Differences Between Cash Crop Framing and Subsistence Farming
Cash Crop framing is growing crops to sell at a profit. These crops can range from fruits, grains to vegetables and they are grown to make money. You can consume cash crops directly or can consume directly or maybe processed into products including biofuel and sugar. Cash crops are sold to the domestic market or exported to other countries.
In developed countries, all crops are cultivated to generate revenue. The prices of the major cash crops are fixed in a global commodity market including factors such as local demand and supply and shipping costs.
Our Cultivation of Cash Crops assignment help providers have stated that subsistence farming is producing crops to meet the family needs of the framer. People engaged in subsistence farming are self-sufficient and they grow adequate to meet their personal needs. In this kind of farming, the decisions on planting are made depending on the needs of the family.
In cash crops, on the other hand, farmers cultivate for capitalizing the market prices and demand. Some framers cultivate for the objective to feed their families while there are farmers who are engaged in subsistence and cash crop farming.
Cash crop cultivation may be profitable for not just framers but for outside farmers. These farmers need capital for costs such as fertilizers, seeds, farming equipment, land and they depend on stockholders for providing the capital they require for supporting the production of large-scale.
Importance of Cash Crops
Cash crops are crops that are cultivated to earn a profit. These crops are highly important for an economy. The importance is highlighted in our Cultivation of Cash Crops homework writing help as follows:
- Farmers can earn a living
- Societies grow, cities are developed
- Individuals can buy a greater diversity of food compared to if they have cultivated their own food
- Regions and farms can grow the crop that is very much in demand and the crop that is suited best according to the climate and land to maximize production.
- Generates revenue for the nation
- Offers employment opportunities
- Produces export products