SamplesAnalysisLand Use and Financial CrisisBuy essay
← Social NetworkSocial Work Filed of Service →

Custom Land Use and Financial Crisis Essay

The purpose of this essay is to figure out land use by region and type of use in the United States, and proceed to relating the figures with the evolution of the real state crisis of 2008. It is clear that land use in the United States include six categories: cropland, grazing land, forest-use land, urban and rural residential uses, special uses, and other miscellaneous land uses. In addition, it is clear that for the period from 2000 to 2010 land use trend has recorded consistent growth in urban areas and special use with grazing land declining. Forest-use land has increased slightly with cropland fluctuating over the period.

Total land, by region

2002

2007

Northeast

111,390

111,390

Lake States

122,063

122,063

Corn Belt

164,579

164,579

Northern Plains

194,271

194,271

Appalachian

123,730

123,730

Southeast

123,320

123,320

Delta States

91,224

91,224

Southern Plains

211,497

211,497

Mountain

547,890

547,890

Pacific

203,840

203,840

In the United States, agricultural production covers a huge percent of the land base, approximately 51 percent. Changes in environmental and economic conditions adversely affect land use and production, as well as trade. In addition, farm assets adds to the GDP of the country and as such, changes in land use and production acts as a major barometer for the performance in the sector. The US total land area acreage is approximately 2.3 billion acres. Land for agricultural purposes accounts for 52 percent, while grazing land comprises of 35 percent.

Land use per region varies depending on a number of factors. These factors include soil, population, topography, and climate. Thus, any variation at national level on land use can affect adversely land use at the state and regional levels. A regional pattern on land use is clear. Central regions, Northern Plains, Corn Belt, Lake States, Southern Plains, as well as Delta States have a higher than national averages of land area concentrated with crops. A large portion in the West region is used for grazing due to limited precipitation. Furthermore, Pacific region is used for grazing while the Eastern region is preferred for forest-use.

The decline in the rate of use and land production indicates that the economic conditions are not favorable. Land use responds to economic climate with landowners aligning the changes in real GDP with production. A change in price levels will affect aggregate expenditure and thus, the demand for goods will also change. Agricultural production depends on financial institution for finances, and during period of real state crisis the cost of borrowing finances increases forcing landowners to limit their investment on land use. The 2008 economic crisis was not an exception because land use was affected adversely by the crisis. This essay relates the crisis with land use in relation with agricultural production.

The current state of the US economy does not meet the expectations of many citizens. There was a lot of optimism when President Obama came into power in 2009 but there has been no significant change according to various economic indicators. According to the Bureau of Economic Analysis estimates, the current rate of annual growth rate of the real GDP in 2010 is estimated to be only 1 percent. It translates to 0.25 percent growth rate as the quarterly growth rate. This rate of economic growth is very insignificant compared to the 3.3 percent growth rate that was the experience in the last quarter of last year. The volatility of economic growth rate has left many people without employment and this is a major cause for concern.

In order to highlight the change that has been taking place in the current financial year in a clear perspective, it is important to look at the various economic indicators and other factors that contribute to the growth of the country’s GDP. To begin with, the second quarter of 2010 saw an increase in the number of goods and services by $8.15 billion of what was produced in the first quarter. It is less compared to what was expected. This rate of growth is very insignificant even if it is calculated on an annual basis. An increase in the number of goods and services is very important in developing a stable economy because more exports are produced and in the process earning the country some foreign exchange. A growth in production and service industries leads to job creation and therefore, solving the problem of unemployment. 

Production and land use have been growing at a low rate, which has left many people unemployed. There has been an increase in disinvestment over the last two years with an estimated figure of $16.2 per year. It is not good for economy because all the weak spots that were supposed to be strengthened by landowners’ investments will remain stagnant. The second quarter of 2010 saw a drop in landowners’ investment, which signifies a very negative trend. Land users no longer invest in plant and equipment and this can drive the country to an economic recession like the one experienced in 2009.

In conclusion, land use is directly related to economic crisis because the factors of production are intertwined with the changes in economic conditions of a state. Agricultural production depends mainly on economic, climatic, and demographic factors. Therefore, financial crisis will slow down the production and utilization of the land. Investment on plant and machinery will be strained during a crisis.

Code: Sample20

Related essays

  1. Social Work Filed of Service
  2. Why Bilinguals are Smarter
  3. Social Network
  4. Indigenous Australians and Reconciliation
X
 
On your first order you will receive 15% discount
Order now PRICES from $12.99/page ×
Live chat