Agriculture vs oil - page 13. | Bitcointalksearch.org

Synchronice

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Quote from: Hewlet on October 07, 2023, 12:49:30 AM

We know the oil market is booming and countries with oil resources are really making a huge fund out of it and sometimes they do it at the negligence of another local natural resource.

But, of course, the agricultural sector, though not given the proper recognition and the required investment is one sector that contributes seriously to the development and dependence of most nations .

No matter how blessed a country is with oil minerals, if its agricultural sector isn't working and she has to rely on other country for her food and agricultural resources then in event of war or political differences they might suffer.

Agriculture vs oil, which is the big deal when it comes to the economic strength of a country?

Quote from: Poker Player on October 07, 2023, 12:55:15 AM

You pose a false dichotomy, especially since agriculture today is highly dependent on oil. Fields are tilled with power tillers or tractors, grass is cleared with weed cutters, many crops are mechanized, like modern olive harvesting which is picked by machine, many fertilizers are derived from oil, etc. Without oil, agriculture would not have even 20% of its current productivity.

Seems, both of you, probably unintentionally, missed that oil and agriculture can't work at its best without scientists, including chemists, physicists and engineers. In order to have qualified personnel, you have to run great universities and do scientific researches. So, what's the best economical strength? Agriculture, Oil or Education? Then there is a manpower, no one wants to work in agriculture or in oil, also, it's very hard and requires talent/willingness to become a scientist. So, we have four power/advantage right now instead of only oil and agriculture. Every country lacks at least one of them, so, as you see, economic strength of each country still depends on other countries.
Probably, right now, the most advantage has Norway when it comes to all of these four. According to food safety index, they are number 3, according to oil reserves, they have plenty for themselves and export it in another countries, then comes education, they are highly educated and have great universities and manpower, they are vikings!

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Quote from: Hewlet on October 07, 2023, 12:49:30 AM

We know the oil market is booming and countries with oil resources are really making a huge fund out of it and sometimes they do it at the negligence of another local natural resource.

But, of course, the agricultural sector, though not given the proper recognition and the required investment is one sector that contributes seriously to the development and dependence of most nations .

No matter how blessed a country is with oil minerals, if its agricultural sector isn't working and she has to rely on other country for her food and agricultural resources then in event of war or political differences they might suffer.

Agriculture vs oil, which is the big deal when it comes to the economic strength of a country?

Oil is an important aspect of an economy so you don't have to see oil as something that does nots determine the fast tracking of a country growth when we related to the use of heavy and light weight machineries that are used in the farm for planting and harvesting.

This is why she can see that Russia will keep seeing oil to other countries like India and China because they depend highly on oil to keep there manpower on production level. Agriculture is also another part that a country need to maintain or else something devastating can happen in a long run if other countries decided to halt there food exportation like the way India did.

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Quote from: Cryptomultiplier on October 07, 2023, 03:15:28 PM

Without agriculture, that is food, I don't see how the refineries would function because the operators got to eat to have strength to drill to the depths that oil resides.
Agriculture business is one huge industry that cannot be shoved aside as we see when its price gets high or import and export trade of it gets restrained.
The oil industry might be very necessary but we have seen alternatives to its use that even automobiles and generators now run on electric current, water, gas and even solar.

If I were to buy stocks or investment in any between these two sectors, I would invest about 60% more in agriculture than in the oil market.

Agriculture is the base that fulfill the basic need of human beings. So, the first priority should be on agriculture and not upon oil which in recent days have served as one among the essential thing. The investment over agriculture have grown high from the corporates. This itself shows the priority, and for the oil rich countries countries the economy depends much on oil. Even those countries have begun to develop artificial farm lands that are used for cultivation of different crops. Alternate source to oil is getting importance soon after the war between Ukraine and Russia and countries even begun to develop infrastructure for the same.

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Without agriculture, that is food, I don't see how the refineries would function because the operators got to eat to have strength to drill to the depths that oil resides.
Agriculture business is one huge industry that cannot be shoved aside as we see when its price gets high or import and export trade of it gets restrained.
The oil industry might be very necessary but we have seen alternatives to its use that even automobiles and generators now run on electric current, water, gas and even solar.

If I were to buy stocks or investment in any between these two sectors, I would invest about 60% more in agriculture than in the oil market.

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Quote from: Hewlet on October 07, 2023, 12:49:30 AM

We know the oil market is booming and countries with oil resources are really making a huge fund out of it and sometimes they do it at the negligence of another local natural resource.

But, of course, the agricultural sector, though not given the proper recognition and the required investment is one sector that contributes seriously to the development and dependence of most nations .

