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The Role of Agriculture in the Development Process
Abstract
Agriculture plays the role of providing employment, income, food, raw materials, and foreign exchange earnings for people. The ability and the inability of agriculture in playing the provisioning roles, in varying degrees, define the poverty status of those engaged in it. It is a paradox that a majority of those who are engaged in agriculture, especially in developing countries, tend to be associated with such poverty-linked characteristics as low income, hunger, deprivation, and vulnerabilities. There is therefore the need to refocus on defining the concept of agriculture with a view to bringing out its role in the development process and how the roles can be effectively achieved by the majority of those engaged in it. The objectives of the chapter include describing the expected roles of agriculture in the development process; highlighting the performance of the agriculture sector; describing the role of agricultural credit in agricultural development; defining the concept of extreme poverty; highlighting some of the strength and weaknesses of incometrics, highlighting vulnerability views of poverty; discussing measurement of extreme poverty; and highlighting feminization of formal agricultural finance. The chapter concludes with recommendations. The methodology is based on systematic reviews of relevant literature. The findings include how agriculture can play the roles expected of it and effectively empower those who are engaged in it. The chapter shares the view that majority of those engaged in agriculture in most developing countries are women, and that poverty has a feminine face and so advances the feminization of formal agricultural finance interventions. The chapter is concluded with relevant recommendations.
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