In Capitalistic farming system, farming activities are controlled and manipulated by individual entrepreneurs. Capitalistic farming system is predominant in South America, North America and Europe.
Various form of Capitalistic farming
An appreciable number of farming methodologies with prominent aspects of capitalistic management exist in various corners of the world. Some of the known examples of capitalistic management include farming corporations in North America, the agro-industrial Konbinats in Eastern Europe and ranches in South America.
Plantation is the commonest example of capitalistic farming, which is generally observed in developing countries in the world. Perennial crops (Crops lasting for three seasons or more) are produced through plantation farming. In most of the cases, plantations are owned by foreigners. The distinguishing attribute of plantation is that the end products of plantation are processed in their own plants and finally exported to the foreign countries.
Plantation: The Capitalistic Farming
Top level efficient personnel are employed in plantation management, characterized by strict power and and well organized work structure. Therefore the productivity always remains very high. Despite being controlled by foreigners, the domestic countries also reap benefits from export taxes.
In capitalistic farming system, the farm workers maintain a very low standard of living. Even the health conditions of those workers were also very poor. Most of the time, the Plantations run by domestic management groups failed to meet the desired production target.