sugar.
It is being recommended that Jamaica invest in a refinery. ...view middle of the document...

Later under the British plantation system the island became the major producer and leading exporter of sugar in the world. The industry achieved its highest level of production in 1965when 516,825 tonnes of sugar were produced from 4,731,943 tonnes of cane reaped from 59,773hectares. At that time eighteen factories were in operation. Because of the need to increase efficiency and benefit from economies of scale the number of factories operating on the island declined steadily from 140 in 1900 to the current number of 8.

Critique of the article

The article reflects the feelings of individuals on the Jamaica Sugar Industry. There are currently eight factories operating in the industry. They are Frome, Monymusk, Bernard Lodge, Appleton, Long Pond, Worthy Park, St. Thomas Sugar Estates and Hampden. In the writer’s opinion, based on evidences and observed trends, the Jamaica sugar industry which at the moment is considered to be a top producer will lose its status in years to come. Currently Jamaica is in an agreement with the British firm Tate and Lyle. This deal spans over a three year time period. Currently the agreement is in its second year and no doubt this deal has caused Jamaica to become quite comfortable as they are gaining a relaxed amount of income.
Did the author support his main points?
The main objective of the article was to give evidences to support the reason for saying that Jamaica’s sugar industry will no longer be booming in the near future. The author supported his argument by giving quotations from three persons. These persons are Western Bureau: Chairman of the Sugar Association of the Caribbean Karl James, Donovan Stanberry permanent secretary in the Ministry of Agriculture and Josh Jadoo, a former director of the Factories Services Division of the Sugar Industry Research Institute. Overall, all three persons that the author made reference to holds the same beliefs as it relates to the Jamaican sugar industry. According to James if Jamaica does not invest in a refinery and add value to the product then there will be a dim future for the industry. Stanberry believes that after the three year agreement expires the industry will be in doom if they do not become creative and he...

Other Papers Like Agricultural Economics

Environmental Interupstions Essay

1312 words - 6 pages Chapter 01 Environmental Interrelationships     Multiple Choice Questions   1. An area of land in which there is little or no human development is referred to as a  A. tract development. B. reserve. C. wilderness. D. multiple land use.   2. Environmental science is an interdisciplinary area of study that deals with all of the following except  A. politics. B. economics. C. ethics. D. All of these are correct

The Impact of Trade Liberalization on Developing Countries

2165 words - 9 pages been many attempts to reach an agreement between countries on agricultural liberalization. The failure to reacha solution still persists, however, as was seen at the “Battle in Seattle”, in November of 1999 where strong anti-WTO sentiment took to the streets in mass protests. (Fabiosa, 2008, p. 1). This anti-trade stance asks the fundamental question whether agricultural trade liberalization is beneficial to developing

A Primer in Entrepreneurship

2413 words - 10 pages A primer in Entrepreneurship Prof. Dr. Ulrich Kaiser Institute for Strategy and Business Economics University of Zurich Spring semester 2008 Chapter 1: Introduction to Entrepreneurship Table of Contents I. II. Introduction to Entrepreneurship p p Changing Demographics of Entrepreneurs III. Entrepreneurship’s Importance IV. The Entrepreneurial Process University of Zurich ISU – Institute for Strategy and Business Economics Ulrich

Should We Pay Farmers Not To Grow Crops?

1267 words - 6 pages .? American Journal of Agricultural Economics. February 1988. 111-121. Buchholtz, Shawn, and Michael J. Roberts. ?Slippage in the Conservation Reserve Program or Spurious Correlation? A Comment.? American Journal of Agricultural Economics. February 2005. 244-250. Hoag, Dana L., and Herb A. Holloway. ?Farm Production Decisions Under Cross and Conservation Compliance.? American Journal of Agricultural Economics. February 1991. 184-193

Benefits Of Midwestern Agriculture On United States Economy

727 words - 3 pages , the Midwest is a prime agricultural area.Located in the Midwest is the Great Lakes Basin, also known as the world's largest system of fresh water. This Basin has more than one hundred thousand square miles of navigable water causing it to be the centerpiece of this major agricultural region. The Midwest is continuing to develop, increasing competition in both domestic and global economies. The natural water routes and canal links play an

