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AGRIBUSINESS MANAGEMENT STUDY - REAL EXAM QUESTIONS WITH EXPERT VERIFIED ANSWERS FOR GUARANTEED PASS | LATEST UPDATE 2025

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AGRIBUSINESS MANAGEMENT STUDY - REAL EXAM QUESTIONS WITH EXPERT VERIFIED ANSWERS FOR GUARANTEED PASS | LATEST UPDATE 2025

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AGRIBUSINESS MANAGEMENT STUDY - REAL
EXAM QUESTIONS WITH EXPERT VERIFIED
ANSWERS FOR GUARANTEED PASS | LATEST
UPDATE 2025

hierarchy of reasons people buy food - ✔✔nutritious, safe, affordable - most basic
reason (bottom of pyramid)
tastes good and variety
convenience
promoting health
living well
status and causes (top of pyramid)



3 sources of combining science, technology, and business management - ✔✔a free
enterprise - rewarding those who take risks
human race's perpetual desire to



role of business management - ✔✔integration of knowledge from many different
disciplines, including ag. economics, utilizing advancements in logistics,
communications, and operations management



eli whitney's contribution to the evolution of the food and fiber system - ✔✔in 1793
he invented the cotton gin which displaced 1/4 of the agricultural jobs in the south by
1860... the higher productivity led to cotton being the lead US export until after the civil
war

, cyrus mccormick's contribution to the evolution of the food and fiber system -
✔✔1840 wheat harvesting mechanical equipment... grain harvesters reap 500% the
amount of wheat than collected per man hour, 250% for corn



john deere's contribution to the evolution of the food and fiber system - ✔✔1847
invention of the moldboard plow resulted in doubling acres under cultivation during the
1870s



2 sectors of ag. that emerged after technological advancements - ✔✔-large scale
commodity processing
-food manufacturing/manufactured inputs


the input sector - ✔✔-shows the impact of evolving technology
-inputs have remained relatively the same while output and productivity have been
climbing
-decline in labor due to GMOs



the production sector - ✔✔-number of farms since 1950 has declined by 2/3
-average farm size has nearly doubled
-2% of US farms produce 50% of total US output
-more than 99% of farms are family owned



the commodity and food processing sector - ✔✔things like canning and store bought
flour helped people buy commodities year round and not need to live near a farm to
obtain these items - improvement in processing and manufacturing techniques made it
safer, cheaper and easier to buy in stores instead of doing it yourself

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