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Topic: Agriculture vs oil - page 9. (Read 2152 times)

legendary
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October 13, 2023, 07:05:31 PM
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?

I guess oil as agriculture (and also many other industries) depends on oil but oil doesn't depend on agriculture. Oil has great liquidity - there's high demand globally and you can sell it easily. 
legendary
Activity: 3178
Merit: 1128
October 13, 2023, 02:32:24 PM
It's true that a lot of wealthy people use their connections and resources to set up their children for success. But success isn't it a relative term? Success in the current economy is more than just having money; even assets like Bitcoin are subject to extreme fluctuations. It has to do with comprehension, flexibility, and resilience

Certainly, there can be difficulties when marrying into riches. There is a lot to process in terms of the surroundings, expectations, and social relationships. You're right; balance is essential. Balance, yet, isn't that what we all aim for, money or no money. Balance and understanding are crucial, regardless of the erratic nature of relationships or the turbulent market for bitcoin

Why does wealth inequality cause some marriages to fail? Maybe it's about mutual growth, respect, and understanding rather than money alone. Can a relationship's success be determined solely by money? Or is it a matter of common ideals, objectives, and ambitions?
I would say that it's based on how react to it. Lets say that one side is poor and one side is very wealthy and they fall in love and they get married. If the poor reacts to money differently than the rich, it will definitely cause a lot of problems.

This doesn't mean they can't spend it, if the rich likes to spend it then poor could become rich and spend it too, if the rich doesn't spend it and frugal, then the poor has to be frugal too. I am sorry but the rich has to be the one that drives this, otherwise it doesn't make sense. That person become the rich person somehow and they know how they got rich, or at least their parents end up being rich, so that means that we need to be something that would be a lot better.
full member
Activity: 322
Merit: 146
October 13, 2023, 01:44:22 PM
As long as I know, Agriculture is a global muscle economic booster because all organisms seeks lives before pleasures of treasures.
No one sustains live without food consumption but life can still be sustained without the resource of oil production rather better to say technology wouldn't has been advanced to as today's.

Agriculture as a sector of consumable produces (food) is a naturally designed to sustain lives that occupies the earth while oil is just a resources for equipments production.

Talking about negligence towards Agriculture is a capital false because technology has been created to enhance agriculture and to minimize manpowers activities such as
tractor, plough, harrows, cultivators, ridgers, planter, harvesters, shellers, dryer, sprayer, and incubators.
And provisions for healthy being of plants are being made such as pest control chemicals and fertilizers.

Thousands and millions of ideas towards Agricultural sectors is of no comparison than that of oil as you thought at OP. If you think that there is no weapon as dangerous as the nuclear weapons, you should remember same weapons are manufactured my human and don't underestimate lower sizes but seek deep to its potentials.

Agriculture is life and oil is a technology  substance which the glob seeks lives before technological products.

So with Agriculture as a prior to sustain lives in general I hope to have convinced you that Agriculture Sector has every tendencies to boosten a global economy than oil sector.

 
legendary
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October 13, 2023, 12:09:05 PM
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.
Very good point and observation, but lets not  forget that man can still do without oil, but cant do without food. take your mind back to the old days when humans knew not what oil was, and neither knew how to process it, and neither have the necessary machines to process the oil, human still tilled the ground, cultivated and harvested with their hands without the need for machines that are powered by oils.

Even today, in some part of the world, even here in Nigeria, our old forks who do not own machines , and can not afford to hire one, still till the ground with their hand by their human strength, they cultivate, harvest their farm product with their hands without the need for machines.

This is why i say that, as much as machines through oil have played a very important role in helping Agriculture become big, Agriculture is still more important to human survival than oil will ever be, without food, every human will die of hunger, leaving behind the supposed oil we all consider to be the most valuable.
Contradicting you with your point, let me remind you that your example is set over years ago and a lot of changes have already happened since then including the number population that is in constant need of food. Oil helps farmers and food productions to process everything faster to answer to the constant demands for food supply. Hence, if we're going with your narrative, it will be close to impossible to cater to the unimaginable demand of food supply from billions of people without oil making it easier as it powers tools and supplies that a lot of farmers and food productions rely on. Moreover, isn't the very reason why oil and power tillers or tractors are adapted by many farmers due to the convenience it brings them to ensure that the demands are being met? I remember farmers even having a hard time saving up just to afford these tools and machines to help them with their work as it is becoming impossible for them to handle all the demands for food and the problem with lack of food supply.
legendary
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October 13, 2023, 11:47:19 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.
Very good point and observation, but lets not  forget that man can still do without oil, but cant do without food. take your mind back to the old days when humans knew not what oil was, and neither knew how to process it, and neither have the necessary machines to process the oil, human still tilled the ground, cultivated and harvested with their hands without the need for machines that are powered by oils.