No matter how blessed a country is with oil minerals, if its agricultural sector isn't working and she has to rely on other country for her food and agricultural resources then in event of war or political differences they might suffer.

Agriculture vs oil, which is the big deal when it comes to the economic strength of a country?

Countries like Nigeria have diversify there attention from agriculture for a very long time and have focused on fuel and its all in a matter of time, car production are adoption green energy usage so the demand of fuel will reduce over time, and agriculture is everlasting because people must eat, agriculture is something people can not do without but the government is doing is neglecting agriculture. And to me agriculture comes with more economy strength if taking seriously. With time a lot of countries will know the importance of agriculture and know that fuel won't be important for ever.

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42 gallons (158 litres) of oil costs $85 wholesale
158litres of fruit juice costs more then $85 whole sale
what more needs to be said about the sales potential of agriculture without the complications of prospecting, extracting, refining

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be it agriculture or mining (oil), both have an important role in human life. In carrying out daily activities and carrying out work, we cannot be separated from machines, both in the agricultural and factory sectors, which both require petroleum energy sources to start tractor engines so they can plow fields, as well as factories which require petroleum. the factory can operate.

However, even though these two things are important, the agricultural sector must be a top priority to address food availability in every country so that it can ensure the survival of humanity. And indeed, currently the condition of the agricultural sector in most countries is very worrying. There is no regeneration because the younger generation is now reluctant to work as farmers and prefers to work in offices rather than as farmers for reasons of prestige, land is increasingly scarce and the availability of fertilizer is increasingly scarce. And these things are still the main problems in the agricultural sector.

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Oil is power. Its what is needed for a country to proper. Even if the country only have few agricultural land, they can develop more agricultural lands once they have the money from oil.
What is happening with OPEC today who controls our gas prices, is an evidence of what they can do.

Its why there is PetroDollar agreement with Saudis but this seem to be fading now so the countries dependent on gas/oil is getting wrecked by the day. But true that if the country have agricultural lands though, they can provide food security for the people.

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The role of agriculture in the economic strength of a country is important agriculture is the largest sector of employment. A large section of the population depends on agriculture for their livelihood although paddy and jute are the main crops here wheat is of greater importance. Tea is cultivated in the north eastern region due to the abundance of fertile land and water rice is grown and cultivated three times a year in many regions. But in recent times oil is needed in the age of technology where everything is mechanized using diesel powered agricultural machinery for tillage, harvesting transportation threshing threshing and irrigation. The coming season will further increase the use of a large number of diesel powered irrigation pumps.

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However, your comparisons are incorrect. But I think oil is more important. Oil is needed to produce any crop. Most of the grain production machines are oil operated. Without oil, a country's operations would come to a standstill. Cereals are grown in almost all countries. Agriculture is also very important for a country. No country can run without agriculture. Because if a country does not produce crops then it has to depend entirely on other countries for food which is never good for a country. But without oil it is not possible to carry out agricultural work. Do you really understand what I mean, I'm actually talking about this era where without oil it will not be possible to grow competitively.

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Quote from: Hewlet on October 07, 2023, 12:49:30 AM

Agriculture vs oil, which is the big deal when it comes to the economic strength of a country?

Agriculture is far better than oil. Humans will continue eating the same kind of food but the world power source will keep evolving. My city was the richest a century ago because we had large deposits of coal. Today coal is worthless and we are one of the poorest states that depends on the financial allocation of the federal government to survive. But the other agricultural states are financially buoyant and it has been so for many years. Crude oil will soon become obsolete but humans will keep eating grains for millions of years in the future. Very soon agricultural machines will be powered by electricity, solar, and other means, oil will be ditched.

Quote from: icalical on October 07, 2023, 07:20:06 AM

If we talk about the effect on economic strength, then Oil is definitely has more significant effect on it. First of all, the modern agriculture also relies on oil, all those machine was running on oil. Other than that, almost all countries has fertile soil, where they can grew crops and make farm, but not many countries has oil resources, thus make supply much less than the demand. And this is why many countries now trying to move to renewable energy.

It is not every country that has enough arable land to feed its population. Even if their lands are fertile some of them have to rely on imports from other countries for some certain agricultural produce. The weather condition determines the kind of crop that can be productive in each country so there will always be interdependence.

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Depending on the context of your question, what is called the state, is that income only for the state or social welfare?
Basically it depends on geological conditions, the people of a country may be more dominant as farmers because natural potential can give them the opportunity to grow crops throughout the year, this also applies vice versa for oil.

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Oil is power mates. So much so that some people consider data is the new oil, meaning it has been a big commodity and will be surpassed only by data.

Agriculture is doing well in most countries, otherwise civilization would not have worked it way out there. You would not see cities booming in the middle of the Thar desert, of course because water and agriculture are poor there. So it out of the question whether a country's agriculture is good or bad, if its bad, no humans would live there.

