Economic implications of increased agricultural production
Abstract
It is proposed to discuss, at the broad aggregate level, the
implications of a specific rate of growth of agricultural
production in the future, and for this purpose, 4% per
annum has been chosen. At this rate of increase, it would
take 15 years to reach the required targets.
As all the implications of an increase to this level cannot
be discussed in the space available, this paper will be confined
to the following special questions:
(1) What resources are required for a 4% rate of growth?
(2) What rate of return would be earned on these resources?
(3) How can the resources be shifted in to agriculture?
(4) The indirect use of resources.
(5) Some special quasi economic objections to faster
agricultural growth.... [Show full abstract]