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Economic Development of Agricultural Land Resources Under Risk
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Abstract: Intense use of soil with current limited agricultural land resources increases risk that face the agricultural sector on the long- run such as decreasing soil fertility and its area. Also, fluctuation of the soil return. Because of increasing the demand of the production of the agricultural land in order to face the increased requirements of population from the crops, the current study aimed to clarify the effect of economic risk on the agricultural activities in cropping pattern, and minimizing the probability of it as an approach to develop the agricultural land resources to maximize agricultural income.
The study cleared that the probability of the risk with the Egyptian crop pattern reaches about 6%. Minimizing the risk in cropping pattern saves about 782 million m3 from irrigation water which is sufficient to plant 266 thousand feddan annually giving an extra retune of LE 640 million. In addition to minimize the variable production costs by LE 329 million that saves the capital required to plant 290 thousand feddan annually giving an extra return of LE 696 million. This compensate about 73% of the reduction in the cost of the expected economic risk estimated by LE 1817 million.
Keywords: Land Resources, Economic Development, Risk.
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| Publication year |
2008
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| Publication Type |
Journal
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