AGEC 340 Agribusiness Exam Questions
and Answers Graded A+
3 economically independent sectors
(agricultural supply chain) - Correct answer-- input supply sector
-farm sector
-food and processing and distribution sector
Input Supply Sector - Correct 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 - Correct 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.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
and Answers Graded A+
3 economically independent sectors
(agricultural supply chain) - Correct answer-- input supply sector
-farm sector
-food and processing and distribution sector
Input Supply Sector - Correct 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 - Correct 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.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
