Chapter 13 Flashcards
agribusiness
the large-scale system that includes the production, processing, and distribution of agricultural products and equipment
cash crop
a crop produced mainly to be sold and usually exported to larger markets.
commodity chain
a network of people, information, processes, and resources that work together to produce, handle, and distribute a commodity or product
dual agricultural economy
an economy having two agricultural sectors that have different levels of technology and different patterns of demand
fair trade
a movement that tries to provide farmers and workers in peripheral and semi-peripheral countries with a fair price for their products by providing more equitable trading conditions
farm subsidy
a form of aid and insurance given by the federal government to certain farmers and agribusinesses.
global supply chains
a network of people, information, processes, and resources that work together to produce, handle, and distribute goods around the world.
hybrid
the product created by breeding different varieties of species to enhance the most favorable characteristics
infrastructure
the many systems and facilities that a country needs in order to function properly
tariffs
a tax or duty to be paid on a particular import or export
vertical integration
the combining of a company’s ownership of and control over more than one stage of the production process of goods.
von Thünen model
a model that suggests that perishability of the product and transport costs to the market each factor into the location of agricultural land use and activity.
