How United States Agriculture Can offset Can Correct America's Financial Woes: Changes to U.S Agriculture that work Works Tri-Laterally in Improving Monetary Dependency:
T Cacciola: Personal income accounted for 12.54 trillion dollars of our total GDP in 2010. Of this, 1.05 trillion dollars of total personal income was acquainted with proprietor's income with inventory valuation and capital consumption adjustments. Of this amount, only 45 billion dollars of total inventory valuation and capital adjustments was attributed to agricultural profits while non-farm income attained 1.01 trillion dollars of this total. What is needed here, in order to increase GDP is to increase farming within the United States. It has been known since the British settled in New England in the 16th century that America was compiled of a vast, enriched, quantity of agricultural land. In fact, almost all of New England was cleared of forest in the 18th century and farmed, today, if you were to drive through the rural areas of New England, the remnants of this agricultural society remain in the rock walls which were created to clear the land of its debris and separate property lines.
Case in point, investments in farming must be made to increase overall GDP. There are millions of tons of food stock within the United States that go to waste on a yearly basis. What is needed is to not only invest in agriculture but to provide tax greater tax incentives for proprietors willing to farm on a large scale. What this will do is, although moderately, but on a triple basis, increase overall GDP, decrease overall exports, and increase overall imports. The product of this small investment expenditure could quite feasibly surmount to hundreds of billions of dollars of surplus, nay the areas where not only is farming shunned, but banned in counties, if we were to populate suburban areas and aggregate rural areas, the increases in GDP and decreases in spending would be vast.
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