Some economic and social implications of increased pastoral production: Economic implications at the industry level

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) Whqt rate of return would be earned on these resources? ( 3) How can the resources be shifted into agriculture? ( 4) The indirect use of resources. ( 5) Some special quasi economic objections to faster agricultural growth.