The Most Valuable Cash Crop
What is the world’s most valuable cash crop?
Most Planted Most Fecund Most Popular Most Revenue
As with most things, it can be complicated and more nuanced to answer. However, ultimately it boils down to a few key factors: total amount planted, the rate of yield, and the revenue per unit sold. It also depends on whether we are looking at the absolute value, or the most value per acre.
The most planted crops throughout the world are wheat and maize (corn). Rice and soybeans are other key staples . However, these are all relatively low yielding and do not make enough revenue per tonne of product produced. Cotton, Wheat, Sugarcane,Maize and rice are the most profitable cash crops on which most of agricultural business established.(Profitable Agricultural business ideas)
Cash Crop Farming:
The highest yielding crops are sugar cane, sugar beet, and tomatoes. Sugar cane accounts for about 80% of the world’s sugar production, while sugar beet the remaining 20%.Not surprisingly, the most lucrative cash crops from a value per acre perspective are illegal in many parts of the world. With a higher risk to grow these, there is a higher reward for the farmers. Cannabis has a value of $47.7 million per square kilometer, while coca weighs in at $37.7 million and opium poppies $6 million per sq. km.
The most lucrative legal crops include tomatoes ($1.4 million per sq. km) and grapes ($625,000 per sq. km). Interestingly, tobacco comes in the middle of the pack with a value of $277,000 per sq. km. Rapeseed (also known as canola) comes in at $60,000 per sq. km.From an absolute value perspective, the world’s most valuable cash crop is cannabis as well. It is followed by rice, maize, and then wheat.
Factors Effecting The Crop Yield:
- External factors.
- Precipitation. ...
- Temperature.
- Soil Nutrients ( Fertilizers that Influence Crop Yield)
- Atmospheric Humidity (Relative Humidity - RH) ...
- Solar radiation (without which life will not exist) ...
- Wind velocity. ...
- Atmospheric gases on plant growth.( Plant Growth Factors)
- Soil moisture.
- Pest,Diseases etc.(Importance Of Pesticides)
- Internal Factors (Genetic Factors)
- High yielding ability
- Early maturity
- Resistance to lodging
- Drought flood and salinity tolerance
- Tolerance to insect pests and diseases
- Chemical composition of grains (oil content, protein content )
- Quality of grains (fineness, coarseness)
- Quality of straw (sweetness, juiciness)
- Other Plant Hormonal Factors
Use of the modern agricultural techniques may improve the crop yield and also save the time as well.
List Of Cash Crops:
- Wheat
- Maize
- Soybean
- Rice
- Sugarcane
- Cotton
- Sunflower
Coconut palms are cultivated in more than 80 countries of the world, with a total production of 61 million tonnes per year. The oil and milk derived from it are commonly used in cooking and frying; coconut oil is also widely used in soaps and cosmetics.
It demands day to day monitoring with close supervision of the bees. Beekeeping business is done for selling honey (Health Benefits Of Honey)and other products like wax. Not to forget, as the demand for honey is growing globally. Opting for this business is a profitable venture which requires the small investment. As the world population increase we need to adopt different approaches to tackle the problems by using Pesticides, fertilizers as well as other preventive measures to reduce the crop losses.
High Yielding Varieties:
(HYVs) of agricultural crops are usually characterized by a combination of the following traits in contrast to the conventional varieties;
- Higher crop yield per area (hectare)
- Dwarfness
- Improved response to fertilizers
- High reliance on irrigation and fertilizers - see intensive farming
- Early maturation
- Resistive to many diseases
- Higher quality and quantity of crops can be produced.
Importance Of Agriculture, Advance Agricultural Techniques, IPM
Cash Crops of Pakistan The highest yielding crops are sugar cane, sugar beet, and tomatoes. Sugar cane accounts for about 80% of the world’s sugar production, while sugar beet the remaining 20%.Not surprisingly, the most lucrative cash crops from a value per acre perspective are illegal in many parts of the world. With a higher risk to grow these, there is a higher reward for the farmers.
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