ISSN: 2265-6294

ECONOMIC IMPACT OF COVID ON THE AGRICULTURAL SECTOR

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Ángel Maldonado Castro,Jenny Maldonado Castro,Edgar Moreno Suquilanda,Darwin Javier Zamora Mayorga

Abstract

This article explains how the pandemic (Covid-19) affected the agricultural sector, leading to an international decline in agricultural production, which was reflected in economic activity, which is why farmers maintained their crops with all the agricultural measures required at the time of such an extent that the mobilization of agricultural products became difficult since at the beginning of the pandemic the whole world was paralyzed. This meant that while farmers struggled in one way or another to feed the world, poverty increased. The research is non-exploratory, purely bibliographic, starting from particular premises to generate general conclusions without influencing any variables; on the other hand, secondary sources support it. According to the Economic Commission for Latin America and the Caribbean (ECLAC), trade in goods fell by 17% between January and May 2020, and exports and imports fell by a quarter. The main impact that the pandemic has had in the short term has been the food alerts, trade flows have not been interrupted, but there has been an important reduction in the agro-export sector since there are sectors with zero demand, such as the ornamental plants and flowers sectors.

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