Economy
Subsistence agriculture has predominated on the island since it was first settled. It currently occupies 17.5% of the area of the municipality, and concentrated on small parcels in the eastern half of the island and along the northern parts of Vila do Corvo. In this patchwork of volcanic hedge-rows, farmers concentrate on semi-permanent crops (potatoes, some cereals, including wheat and citrus orchards).
Dairy production is the primary activity, although the raising of pigs and poultry is also common, and cheese one of the primary commercialized products. Until the 1960s, the raising of sheep and the commercialization of wool was also important on the island. This was until a change in forestry policy forced many farmers to vacate uncultivated lands, lands that were routinely used to graze sheep. It was quickly the end of the wool industry on the island, an industry that had been integral to the island's small export industry.
Read more about this topic: Corvo Island
Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)