Even today, in some part of the world, even here in Nigeria, our old forks who do not own machines , and can not afford to hire one, still till the ground with their hand by their human strength, they cultivate, harvest their farm product with their hands without the need for machines.

This is why i say that, as much as machines through oil have played a very important role in helping Agriculture become big, Agriculture is still more important to human survival than oil will ever be, without food, every human will die of hunger, leaving behind the supposed oil we all consider to be the most valuable.
legendary
Activity: 2086
Merit: 1759
October 13, 2023, 11:20:33 AM
Agriculture vs oil, which is the big deal when it comes to the economic strength of a country?
Oil and agriculture for me are two different understandings, you could say the differences are very different, like salt water and fresh water.

If the country is not volatile, of course oil is the main thing for that country from an economic perspective, even though the country has no agricultural elements at all, for example: Qatar.

But the story is different in countries hit by war, oil is useless, the most useful thing is agriculture, with agriculture the food supply for the people is sufficient, even though aid supplies are not coming in, at least with agriculture people can survive, of course economic war countries are no story.
jr. member
Activity: 100
Merit: 4
October 13, 2023, 07:21:26 AM
Oil is important but agriculture is a compulsory solution to world hunger and poverty rate. Agriculture provides the main needs of shelter, clothing, food, income and employment to those in the sector and to a whole nation, but oil may only be used in its diverse forms of pms, diesel, kerosene for occasional purposes even though it provides income and employment as well.

I know oil has helped many countries improve their nGDP after export or import and resales of the product. It has been the more invested in because of the huge profit that it provides in the instant as compared to agriculture that may require some processes longer or more tedious than the already established refining of oil.
full member
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★Bitvest.io★ Play Plinko or Invest!
October 13, 2023, 07:17:58 AM
Any production point is good for the strength in the economy of a country, as both work hand in hands for mass production of good and services consumption.
Well some would say one is more important and one is some less. There is information out there how much each of these production sectors yields. I have a keen interest for farming. Its quite easy to start, once you have a desired location you get your seeds and start growing for mass production but oil is crazy. It has no limits. The returns gotten from the oil industry is one that could change the finance capacity of a country. Statistically the Oil sectors yield enough revenue to the country.

If i want to compare both in terms of working in this sectors. I would say overall the Oil industry is still very high paying relative to the Agriculture industries. Working in any agricultural firm is just as more of hard work with probably less pay.
hero member
Activity: 910
Merit: 789
October 13, 2023, 06:55:57 AM
Oil is a vital means for the movement of a country's economy, we know how rich oil producing countries are, it is even its main commodity, such as Middle Eastern countries, especially now that everything is related to machines that require oil as a driving force. However, on the one hand, agriculture is also the main commodity that must be met, because everyone needs food, in an era like today, both are very much needed by humans, however, not many young people are interested in the agricultural sector, even though it is a commodity that is definitely needed.

Not all of the young generation in several countries are not interested in the agricultural sector, because in fact the young generation also has to adapt to the environment and also has to develop more in managing the agricultural sector. Now the agricultural sector also requires several machines to make it easier to carry out work, both when harvesting agricultural products and when lowering seeds into agricultural land. So that is what makes most of the younger generation not very interested in the agricultural sector because not all of them can afford to have machines that are quite sophisticated for the agricultural sector.

Although all of the younger generation can still do every job in the agricultural sector in the old way which is more tiring for them because it really demands physical strength and in general everyone's physical strength will always decrease when they get older. Maybe that's why most of the younger generation are not very interested in the agricultural sector, apart from that they are also starting to analyze the results obtained through the agricultural sector with the results obtained from oil sources. In general, the results must be very different and when the differences can be very striking, it is not surprising that the younger generation prefers oil sources to the agricultural sector.
sr. member
Activity: 812
Merit: 252
October 13, 2023, 06:02:25 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?
One of the most important basic human needs is food which comes through agriculture. On the other hand, oil is a resource through which people get various benefits. We cannot ignore either any one because both are essential to us. Many of us may think that food is necessary for survival but for farming you have to take the help of  oil powered machine. Both come from nature. Most of the world's countries do not have oil fields but most of them have more or less agricultural production. Although the importance of agriculture is high, it is possible to produce it in different regions of the world, on the other hand, every one can not produce oil. As a result, oil prices are rising and will continue to do so.
The agricultural sector currently uses a lot of machines that use oil fuel, unlike in the past, farmers worked on their land using their own energy and in the current era of agricultural development, many agricultural sectors use oil-fueled machines, of course this will make it easier for people to farm and produce food needs. easily. It is true that not all countries can produce oil and make the price continue to increase, but this certainly has its limitations, unlike agriculture, if there are still farmers and land that can be cultivated then food needs will still be met for the community.
sr. member
Activity: 350
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October 13, 2023, 03:31:47 AM
Both are invaluable as they’re both needed in our lives.
Agriculture is obviously important as we literally need to eat to live.

