Agricultural Investment Indicators in Light of Egypt's agricultural Development Strategy 2030 | ||
| Assiut Journal of Agricultural Sciences | ||
| Volume 55, Issue 4 - Serial Number 1, October 2024, Pages 305-319 PDF (586.19 K) | ||
| Document Type: Research papers | ||
| DOI: 10.21608/ajas.2024.309859.1385 | ||
| Author | ||
| Norhan Y. A. Hussein* | ||
| Department of Agricultural Economics, Faculty of Agriculture, Assiut University, Assiut, Egypt | ||
| Abstract | ||
| Agricultural investment is one of the pillars of developing the agricultural sector in Egypt. The research problem represented the decline in the percentage of the agricultural sector's contribution to the national product and the decline in its contribution to absorbing labor because of the decrease in the rate of agricultural investment's contribution to national investment from about 6.9% in (2005/2006) to about 3.6% in (2022/2023). The research aims to answer the following question: Did agricultural investment in Egypt during the period (2005-2022) achieve its role in developing the national economy considering Egypt's agricultural development strategy 2030? The research found a decline in the percentage of the value of agricultural output to the value of the gross domestic product, the value of agricultural investment, and agricultural exports during the study period, which does not achieve the short-term goals and urgent priorities of the Egyptian economy according to Egypt's agricultural development strategy 2030. The efficiency of agricultural investment is also evident due to the decline in the value of investments needed to increase the domestic product by one unit and the increase in the unit values generated from the domestic product from investment spending. The decline in the value of investments provided in the agricultural sector is also evident. The capital needed to operate an individual in the agricultural industry during the average period is About 2743.86 pounds. The research recommends, to enhance the role of the agricultural sector in the Egyptian economy, increasing investments directed to the agricultural sector and encouraging agricultural investment by reducing interest rates and taxes. | ||
| Keywords | ||
| Agricultural investment; Efficiency indicators; Egypt’s agricultural development strategy 2030 | ||
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