Agricultural and Rural Land Use Patterns and Processes Part 2 Flashcards
Agribusiness
Farms run as corporations.
Transnational Corporations
Corporations that operate in many countries. These large-scale operations are commercial, highly mechanized, and often use chemicals and biotechnology in raising crops and animals.
Vertical Integration
The ownership of other businesses involved in the steps of producing a particular good.
Economies of Scale
An increase in efficiency to lower the per-unit production cost, resulting in greater profits.
Commodity Chain
A process used by corporations to gather resources, transform them into goods, and then transport them to consumers.
Carrying Capacity
The number of people that U.S. farmers can support given the available resources.
Cool Chains
Transportation networks that keep food cool throughout a trip.
Location Theory
Deals with why people choose certain locations for various types of economic activity — factories, stores, restaurants, or agriculture.
Von Thünen Model
An economic model that suggested a pattern for the types of products that farmers would produce at different positions relative to the market (community) where they sold their goods, is the start of location theory.
Isotropic Plain
Flat and featureless with similar fertility and climate throughout.
Horticulture
A type of agriculture that includes market gardening/truck farming and dairy farming.
Bid-Price Curve (Bid-Rent Curve)
A graph used to determine the starting position for each land use relative to the market, as well as where each land use would end.
Free-Market Economy
Supply and demand, not government policy, determines the outcome of competition for land.
Comparative Advantage
Naturally occurring beneficial conditions.
Supply Chain
All the steps required to get a product or service to customers.
Luxury Crops
Not essential to human survival but have a high profit margin.
Neocolonialism
The use of economic, political, and social pressures to control former colonies.
Fair Trade Movement
Started with the Fair Trade certificates for coffee in 1988. It is an effort to promote higher incomes for producers and more sustainable farming practices.
Subsidies
Public financial support.