From OP perspective, I think it is convincing to say that an oily rich countries see development than countries that are Agricultural based, we can deny that, they are incline to do more infrastructure and development than countries that get revenue from agriculture foods, the oil rich countries have proven that they are wealthy and they carry a lot of weight with rich people.

If oil country is properly manage, they can as well do better in agriculture through the money they from revenues in oil to buy latest machines and equipment to do a better mechanize farming than people that are even more focus only on agriculture.
sr. member
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October 13, 2023, 02:29:05 AM
Agriculture and oil are two things that are equally important for a country. Oil is needed to move vehicles, so if a country is too dependent on oil imports, the price of oil in their country will rise and this can have an impact on many other sectors and it is also at risk if there is war or global economic fluctuations. And agriculture is needed to meet people's needs for rice, vegetables, etc. If the country is too dependent on agricultural imports, it will increase food prices in the country and be at risk if war occurs. So both are very important for a country, therefore, if a country has these two resources, it should be able to maximize its management, so that it will be able to meet/reduce dependence on imports from other countries.
full member
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October 13, 2023, 02:21:32 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?
One of the most important basic human needs is food which comes through agriculture. On the other hand, oil is a resource through which people get various benefits. We cannot ignore either any one because both are essential to us. Many of us may think that food is necessary for survival but for farming you have to take the help of  oil powered machine. Both come from nature. Most of the world's countries do not have oil fields but most of them have more or less agricultural production. Although the importance of agriculture is high, it is possible to produce it in different regions of the world, on the other hand, every one can not produce oil. As a result, oil prices are rising and will continue to do so.
full member
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October 13, 2023, 12:50:50 AM
.~snip~

Agriculture vs oil, which is the big deal when it comes to the economic strength of a country?
Many people have given many opinions, I also apply some opinions. Agriculture is certainly more important in terms of economic power, but oil is also needed. Both oil and agriculture are necessary for economic development. Without oil, however, agricultural production would be much more laborious and costly. In ancient times, people had to work hard to plough, and to bring crops home. But nowadays, people can easily do agricultural work through oil-driven agricultural machinery. Don't know how true it is I don't know exactly, I heard from our teacher while studying that the earth will run out of oil at some point. Countries that have become rich because of oil, if the world runs out of oil, that country will not be able to develop so much. But a country that is developing depending on agriculture will always have economic development.
full member
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October 12, 2023, 11:56:08 PM
Oil has indeed become closely ingrained in our lives. So it is very difficult for us to get rid of dependence on oil. So it is not surprising that oil also plays an important role in our economic order, where its impact is currently the most influential. Rising oil prices can even cause inflation to occur quickly because almost all sectors currently use energy from processing petroleum or fossil fuels. But comparing Agriculture and Oil I think these two things have the same strength. For example, if wheat farmers suddenly stop selling their agricultural products. then we will see a quite big shock in the economy. Because of the remaining wheat on the market, the price will really increase like crazy. And all foods and products that contain the staple ingredient wheat will also experience the same high increase. So that oil and agriculture are both equally important forces. And I personally consider agriculture more important in our lives.

We’ve been for too long relying on oil as the main source for energy and cause of our over reliance, a decrease in supply would always have dire implications for a lot of countries, some more than most.

I think oil is always in demand by every nation to satisfy the energy demands of the people and  could provide a lot more revenue for a country and further strengthen its economic growth. Not trying to downplay the importance of agriculture as it’s equally important.
Keeping in mind how energy is needed by everyone everywhere, oil deposits are not found everywhere hence the high worth and value. Most countries could plan to commercially grow agricultural produce but not every country has large oil deposits that could be enough for personal consumption and to sell and make profits.
Oil is a vital means for the movement of a country's economy, we know how rich oil producing countries are, it is even its main commodity, such as Middle Eastern countries, especially now that everything is related to machines that require oil as a driving force. However, on the one hand, agriculture is also the main commodity that must be met, because everyone needs food, in an era like today, both are very much needed by humans, however, not many young people are interested in the agricultural sector, even though it is a commodity that is definitely needed.
full member
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Epsiloan Protocol
October 12, 2023, 08:29:32 PM
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.
You are right but I think is trying to ask for which one can a country depends on to sustain it's economy. I think the OP is from Nigeria. Our government based our economic growth on oil neglecting agriculture.
STT
legendary
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October 11, 2023, 07:59:47 PM
Even more so then production, the supply and retail of the food goods relies on oil for transportation.  So the two commodities are quite heavily related in a modern economy because distribution and marketing are quite vital to the successful best price found for those goods.    Both would be correct but I had only one guess, I would say oil is quite vital and cannot be done without.

