Financial Education - Agricultural work in the field and production of agricultural crops of the musaceae class

in #financialyesterday

In the current economic model, focusing on agricultural work in the field, the production of agricultural crops is a profitable activity which provides the cities of the countries that produce items for consumption, which is why despite being a highly demanded product, production is quite difficult.

Source ( springer )

Since in season of heavy rainfall there are usually large losses because the roots of this plant are very weak and can not withstand the conditions of much stagnant water, also in times of strong summers the plant suffers serious problems causing many times die from lack of water, but despite the strong circumstances producers define contingency plans which ensure that their plantations are afloat.

Continuing with the topic in context, banana production generates a series of costs, which can be called investment costs, in the production units, among which we can highlight the purchase of inputs, insecticides, payment of workers, truck loads, among others. In addition to climatological factors and diseases that increase investment costs.

It is worth mentioning that it is at the time of selling this highly demanded product that the producers' questions and calculations are concentrated, which leads to the conclusion that the price established by the entity in charge of setting the selling price is not enough in some occasions to cover the investment made.

Source ( learnenglish )

Hence the need to analyze the relationship between the cost of banana production and its selling price in the different ecoregions that produce bananas in South America, Europe and Asia.

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