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The viability of the agricultural economy
Sunday 24 October 2021 122
Yasser Al-Metwally
Agriculture has two basic pillars in determining the importance and nature of the agricultural economy of any country.
The first is food security, which is a lethal weapon used by countries to weaken their opponents and control their capabilities.
Here emerges the importance of achieving this goal in order to distance itself from the most dangerous enemy weapon.
The second is that it, and I mean agriculture, constitutes an important element in supporting and enhancing the country's revenues, and it constitutes an important number in its gross domestic product, equivalent to oil revenues if it is invested correctly.
On this basis, the need necessitates a return to paying attention to the agricultural sector, especially in countries with single resources, including Iraq, of course.
International reports indicate that Algeria, for example, has achieved first place in Africa in the field of food security in the latest classification of the World Food Program of the United Nations, and this achievement has placed it in the “blue box” at the same level with the most powerful countries in the world.
This classification confirms the importance of the role of agriculture in supporting the country's economy and its importance in providing new opportunities to diversify sources of income.
And I found in Algeria’s experience the best way to draw the attention of those in charge of the country’s economy to take advantage of this information,
as experts in the economy and agriculture see that there are several considerations behind this positive classification of Algeria in a step to bridge the food gap, given the great economic potential of the country, as well as the shift towards attention Agriculture and food industries in the context of getting out of the dominance of oil on exports.
And here is the bottom line, as Iraq really needs to make optimal use of its agricultural assets.
Food security requires multiple strategies, from production to storage, and all of this is part of a long-term plan.
As long as we await the start of a new era, the next government must give the agricultural sector a priority in its economic concerns by activating and attracting agricultural investments that were included in the initial agreements concluded by the current government in this regard, and supporting and stimulating the agricultural sector as well.
As it will contribute to achieving food security, diversifying sources of income and eliminating the largest percentage of unemployment, has the message arrived?
It is necessary to benefit from the experiences of others, and if we note the volume of import of agricultural products, it is the best indicator of the inefficiency of the agricultural economy in achieving economic feasibility, unfortunately.
As a reminder, Iraq has great agricultural capabilities, and agriculture is the second largest in terms of major wealth.
At a time when it is relied upon to diversify sources of income, it costs the country billions of dollars through importing food products and industries.
The viability of the agricultural economy
Sunday 24 October 2021 122
Yasser Al-Metwally
Agriculture has two basic pillars in determining the importance and nature of the agricultural economy of any country.
The first is food security, which is a lethal weapon used by countries to weaken their opponents and control their capabilities.
Here emerges the importance of achieving this goal in order to distance itself from the most dangerous enemy weapon.
The second is that it, and I mean agriculture, constitutes an important element in supporting and enhancing the country's revenues, and it constitutes an important number in its gross domestic product, equivalent to oil revenues if it is invested correctly.
On this basis, the need necessitates a return to paying attention to the agricultural sector, especially in countries with single resources, including Iraq, of course.
International reports indicate that Algeria, for example, has achieved first place in Africa in the field of food security in the latest classification of the World Food Program of the United Nations, and this achievement has placed it in the “blue box” at the same level with the most powerful countries in the world.
This classification confirms the importance of the role of agriculture in supporting the country's economy and its importance in providing new opportunities to diversify sources of income.
And I found in Algeria’s experience the best way to draw the attention of those in charge of the country’s economy to take advantage of this information,
as experts in the economy and agriculture see that there are several considerations behind this positive classification of Algeria in a step to bridge the food gap, given the great economic potential of the country, as well as the shift towards attention Agriculture and food industries in the context of getting out of the dominance of oil on exports.
And here is the bottom line, as Iraq really needs to make optimal use of its agricultural assets.
Food security requires multiple strategies, from production to storage, and all of this is part of a long-term plan.
As long as we await the start of a new era, the next government must give the agricultural sector a priority in its economic concerns by activating and attracting agricultural investments that were included in the initial agreements concluded by the current government in this regard, and supporting and stimulating the agricultural sector as well.
As it will contribute to achieving food security, diversifying sources of income and eliminating the largest percentage of unemployment, has the message arrived?
It is necessary to benefit from the experiences of others, and if we note the volume of import of agricultural products, it is the best indicator of the inefficiency of the agricultural economy in achieving economic feasibility, unfortunately.
As a reminder, Iraq has great agricultural capabilities, and agriculture is the second largest in terms of major wealth.
At a time when it is relied upon to diversify sources of income, it costs the country billions of dollars through importing food products and industries.