China and India lacking oil is a substantial point of note, securing adequate route of supply for the oil influences their entire country.   I think part of why China is so aggressive in the South China sea outside of its recognized borders is to do with tankers supply oil through those potential routes, hence military bases on tiny islands etc.    India is trading with Russia for its oil in the middle of its war of aggression though the currency transfer is limited.

If we're mentioning Agriculture I'd want to mention fertilizer and any technology which can promote crop yield, I believe this becomes more valuable over the next twenty years.   Every country can grow and harvest crops to some extent, quite a few countries lack a good natural supply of oil only through trading.
sr. member
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October 11, 2023, 07:39:36 PM
Oil has indeed become closely ingrained in our lives. So it is very difficult for us to get rid of dependence on oil. So it is not surprising that oil also plays an important role in our economic order, where its impact is currently the most influential. Rising oil prices can even cause inflation to occur quickly because almost all sectors currently use energy from processing petroleum or fossil fuels. But comparing Agriculture and Oil I think these two things have the same strength. For example, if wheat farmers suddenly stop selling their agricultural products. then we will see a quite big shock in the economy. Because of the remaining wheat on the market, the price will really increase like crazy. And all foods and products that contain the staple ingredient wheat will also experience the same high increase. So that oil and agriculture are both equally important forces. And I personally consider agriculture more important in our lives.

We’ve been for too long relying on oil as the main source for energy and cause of our over reliance, a decrease in supply would always have dire implications for a lot of countries, some more than most.

I think oil is always in demand by every nation to satisfy the energy demands of the people and  could provide a lot more revenue for a country and further strengthen its economic growth. Not trying to downplay the importance of agriculture as it’s equally important.
Keeping in mind how energy is needed by everyone everywhere, oil deposits are not found everywhere hence the high worth and value. Most countries could plan to commercially grow agricultural produce but not every country has large oil deposits that could be enough for personal consumption and to sell and make profits.
hero member
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October 11, 2023, 06:59:18 PM
Agriculture vs oil, which is the big deal when it comes to the economic strength of a country?

I don't think I should place one so high above another, the reason being that a country needs both, but unfortunately, there are countries that don't even have oil, and they rely on other countries for this oil or refined product. Currently, the agricultural systems of the old days are not the same as they are today; now there are machines that are making agricultural activities easier for farmers, and those upgraded means of improving agricultural systems require the use of oil-refined products to function, just like in the first commenter statement. In that case, it's not favorable to a country that just has one of the two. If a country only has oil, they will still sell their oil to other countries that need it, and they will still use the money realized to meet the needs of citizens in the market. If a country only has agricultural opportunities, they will also need to get the oil products of other countries to use on their farming equipment and machines.
hero member
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October 11, 2023, 06:39:00 PM
Both are invaluable as they’re both needed in our lives.
Agriculture is obviously important as we literally need to eat to live.

Oil, when refined is majorly used today all over the world as different sources of energy. It powers our machinery for production and manufacturing of various goods and also fuels our transport systems for movement of raw materials. Very essential for economic growth and development.

Oil is in my opinion, more of a big deal when it comes to the economic strength of a country. Refined oil is needed and being used all over the world as different energy sources but that valuable resource isn’t found just anywhere.
We all need energy and countries naturally having these energy sources would be highly sought after. Hence economic growth and development.

Oil has indeed become closely ingrained in our lives. So it is very difficult for us to get rid of dependence on oil. So it is not surprising that oil also plays an important role in our economic order, where its impact is currently the most influential. Rising oil prices can even cause inflation to occur quickly because almost all sectors currently use energy from processing petroleum or fossil fuels. But comparing Agriculture and Oil I think these two things have the same strength. For example, if wheat farmers suddenly stop selling their agricultural products. then we will see a quite big shock in the economy. Because of the remaining wheat on the market, the price will really increase like crazy. And all foods and products that contain the staple ingredient wheat will also experience the same high increase. So that oil and agriculture are both equally important forces. And I personally consider agriculture more important in our lives.
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