Importing crops and all seems like a difficult deal, although done but much less than other commodities.

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Quote from: Poker Player on October 07, 2023, 12:55:15 AM

You pose a false dichotomy, especially since agriculture today is highly dependent on oil. Fields are tilled with power tillers or tractors, grass is cleared with weed cutters, many crops are mechanized, like modern olive harvesting which is picked by machine, many fertilizers are derived from oil, etc. Without oil, agriculture would not have even 20% of its current productivity.

In general, we can agree with your statements. But the global economy is not confused: current applied technologies in all sectors of the economy are rapidly becoming more complex. Any strong state can no longer produce all the necessary products and therefore countries are forced to follow the path of specialization in certain groups of goods. As for agriculture, the need for specialization is even more severe, since it is necessary to take into account the moisture content of the soil. Therefore, not all states can successfully develop agriculture. This is especially felt during periods of natural disasters and major wars that affect traditional agricultural producers. Russia's current military attack on Ukraine, which is a traditional exporter of agricultural products, is an example of such an artificial imbalance.

The world's oil reserves are dwindling, and food is increasingly valuable as food becomes increasingly scarce in a world with a growing population. While it is relatively easy to switch from oil as a fuel to other energy sources, and this is very important now, when the climate is changing rapidly, it is not yet possible to replace agricultural products.

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Based on consideration, both are very important, but if you are going to choose which of them will increase the income of the country, I will go for agriculture because agriculture increases the income of the country faster than oil. If you have good mechanisms and strategies for agriculture, I bet you will prosper. In an instant, China, Brazil, the United States, India, and many of them produce agricultural products a lot and feed a large number of people in the country, but I am not terminating oil. I have more interest in agriculture than oil.

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Both play an excellent role in country's economy and we cannot avoid any of these because if any one if these become scared in our country so we will be dependent on other countries for such resource. It is necessary for every country that they should manage those activities which are suitable and help to increase the growth of agriculture sectors as well as oil.

Everything gets expensive when oil become expensive because energy is greatly concerned with our transportation system so if transportation become difficult everything will become difficult and there everyone will faced hardship in exporting and importing necessary materials. Agriculture sectors can be made productive by following certain strategies but we cannot find more oil than present reservoirs of our country.

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Agriculture sector is still much more demanding than oil. However, oil can only be mined in certain countries. Agriculture sector is present in every country of the world due to which its demand is more than oil, but since every country has agriculture sector, agricultural products are less exported than oil. oil is only available in certain countries, they supply the whole world and that is why they grow very fast economically. But if these two things are voted on, I will definitely support agriculture

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Quote from: Hewlet on October 07, 2023, 12:49:30 AM

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The world already has seen the possibility of the Russia-Ukrainian war. Ukraine is one of the countries that supplies a large amount of wheat worldwide. We have seen the effect when Ukraine could not export wheat and many other food products. The countries always depend on each other. The world depends on the Middle East's oils, while the Middle East depends on other countries' exported products. It's all about give and take.

The supply of oils is not unlimited. It has a limitation. Most Middle Eastern countries are already developing their architecture by selling oils to make money from other sources. Of course, I agree that oils have a significant effect on the productivity of agriculture!

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Quote from: Hewlet on October 07, 2023, 12:49:30 AM

Agriculture vs oil, which is the big deal when it comes to the economic strength of a country?

This is a very controversial issue and it'll be difficult to tell which is more important because it depends on the specific country and it's economic. But generally, agriculture is important when it comes to food security and oil on the hand is important for energy sector and revenue generation. Poker player has said it all in his comment above and it's obvious that both can not do without each other.

We all know the importance of food in a country but the way you put it up there sounds as if agriculture is all what a country need to survive. May I remind you that Saudi Arabia is a bit less successful when it comes to agriculture due to lack of arable land and arid climate but solely rely on oil, in fact, Saudi's economy is often describe as petrostate because of her reliance on oil and you can not tell us that Saudi will suffer from food scarcity because of her less engagement in agricultural sector.

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Both are very important and necessary but oil is more scarce which is why it is given more attention than agriculture in some countries. The superpowers meanwhile are balancing both. Russia and the US have enough oil while at the same time having stable agriculture. China on the other hand keeps on exploring its vast land for more oil for sustainability but its agriculture is also doing fine.

Countries with vast oil reserves are getting rich but they are also trying too hard to build their agriculture even if most of their lands are sandy. Egypt and Qatar for example with the help of technology have billions of dollars in projects that are aimed at improving their agriculture.

Topic: Agriculture vs oil - page 13. (Read 2275 times)