Answer:
A socio-economic impact assessment is a structured way of a showing a proposal's advantages and disadvantages for society as a whole and for various parties.
The legend is that Newton discovered Gravity when he saw a falling apple while thinking about the forces of nature. Whatever really happened, Newton realized that some force must be acting on falling objects like apples because otherwise they would not start moving from rest.
I'm assuming you meant subsistence farming? If so then yes, it would be a large problem because they would then not have enough food to feed themselves.
