Agriculture marketing is the word which is being used in the world of trading. When the goods are transferred from producer to consumer is termed as agriculture marketing. Most of things are connected to each other in agri marketing like production, growing, harvesting , packing, transport, storage, distribution, advertising etc. Market should provide profit to all whether its a customer or producer. It must be customer oriented. In olden days their were different techniques has been applied to transfer product but today in modern marketing different procedures applies to transfer the agri product from producer to customer. Agri products contain everything Seeds, grains, fruits, vegetables, vegetable oil etc. In the development of rural areas, income generation, linkage market plays an important role. These connect social and economic needs.
In the olden days it was very difficult to know the status or rates of the products but in the modern world new technologies are developed through which one can get each and every information related to the market and can be up to date. SMS on cell phone and FM radio facility provides best service to the customer as well as producer. Internet is the another way to get the information. The changes occure can be seen easily. Agriculture commodities are of two types hard and soft. Corn, wheat, soyabean, sugar all are soft commodity. Hard commodity are mined from the ground. One fifth of total GDP contain by agriculture commodities.
Agriculture marketing has two objectives :
1. Sale of surplus commodity
2. Buy other commodity to satisfy needs.
Basically market is divided into three parts :
1.Wholesale market
2. Retail market
3. Fairs
Marketing channel is used through which products are transfer from producer to consumer. Marketing channel consist of storage, handling, transporting, packaging and retailing. In India agriculture is the largest source of employment.
Spot trading is the another term used in market in which delivery takes place on the spot or immediately. Future marketing also done in agriculture products in which the product is being buy or sell in the future trading. The National Commodity and Derivative Exchange, the Multi Commodity Exchange of India Ltd and the National Multi Commodity Exchange of India Ltd. All three have electronic trading and settlement systems and a national presence. Trading in commodity is much more easier then Stocks because their margin is very low. Brokrage is ranges from 0.05% to 0.12% only.
Commodities are generally considered as more stable and consistant in investing but it also have some risk. Agriculture product are transferred from the producer to the consumer in many different ways. Some acts are also applied over the agriculture trading. On average, every hour, 24 hours a day, 365 days a year, around $6 million in U.S. agricultural products–grains, oilseeds, cotton, meats, vegetables, snack foods, etc., will be consigned for shipment for export to foreign markets.
Month: May 2018
Sioux City Agriculture Attorney Understanding Complexities
There are many states that have huge agricultural industries compared to others. Just like in Sioux City’s Tri-State Region that includes Iowa, Nebraska and South Dakota, agricultural business owners are in need of lawyers who can look after their legal rights. Not only will the lawyers need to protect their rights but also help them with their business transactions and documents.
There are many areas in the law that is in themselves huge areas to handle. This is one of the reasons why lawyers would need to specialize in their chosen areas of the law in order to learn more about related laws and provisions. People should then consider this when they hire lawyers for specific reasons and purposes.
There are many Sioux City lawyers yet not all of them are good in handling issues that deal with agricultural law. And even if there are many Sioux City agriculture attorneys in the city, it is no guarantee that you already found the right kind of lawyer to help you.
But what kind of lawyer do you look for in an agriculture law attorney?
One of the most important traits or qualifications of an agriculture law attorney is the in-depth knowledge of agricultural law. He must also be much immersed in the complexities of the agricultural industry and understand them well. This agricultural lawyer that you choose should also be capable of representing you and your company in different agribusiness ventures. It is also but crucial that the lawyer understands the government regulations, public relations, science and markets in the agriculture industry; this is of significance since he should be able to advise his clients in their business needs.
The agriculture industry is evolving and so the agriculture law attorney should also be aware of this ever-changing nature of the industry. When it is asked of him, the lawyer should be able to provide timely advice so the client can keep pace in the industry. And when the need arises, an agriculture law attorney must also be capable in helping clients in the assessment of the market risk together with the legal risk.
There are many complexities in the agriculture industry. As if the industry is not complicated enough, every state in the country can even have different laws and regulations to be observed in the industry. But nonetheless, agriculture law is known to be comprehensive. As long as you are able to hire an agriculture law attorney, who understands the laws and is well-aware of any changes, then you should be able to handle any issues that could come your way.
Agriculture in India
Indian economy is growing faster owing to the industrial and agricultural sectors since the revolution. India has also shown its dominance and sustained growth in the service and manufacturing sectors as well. But primarily, India is a land of agriculture. Our forefathers were agriculturist. Almost seventy per cent of Indian population is engaged in agricultural practices either directly or indirectly. Earlier, traditional methods were used in agriculture; farmers were using bullock carts, and were sowing seeds manually. Nowadays, farmers have adopted modern tools and techniques in agriculture and are now able to produce double output. Modern agriculture includes implementation of various new technological and institutional factors like use of HYV quality seeds, improved ploughs & irrigation, fertilizers, tractors, harvesters, and other important inputs.
India is the largest producer of sugarcane, tea, cashew, coconuts, turmeric and black pepper and ranks second largest producer in terms of rice, wheat, groundnut and inland fish. Agriculture is the largest economic sector and plays a very important role in the overall socio-economic development of India. Agriculture and other allied sectors account around 16.6 per cent of the total GDP in the year 2007. Moreover, India produces around 10 per cent of the total world’s fruit production, ranking first in banana and sapota production.
Indian Government is taking measure of meeting agricultural requirements by way of introducing various schemes such as construction of rural go downs, strengthening of agricultural marketing infrastructure, developing information network, and grading & standardization. Further, Indian Government has also established the Indian Agricultural Statistics Research Institute for launching new techniques and procedures for the various agricultural experiments, data analysis and specializes in statistical implementations for cattle and plants breeding.
Ministry of Agriculture has been giving much emphasis on commercializing agricultural production in the country. Sufficient food production & distribution has been considered high priority and global issue. On the other side, the ministry is also emphasizing on practice of horticulture by way of NHM and dissmenting latest production techniques.
Farmers holds small piece of land of their ancestral properties and practice agriculture. The average size of holding by each state varies from 0.5 hectare (Kerala), 0.75 hectare (Tamil Nadu), 3 hectares (Maharashtra), 3.65 hectares (Rajasthan), 4.03 hectares (Punjab) and the highest of 7.28 hectare (Nagaland). Sizes and areas vary due to the natural factors such as rain, soil, climate, population and quality of land. The agricultural output also differs due to inadequate rainfall in a particular year.
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