Market trends and economic analysis for organic farming
Dayalal Sankhla
The journey begins with a fundamental understanding of organic farming, elucidating its values that are based on biodiversity, sustainability, and the rejection of artificial inputs. After that, a worldwide viewpoint is presented, emphasising the expanding demand for organic farming. Data from important areas and nations highlight the industry's strong growth, driven by an expanding customer base looking for alternatives that are produced more ethically and healthily. The story then turns to analysing the changes reshaping the field of organic farming. A thorough investigation is conducted, covering everything from the changing tastes of consumers and the use of cutting-edge technology to the acceptance of sustainable practices and the constantly changing environment of laws and certifications. Most importantly, the organic agricultural industry's economic core is examined. The market's size and importance, the supply chain's complexities, and the precarious balance between possibilities and obstacles are all made clear. Case studies of profitable organic farming methods demonstrate the sustainable agriculture's economic feasibility by offering concrete instances of the industry's success. An important background for analysing how supporting efforts affect the economic fabric of organic farming is the policies and incentives set by the government. Unravelling consumer behaviour and marketing tactics reveals the complex dance between purposeful consumption and successful promotion. The chapter finishes with a look forward to organic farming, identifying trends, tackling issues, and imagining a scene where environmentally friendly and financially feasible methods are the norm. This chapter functions as a thorough guide, providing readers with a detailed grasp of the markets for organic farming, their patterns, and the economic currents that influence their course.
Dayalal Sankhla. Market trends and economic analysis for organic farming. Int J Foreign Trade Int Bus 2024;6(2):68-73. DOI: 10.33545/26633140.2024.v6.i2a.118