What is statistics in agriculture?

What is statistics in agriculture?

The principal tasks involved in agricultural statistics are the collection, processing, and analysis of statistical data that characterize the current status and development of agriculture and the fulfillment of production plans. Such data are used to draw up yearly and long-range plans for agricultural production.

Is agriculture in demand in Philippines?

Agriculture in the Philippines is one, if not the essential industry in the country. It consists of forestry, crop production, livestock farming, and aquaculture cultivation. ... These plants are vegetables and fruits to sustain their own demand ever since the coronavirus COVID-19 pandemic has started in the Philippines.

What agricultural crop is most profitable per acre?

8 Most Profitable Plants To Grow

  • Bamboo. Landscapers and homeowners are paying as much as $150 each for potted bamboo plants, and many growers are finding it hard to keep up with the demand. ...
  • Flowers. ...
  • Ginseng. ...
  • Ground Covers. ...
  • Herbs. ...
  • Landscaping Trees and Shrubs. ...
  • Mushrooms. ...
  • Ornamental Grasses.

Which agriculture is best?

In this post, we bring you some major and money-making agriculture business ideas that provide good returns.

  1. Agricultural Farm Business. ...
  2. Organic Fertilizer. ...
  3. Flower Business. ...
  4. Fertilizer Distribution. ...
  5. Poultry Farming. ...
  6. Mushroom Farming. ...
  7. Sunflower Farming. ...
  8. Organic Farming.

Is agriculture a good investment?

Real assets, like income-producing agriculture, provide a hedge against inflation, and are an attractive investment for a diversified portfolio. Agriculture as an alternative investment has little to no correlation with the stock market, and produces solid returns compared to other asset classes.

Why should we invest in agriculture?

With over 7.

What are the best agricultural stocks?

The best agriculture stocks
CompanyMarket CapDividend Yield
Archer-Daniels-Midland (NYSE:ADM)$24.

Is farmland a good investment 2019?

Furthermore, values still remained high through 2019 at an average $3,160 per acre, according to the USDA. In the end, investing in farmland may be a potentially fruitful move for those looking to hold an overall stable, tangible asset.

Who is the largest seed company?

Monsanto

What is the biggest agricultural company?

Cargill

What is the largest food company in the world?

Nestlé

What are the 4 cash crops?

Cash Crop. Cash crops are grown for direct sale in the market, rather than for family consumption or to feed livestock. Coffee, cocoa, tea, sugarcane, cotton, and spices are some examples of cash crops. Food crops such as rice, wheat, and corn are ...

Is banana a cash crop?

Commercial Banana production-A boon to small and marginal farmers for sustainable livelihood. ... Commercial banana production was used as cash crop for economic empowerment and diversification of livelihood.

What is the most profitable crop in Nigeria?

Having said that, let's take a closer look at some of the types of Farming that does very well in Nigeria.

  • Rice Farming. Nigeria has one of the world's highest Rice consumption stat. ...
  • Cassava Farming. ...
  • Plantain Plantation. ...
  • Poultry Farming. ...
  • Pineapple Farming. ...
  • Beans Farming. ...
  • Catfish Farming. ...
  • Goat Rearing.

What are the top 10 crops in the world?

The 10 Most Important Crops In The World

  • Rice. Wikimedia.
  • Potatoes. Wikimedia - Midori. ...
  • Cassava. Wikimedia. ...
  • Soybeans. Wikimedia. ...
  • Sweet potatoes. Wikimedia. Annual Production 2008: tons. ...
  • Sorghum. Wikimedia. Annual Production 2008: tons. ...
  • Yams. Wikimedia. Annual Production 2008: tons. ...
  • Plantains. Wikimedia. Annual Production 2008: tons. ...

What is the biggest cash crop in the world?

The largest crop in the world is sugar cane from Brazil followed by corn from the United States. Brazil produces over 700 million tons of sugar cane. Braziil produces twice as much sugar cane as the U.S. produces corn.