Food and Agriculture

Food is the primal need for human survival. As per Maslow’s hierarchy of needs, food forms part of the basic needs of human beings. Being a sector before the term sector was invented, the agricultural industry has been in a state of constant evolution with the advent of time.

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• The global GDP from the food and agriculture sector has been projected to be around 24%.

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• Food and agriculture sector is estimated to be an $8.5 billion industry as of 2020 and is projected to reach $ 19.63 billion by 2027.

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• Technological advancement in agriculture and farming has seen multi-fold increase in production with reduction of human efforts.

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• Genetic manipulation, intensive tillage, monoculture, irrigation technologies, green farming and synthetic fertilizers are some of the advancements in agriculture technology.

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• Food and agriculture sector is a major source of employment in developing and under-developed countries.

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• Agriculture production of China, Brazil, USA, Russia and India range in billions of metric tonnes per year.

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