Themain reason is the lack of government support.
Agriculture sector provides funds for capital formation in many ways as: The rising agricultural surplus caused by increasing agricultural production and productivity tends to improve social welfare, particularly in rural areas.
During depression, industrial production can be stopped or reduced but agricultural production continues as it produces basic necessities of life. It aims at providing a wider choice in service provision to increase cost-effectiveness and competitions; Results based resource transfers: The government is to educate the farmers in rural areas to boost Myanmar agricultural sector.
Agricultural advancement is necessary for improving the supply of raw materials for the agro-based industries especially in developing countries. Purchase of industrial products such as pesticides, farm machinery etc.
Also, agricultural plots owned by foreigners must be no larger than 20 hectares. The government should woo private players by giving them incentives to play a major role in agricultural research and development.
Agriculture is the basic source of food supply of all the countries of the world—whether underdeveloped, developing or even developed. But when the agricultural productivity increases, the incomes of farmers lead to expand the demand for manufactured goods.
The development of agriculture requires roads, market yards, storage, transportation railways, postal services and many others for an infrastructure creating demand for industrial products and the development of commercial sector.
Agriculture sector requires less capital for its development thus it minimizes growth problem of foreign capital. Extension of Market for Industrial Output: From the above cited explanation we conclude that agricultural development is a must for the economic development of a country. Seed industries in Myanmar should be privatized by the government because the role of seed industries is not only to produce adequate quantity of quality seeds but also to achieve varietal diversity to suit various agro-climatic zones of the country.
Helpful to Reduce Inequality: In the initial stages of economic development, it is agriculture that constitutes a significant source of capital formation. Underdeveloped and developing countries need huge amount of capital for its economic development.
Supply of consumption goods: But most farmers in Myanmar use their traditional native seeds. So the farmers mostly use traditional transportation such as carts and bullock cart and so forth. Reduction in the pressure of population on land: These facilities obviously are a gift from the industrial sector.
Foreigners now may own agricultural land if they inherit it; co-own the land through marriage to a Georgian citizen or by being a member of a Georgian citizen household; or hold a residence permit. Mark Ramree SeptemberAgriculture is the backbone of Myanmar economy not only contributing to the overall economic growth of the country and but also sustaining a standard of living for more than 60 per cent of the Myanmar population.
Thus development of agriculture sector is also relevant on political and social grounds. But most farmers in Myanmar use their traditional native seeds. Power is needed to run the machines to be used in agriculture. Raising supply of food by agricultural sector has, therefore, great importance for economic growth of a country.
Lack of Mechanization In spite of the large scale mechanization of agriculture in some parts of the country, most of the agricultural operations in larger parts are carried on by human hand using simple and conventional tools and implements like wooden plough, sickle, etc.
Agricultural Sector Economy of Ghana Lecture Notes By MPA 1. Economic Growth and Development •Economic growth rate is the rate of change in real income or real output. Economic growth is a Economic Growth and Development & Agricultural Sector.
Agriculture Sector Development. Mark (Ramree) Myanmar’s agricultural sector dominates the economy, contributing 38 per cent of GDP, and employing more than 60 per cent of the workforce.
Now, low labor productivity in Myanmar’s agricultural sector is the lowest in Southeast Asia. An agricultural worker in Myanmar earns only $$ Improving the enabling environment for private sector investment, smart use of public financing and promoting responsible investment can help maximize finance for agricultural development "Future of Food: Maximizing Finance for Development in Agricultural Value Chains" provides details on maximizing finance for development in agricultural.
Agricultural Sector Development Strategy (ASDS) is a step in this direction.
The strategy is a testimony of the teamwork of the sector ministries and the Government’s commitment to our farmers and rural people. ADVERTISEMENTS: Some of the major role of agriculture in economic development of a country are as follows: Agricultural sector plays a strategic role in the process of economic development of a country.
It has already made a significant contribution to the economic prosperity of advanced countries and its role in the economic development of less [ ]. Development Strategy (ASDS) which envisages an agricultural sector that, byis modernized, commercial, highly productive and profitable, and utilizes natural resources in a sustainable manner.Development of the agricultural sector