Is Farming Business a Reality? An Expert Opinion
Access to food is the primary concern of people on earth; this makes farming – the worlds’ largest, lucrative and most significant industry. It is an exciting and rewarding career choice, it gives you an opportunity to be your own bosses, to live and work in a quiet environment. Whatever your reasons are for wanting to farm, farming is a business and must be managed as a business to ensure success and profitability.
Agriculture is Uganda’s oldest industry; the one great industry that underlies all others, the one by which the progress of all other industries is measured—an industry that compares favorably with any other of the great industries such as mining. It is the most natural, healthful, useful, honorable occupation and I believe the most profitable. It is the only one industry that Ugandanswho have failed to succeed in all other pursuits can fall back upon and gain a livelihood—one that has less educated people engaged in successfully than any other known to man.
History reveals that growth in agriculture has tended to be followed by wider economic development; from the industrial revolution that began in United Kingdom in the 18th century and spread to other now developed countries like China and Vietnam, growth in agriculture has always been the precursor to the rise of industries and services. Growth originating in the agricultural sector is 2-4 times as effective as growth originating in the non-agricultural sector in increasing incomes of the bottom third of the income distribution (The 2008 World Development Report). According to Timmer and Akkus (2008), no country has sustained a rapid transition out of poverty without raising productivity in its agricultural sector.
For thousands of years, many farmers in Uganda have been practicing Traditional Farming. They have served the primary purpose of providing food for
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