Agricultural and Land Management Essay

Agriculture is a practice that has been around for millennia, so how is it that as a business option it is not doing as well as technology, industry or energy? The answer is, while it is quite simple to regulate technology, industry and energy agriculture is highly dependent on one thing that has been out of human control. The weather. For years, humans have had no control over the weather patterns (Hess et al. 2002). The current generation is spoilt for options. [1, Premise] They have weather satellites that can predict weather patterns. [2, Premise] The current knowledge on engineering enables them to build greenhouses and other facilities that allow agriculture to be practiced indoors. [3, Premise] They have scientific knowledge on crop and animal genetics. [1, Conclusion] The current generation should be able to produce more food than their predecessors.

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[1, Premise] Just like pharmaceutical products, agriculture is necessary for the continuation of human species. [2, Premise] The pharmaceutical industry is recession-proof. [1, Conclusion] Therefore, the agricultural industry is also recession proof. Human beings will need to eat whether the economy is bad or good. In bad times they while writing off luxury items such as cars and gadgets but they will stick to the basic needs such as food. This makes agriculture a safe bet. [1, Premise] It should also be noted that a lot of physical assets are inflation proof. [2, Premise] Land is a physical asset. [3, Premise] Agriculture requires land. [1, Conclusion] Therefore, Agriculture is inflation proof.

This paper has used both deductive and inductive reasoning to show how agriculture is a good business venture. One example of deductive reasoning is in the first sentence of the second paragraph," [1, Premise] The inventions of machines such as the ploughs was good for agriculture. It made work easier. [2, Premise] With the rise of machines, farmers were able to do more, with less effort within a shorter time. [1, Conclusion] The rise of machines led to agrarian revolution." This statement is self-evidently true it follows the valid reasoning. On the other hand, inductive reasoning has been used in the second last paragraph starting from the first sentence," [1, Premise] Just like pharmaceutical products, agriculture is necessary for the continuation of human species. [2, Premise] The pharmaceutical industry is recession-proof. [1, Conclusion] Therefore, the agricultural industry is also recession proof." The statement has signs of imperfection as it has made a broad generalization of a specific line of reasoning.

References

Moore, J. W. (2010). The end of the road? Agricultural revolutions in the capitalist worldecology, 1450-2010. Journal of Agrarian Change, 10(3), 389-413.

Hess, U., Richter, K., & Stoppa, A. (2002). Weather risk management for agriculture and agri-business in developing countries. Climate Risk and the Weather Market, Financial Risk Management with Weather Hedges. London: Risk Books.