Us Manufactrure

1816 words - 8 pages of benefits provided and hours worked per week for farm employees. The recent study conducted by Ohio State University’s Department of Agricultural, Environmental and Development Economics by mailed survey distributed to farm business owners with hired farm employees. This study found that the average value of cash wages paid to full-time farm employees was $28,265 per year. The average value of benefits was $5,960 per year. Average total

Organization Architecture

1033 words - 5 pages monopoly of agricultural products, and of price controls over most of agricultural ancillary products; abolishing many restrictive policies, allowing farmers to develop diversified business and set up township enterprises so as to fire their enthusiasm for production (China Facts Tours). These reforms emancipated and developed rural productive forces and promoted rapid growth of China’s agriculture – optimizing the agricultural

1920s and 1930s

628 words - 3 pages industries, it helped fuel the creation of a national system of highways. Economics dominated politics in 1930: FDR created many systems to better the United States but it didn’t affect the economy. In 1920s, agricultural surplus became the chief agricultural issue and collapsed, and then there was the Great Depression. Farm production gradually grows from expanded use of mechanized power, and light tractors were developed. Truckers began to capture

Transfer

303 words - 2 pages Program | Community College minimum required cumulative average for consideration: | University minimum required cumulative average for consideration: | Notes: Transfer credits upto 1 year | | | | | Bachelor of Commerce | 75% | 70% | In addition, applicants must present 4U English and Advanced Functions for all majors, plus one additional 4U math (or equivalent) when applying to Accounting, Food and Agricultural

Geography

2859 words - 12 pages Chapter 01: Introduction & Agribusiness Bangladesh has a first and foremost agrarian economy. It is the single largest producing sector of the economy of Bangladesh. Most of the Bangladeshi people are involved with agricultural activities. They earn their living by doing such activities. It includes about 30% of the country’s GDP. Near about 60% people of our country are involved with agricultural activities which prove that a large amount

Education

1573 words - 7 pages materials. Since the beginning of time, China has risen significantly in all aspects of life through agriculture, politics, economics, and population. The rapid development of such country has attracted worldwide attention in recent years. Compared with the population of 1265825048 from the 2000 population census (zero hour of November 1, 2000), the total population of the 31 provinces, autonomous regions and municipalities and the servicemen

Related Essays

Agricultural Economics Field Work Essay

575 words - 3 pages I. Background Mr. Luciano Aquino Jr. is a fish vendor who lives in Floridablanca, Pampanga with his wife. He currently has no children. The interviewers do believe that he is very successful in his business because he now has a car and a beautiful house. Besides selling fish, he also breeds dogs. He believes that one should love the business he or she set up and not let vices hinder the growth of it. II. Questions 1. What does he sell

The Effect Of Monetary Changes On Relative Agricultural Prices

5249 words - 21 pages , Agricultural Prices, Industrial Prices, Money Neutrality 1. Introduction Agriculture has played a pivotal role in the South African economy and will continue to do so. The fact that primary agriculture only contributed between 3 to 5 per cent to the GDP of South Africa over recent years understates the actual Post graduate student in the Department of Agricultural Economics, Department of Agricultural Economics, University of the Free State, Nelson

Common Agricultural Policy Essay

2435 words - 10 pages to Brooks, there were three reasons that prompted the inclusion of agriculture to the economic integration course in Europe.13 In the first case, there was a realistic 11Brooks, James, Agricultural Policies in OECD Nations: What can we learn from the Political and Agricultural Economy Models, (1996, Journal of Agriculture Economics) 371. 12 Fennell, p. 73. 13 Brooks, p. 367. difficulty in separating agricultural activities from the

Saving American Agriculture Essay

1013 words - 5 pages steadily, making agriculture all the more essential. Many current issues are affecting agricultural progress in America; basic concerns over water, land, and climate only begin to describe the complex predicament. Economics, as well as public involvement and education are important tools, needed to save American agriculture. Water is the chief resource for agricultural production. One historical dilemma between farming and water occurs when