A plantation is a large-scale estate meant for farming that specializes in cash crops. The crops that are grown include cotton, coffee, tea, cocoa, sugar cane, opium, sisal, oil seeds, oil palms, fruits, rubber trees and forest trees. Protectionist policies and natural comparative advantage have sometimes contributed to determining where plantations are located.
Among the earliest examples of plantations were the latifundia of the Roman Empire, which produced large quantities of grain, wine and olive oil for export. Plantation agriculture grew rapidly with the increase in international trade and the development of a worldwide economy that followed the expansion of European colonial empires. Like every economic activity, it has changed over time.
Among the earliest examples of plantations were the latifundia of the Roman Empire, which produced large quantities of grain, wine and olive oil for export. Plantation agriculture grew rapidly with the increase in international trade and the development of a worldwide economy that followed the expansion of European colonial empires. Like every economic activity, it has changed over time.
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