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AGEC 340 Agribusiness Questions with Answers (100% Correct Answers)

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AGEC 340 Agribusiness Questions with Answers (100% Correct Answers)

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AGEC 340 Agribusiness Questions with Answers (100%
Correct Answers)

3 economically independent sectors

(agricultural supply chain) Answer: - input supply sector

-farm sector

-food and processing and distribution sector

Input Supply Sector Answer: - made up of firms that supply inputs

used in agricultural production (crops and live stock)

- provide what is needed to produce

- control most of the production in these industries (animal health,

feed, seed, agricultural chemical, and farm machinery firms)

Production sector Answer: referred to as the farm sector, includes all

firms directly involved in agricultural production

ex: frams growing row crops, fruit and veg farms, orchards, vineyards,

cattle ranches, poultry farms, egg producers, feedlots.

average farm size Answer: increasing
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