Prospects For The US Agricultural Sector

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Alexander Belov   Contributor

Prospects For The US Agricultural Sector

The United States is the world leader in agricultural production. In addition to meeting the needs of the country's domestic market (apart from exotic products such as coffee, cocoa, bananas), a huge share of the products is exported. The USA boasts the first place in the export of agricultural products, the volume of which exceeds 15% of all exports in the world.  The especially important role of the US agro-industry in the export of grain crops - wheat, corn, soybeans, and fruits. The export of agricultural products from the United States is several times higher than their import.

Despite this, the share of the agro-industrial sector in the country's GDP does not exceed 3% and is decreasing every year. Only 4% of the economically active population works in this area. However, to understand the importance of agriculture to the United States and other countries, other factors must be considered.

Until the early 1950s, there were 6 million farms in the country with an average area of 67 hectares each. By the end of the 90s, the number of farms had dropped to 2.2 million, but the average area of each increased to 190 hectares. Over 70 years, from the 1930s to the 90s, the number of workers in the agricultural sector has decreased by almost 10 times. But the population of the United States has doubled over this time.

Such trends show that over time, only large farms remain in this industry, which are introducing new technologies to increase labor productivity. According to statistics, only 1% of farms produce almost 40% of products. The Scientific and Technological Revolution changed the agricultural business forever.

Until now, the influence of technology in this industry remains very strong. Labor productivity in the agricultural sector is growing much faster than in Industry. One person employed in agriculture now provides about 50 people with the necessary food. Thanks to the use of modern technologies, the number of products per employee in the United States exceeds not only third world countries but also Western Europe.

Therefore, in order to maintain income and the ability to compete, farmers must use new equipment that will increase productivity. As in the past 100 years, so now, the main focus in the development of the industry is the use of new technologies. One such technology, that is increasing revenue in the Grain Farming Industry is a solution from the Metra Group. The company makes high-tech grain cleaners that add value to each bushel of grain, making it cleaner and better.

The history of the American company Metra Group began 6 years ago. Initially, the company was involved in the distribution of grain cleaning equipment to farms in the United States. In 2019, Metra Group signed a contract for the joint production of equipment in the United States with one of the European manufacturers. This is how new, high-quality grain cleaners under the Metra brand appeared on the American market.

To date, more than 3000 grain cleaning machines have been sold to customers in the USA, Canada, Mexico, and Australia. The main feature of Metra equipment is reliability and autonomy. Due to the absence of classic mechanisms requiring maintenance and lubrication, Metra grain cleaning machines can operate for decades without the service.

Now the company is developing and actively expanding its sales geography. According to representatives of Metra Group, the company is attracting partners from South America, Australia, Africa, and other countries to create a large dealer network around the world. Thus, everyone can become an official distributor of machines that are gaining great popularity among farmers. In addition, Metra Group plans to establish a dealer network across the US and Canada, opening at least 3 offices in each state/province.

Now there is a great opportunity to join Metra as a partner of an ambitious and growing company. Indeed, even now in the agricultural sector, technologies do not stand still but are actively developing. And, as history shows, the leaders in this industry are those who follow the progress.
 

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Alexander Belov   Contributor

Alexander Belov is a writer specialized in Blockchain and decentralized finance field. In 2020 he was included in the list of the top 30 most Influential People In Blockchain Industry by Hackernoon.