Cash crops are farm produce the are planted, harvested and sold in the international market to different countries of the world they may include cocoa, groundnut, cotton, rubber, casava, palm kernel etc.
Government is responsible to make the economy boom by providing support to farmers and business men who are ready to go into such production. The government will in turn generate revenue for other project and programs in the society and business cycle at large. The government can collect tax from farmers and major investors in the agricultural industry because cash crops are widely demanded around the globe for example the demand for cotton is on the increase because it is use for the production of clothing and materials for fashion which is use in the fashion industry.
Cash crop are mostly revenue b hi
generators for government all around the world for these reason much attention need to be given to the sector for optimal performance, cash crops as groundnut are equally profitable apart from the health benefit it is also a source of income for many individuals. Government is to provide financial support such as loans , grants, training for entrepreneurs so that the production of this cash crops will be multiple to meet up with the current global demand for those products. Domestic production will be optimise for the growth of the financial sector of the countries economic status and making the gross domestic product higher. The central bank and other financial institution are not left back on this important mission to get people out of poverty to financial freedom.
The taxes collected by the government as revenue from farmers and industries such as the multinationals companies will be use to develop critical infrastructure and develop the country at large. The natural mineral resources on the land most also be utilise and enhance for economic benefit, cash crops are vital and can bring about growth and development in the business administration angle of any government. It most focus on the mechanise farming aspect to improve the quantity of goods and services in the cash crop industry. The performance of government is key to meet the challenges the up with the financial deficit facing people and business men and investors alike. The role of cash crops in this can not be over emphasis which is the back bone of most poor individual who don't have the white cola jobs at hand and are willing to engage in the farming of such cash crops and discover the great potentials associated with farming. Africa as a continent is bless with numerous cash crop products that are still on tap and are laying their waiting for the action from the different levels of government to take the first step and take the bull by it horn so as to increase the production and the flow of money in the country.
Written by:
Mike N longji.