Agriculture has traditionally utilized a large proportion of the population. Many rural Ecuadorans feed their families with the manufacturers from their own farms; production of those subsistence crops, as well as corn (maize), potatoes, beans, and cassava (manioc), is important however not accurately reflected in official figures. Though Ecuador's main economic activity has long been agriculture, solely about 11% of the land is arable or under permanent crops, and another 18% is permanent pasture. Ecuador’s major resource is its soil, which, with the country’s usually adequate rainfall and diverse climates, permits a wide variety of agricultural production.
According to the report analysis,’ Ecuador Agriculture Market Trends, Statistics, Growth, and Forecasts’ The Ecuador government has been supporting the agriculture industry with a number of policies, trying to stabilise the output and seeking ways to ensure the sector is growing healthily and sustainably. The Ecuador federal government has been highly supportive of agriculture for decades, and there is broad political consensus as to the need for land, labour and tax reform to help the sector reach its potential. Due to supportive policies, the agriculture sector’s performance has been improving steadily in recent years. Ecuador keeps its first rank in the world in terms of farming output, producing large quantities of rice, wheat, cotton, meat, poultry, eggs and fishery products. Chemical fertilizers are employed on commercial and specialized market crops, while traditional farmers employ animal manures; still, overall yields could be vastly increased. Irrigation has been employed since prehistoric times in the highlands, and most of the highland production by value is from irrigated fields and greenhouses, which have been deployed for the cultivation of roses, tomatoes, and papayas.
Despite the rapid development of Ecuador’s agriculture sector, problems emerge in relation to a variety of aspects, including the shrinking arable land, the deteriorating ecological status of environment due to the heavy use of fertilisers and pesticides, and the issue of food security. There is also much room to improve in terms of increasing the use of machinery and advanced technologies in the agriculture sector. The country has made efforts to integrate new agricultural technologies to improve the sector’s efficiency and increase land productivity. The high costs and low profits of agricultural production are the major internal inhibitors of Ecuador’s agriculture sector. They are also the primary factor restricting the growth of farmers’ income and leading to shrinking of the labour force in agriculture.
Furthermore, Ecuador’s agriculture sector provides livelihoods to households in rural areas. Together with forestry and fisheries, it is one of the largest contributors to Ecuador’s GDP. Agricultural methods including primitive subsistence farming, intensive subsistence farming, commercial farming and plantation farming as a variant of commercial farming are all present in India. Some states specialise in growing certain crops commercially, while others grow the same crops as a subsistence farming activity.
The Ecuador government has for decades actively supported the agriculture sector through mechanisms such as fertiliser subsidies, and relaxed lending conditions, amongst others, allowing farmers to have a fair estimation of their revenues and plan for the next agricultural season accordingly. Therefore, it is anticipated that the market of Ecuador Agriculture will grow up in the approaching years.
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Ecuador Agriculture Market
Ankur Gupta, Head Marketing & Communications