Farming Mind Map #1

Farming Mind Map #1

1. Effects

   • Economic
     • Pros
       • Source of income for many huge corporation companies
         • More money made
           • Advances in agricultural research
             • Safer ways to eat and drink
               • Happy population, Happy corporation
                 • More people likely to go into industry
                   • More money made by companies
                     • Less reliance on imports
       • Value for country
         • More people recognize and respect country
           • Country currency has higher value
             • Can export products with more benefits
               • Advancements in technology (possibly from third world to first world country)
                 • Mechanization in farming increases
                   • More products made for less with machine
                     • More money made by farmers and exporters
       • Creates new jobs
         • Agriculture is a big industry
           • People are more likely to pursue agriculture related jobs
             • More tax dollars for government
               • Advances to agriculture and other industries/services
                 • More advanced country
                   • More immigrants and graduates
                     • Immigrants and graduates need jobs
     • Cons
       • High expenses in marketplace
         • People buy less of that product
           • Lower demand for product
             • Farms receive less profit
               • Farms go out of business
                 • More imports needed to due less farms
                   • More money spent on imports
                     • Less grocery stores have food from their own land
       • Low profit as farmer
         • Less likely to convince people to go into this industry
           • Less "family made" farmers overall
             • Need to mechanize due to low numbers of farmers
               • High cost of mechanization
                 • Less likely to buy
                   • Farmers go out of business
       • Fertilizer costs increased over past few decades
         • Went from $53 per acre to $166 in 1990-2015 (Schnitkey & Sellars , 2016)
           • Overuse of fertilizer to increase crop yield led to these numbers
             • Huge investments for people in farming industry
               • Bankruptcy is likely if not succesful
                 • Empty farmland
                   • Price of farmland grows the longer its empty
                     • People less likely to invest in farming industry due to high prices

Images and files in the map