Ads504 Group Assignment

INTRODUCTION
• Developed countries in the West still place agriculture as one of the priorities in the
economic administration of their countries.
• Globally and nationally, the agriculture sector has undergone some changes,
resulting in new concerns and challenges.
• Productivity growth is based not just on agricultural inputs like labour, money, and
land, but also on knowledge and innovation, which may drive growth, create value,
and offer a platform for increased competitiveness.
• However, the Third National Agricultural Policy (DPN3) has identified strategies to
shift from input driven growth to productivity driven growth.
• This can be made possible by applying knowledge and innovation in the
agricultural sector.
• While traditional production variables such as labour, money, land, and
entrepreneurship will continue to be significant, knowledge and innovation will be
key drivers of development, adding value, and laying the groundwork for improved
competitiveness.
• Human resources, particularly the capacity to develop, strive to innovate, produce
and exploit new ideas, and employ the greatest technology and entrepreneurial
abilities, are therefore the major pulse to improve the agricultural sector`s
competitiveness.
• The agriculture industry is undergoing and will continue to experience changes as a
result of structural changes and the Malaysian economy`s exposure to
globalization.
• These changes are growing more obvious now, and forecasting the agricultural
environment in the future is difficult.
THE ISSUE/PROBLEM
SHORTAGE OF MANPOWER
• The agriculture industry is now experiencing a severe manpower shortage.
• Abandoned farms were frequent, and the labour lots that remain now are primarily
elderly people well into their 50s.
CLIMATE CHANGE
• Several agricultural characteristics, such as yield, cultivated area, and crop value,
are altering as a result of climate change, affecting agriculture`s long-term
viability.
• Climate change has diverse effects on the production of different crops.
THE ISSUE/PROBLEM
CHEMICALS USAGE
• Several agricultural characteristics, such as yield, cultivated area, and crop value,
are altering as a result of climate change, affecting agriculture`s long-term
viability.
• Climate change has diverse effects on the production of different crops.
PRICE VOLATILITY
• Price variations are inevitable since supply and demand are not elastic.
• Price volatility frequently jeopardies output and investment plans, particularly for
smallholder farmers with limited resources.
• In addition to price volatility, income volatility exists.
THE ISSUE/PROBLEM
LIMITED AGRICULTURAL EQUIPMENT AND MACHINERY FACILITIES

• Limited facilities of agricultural equipment and machinery
• The price of expensive and sophisticated equipment
• Production became declining and caused farmers to lose interest
IMPLICATION (ADVANTAGES)
CONTRIBUTION TO NATIONAL INCOME

• agriculture is definitely the most vital sector, in Malaysia
• This agricultural sector has also contributed to the establishment of the Malaysian
economy in the post-independence era, when the bulk of the population was
concentrated on agricultural and mining-related economic activity.
• The contribution of the agriculture sector to Malaysia's GDP in 2020 is 7.4 per cent.
SOURCES OF FOOD SUPPLY

• Agriculture is the primary source of food for all countries across the world, whether
they are developing, developing, or developed
• The demand for food is rapidly growing in undeveloped and emerging nations due
to severe population pressures and rapid growth
• Agriculture's failure to fulfil growing food demand has been shown to have a
negative impact on the economy's growth rate.
• increasing food supply through the agricultural sector is critical for a country's
economic success
PROVISION OF SURPLUS
• Progress in the agriculture sector creates surpluses that
may be used to boost agricultural exports. Because of the
increased demands on the foreign exchange position
required to finance the imports of fundamental and
essential capital goods in the early phases of growth, an
increase in export earnings is more desired.
• Malaysia total agricultural exports has increased from
RM115.5 billion in 2019 to RM118.6 billion in 2020.
CREATION OF INSFRASTRUCTURE
• Roads, market yards, storage, transit trains, postal services, and other
infrastructure are required for the agriculture development, which creates demand
for industrial products and the commercial sector.
IMPLICATION (DISADVANTAGES)
ENCOURAGE WIDE CLEARING OF LAND
• Roads, market yards, storage, transit trains, postal services, and other infrastructure
are required for the agriculture development, which creates demand for industrial
products and the commercial sector.
USAGE OF MODERN MACHINERY

• Many people in the agricultural industry may lose their employment as a result of
the usage of sophisticated technology
• Replaced by more modern and productive machinery than humans.
• As a result, modern agriculture may result in substantial unemployment as well as
excessive financial investment by our farmers.
SUGGESTION/RECOMMENDATION
SHORTAGE OF MANPOWER
• The use of modern machinery cannot be considered as a solution to address this
problem.
• The involvement of young people in the agriculture industry is a must to fill the
shortage of labor resources in this industry.
• The recruitment of foreign workers which is considered as a solution will be
detrimental to the government because there will be a high outflow of money.
• Initiatives to attract young people to get involved in agriculture should be designed
in detail in order to attract young people to get involved in the agriculture industry.
• Learning facilities, complete market and financial loan facilities can be used as an
initiative for young people to get involved in this industry.
CLIMATE CHANGE
• Government's primary obligation to provide sufficient support so that farmers can
adapt to various climatic conditions
• In order to impact farm-level productivity, practices, and financial management,
appropriate authorities must properly develop government subsidy supports and
incentive programs.
CHEMICALS USAGE
• The government should monitor farmers who use excessive chemicals.
• This is to ensure the health of consumers as well as to ensure that the products
produced are of good quality and free of chemicals.
PRICE VOLATILITY
• The government should play an important role in controlling product prices.
• Government should also set the volume of production from large producers so that
price stability can be controlled.
LIMITED AGRICULTURAL EQUIPMENT AND MACHINERY FACILITIES

• The provision of subsidies or funds to purchase agricultural equipment and
machinery should be intensified by the government.
• Farmers will have the ability to purchase agricultural equipment and machinery.
• Will be able to increase competitiveness as well as agricultural productivity will
increase.
CONCLUSION
• Food security has become increasingly crucial as a result of the pandemic's

influence on agricultural productivity and costs. The need of ensuring food supply
stability is critical, particularly for agricultural goods with low self-sufficiency and
significant import reliance. We may deduce from the previous reasoning that
agricultural growth is essential for a country's economic development. Agricultural
development is a priority for even industrialized countries.

Ads504 Group Assignment

Uploaded by

Copyright:

Available Formats

Ads504 Group Assignment

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Ads504 Group Assignment

Uploaded by

Copyright:

Available Formats

INTRODUCTION

LIMITED AGRICULTURAL EQUIPMENT AND MACHINERY FACILITIES

CONTRIBUTION TO NATIONAL INCOME

SOURCES OF FOOD SUPPLY

USAGE OF MODERN MACHINERY

LIMITED AGRICULTURAL EQUIPMENT AND MACHINERY FACILITIES

• Food security has become increasingly crucial as a result of the pandemic's

You might also like