Essay On Agriculture In Agriculture

How Does the Increase in Animal Agriculture Affect Economics?

The growth of the world’s population has led to a growth in animal agriculture, because as population grows, the need for food does as well. Animal agriculture is the use of animal farms to produce animal products that are then consumed by the general public. As agribusiness expands, issues such as the need for farm insurance and animal rights have received more awareness. Modern day industrialism is being applied to animal agriculture in developed nations such as the United States and Canada. Farm Foundation, a nonprofit organization focused on research in agribusiness and improving the economy through agriculture, claims that “the North American livestock industry is expected to

As any other business, animal agriculture has profits and costs. The gradual growth of animal agriculture over time has led society into asking: how does the increase in animal agriculture affect economics?

Effect of Animal Agriculture on Economy in Industry:

Animal agriculture is most directly influenced economically by industry. Decision Innovation Solutions, a research group with a background in agriculture, provides that “from 2004-2014, U.S. animal agriculture increased national gross product by $123 billion in economic output, boosted household earnings by over $21 billion and supported an additional 645,629 jobs.” The data, collected by Our Soy Checkoff, an organization for soybean farmers, shows how the growth of animal agriculture in the U.S. over a ten year course led to an increase in jobs and national wealth (“U.S. Economic Impact…”). The presented data demonstrates the improvement of the economy due to animal agriculture workers receiving more income, along with the increase in available jobs. iGrow, an extension of South Dakota State University with a focus on agriculture, says that in 2012 the U.S. animal agriculture was responsible for 1,851,000 jobs, a total economic output of $346 billion, $60 billion in household income, a paid income taxes of $15 billion, and paid property

The inevitable possibility of disasters and their outcomes of destruction leaves farmers at a risk of financial ruin. The 2014 Farm Bill in the United States was created to protect such agricultural producers, including livestock producers, from the devastation that can be caused to farms due to weather, disease from weather, or attacks by animals that were released or protected by the federal government. Provided by the University of Nebraska-Lincoln and the Institute of Agriculture and Natural Resources, the information can be trusted because it comes from a highly educated source that focuses on agriculture, and more specifically cattle by UNL Beef (“The 2014 Farm Bill...”). The source also explains how the bill provides protection, one way being through the Livestock Indemnity Program (LIP) for abnormal animal deaths, and another way being through the Livestock Forage Disaster Program (LFP) for losses in grazing lands. The LIP is managed by the federal operated Farm Service Agency (FSA) and economic assistance “is limited to a cumulative $125,000 per person per year across all programs” (“The 2014 Farm Bill…”). . The evidence from the 2014 Farm Bill verifies the importance and growth of animal agriculture in the economy because the 2014 Farm Bill and the LIP is a federally operated