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16467367
Farming Mind Map #1
Description
Farming Mind Map
No tags specified
grade 9
Mind Map by
Alex W
, updated more than 1 year ago
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Created by
Alex W
almost 6 years ago
8
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0
Resource summary
Farming Mind Map #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
Media attachments
Money (binary/octet-stream)
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