Economics Flashcards
Production inputs
waste, feed, land, water, facilities, and labor
contributions to cost of feed
Feed value, storage, transportation, labor, feeding equipment
Feed efficiency
The ability of poultry and livestock to convert the feed they consume into nutrient-dense products
Limited feeding
Livestock fed limited amounts at certain times
Ad libitum feeding
Unlimited feeding, food always available
Improving waste efficiency
Composting, modified diets, storage impacts nutritional composition and moister, Manure additives such as N and P increase value
water usage
Agriculture is largest consumer; drinking water, crop watering, processing
Increasing water efficiency
Incentive programs, the three steps to mitigate global water crisis
Reason for sustainable animal production system design
To maintain the conversion of available and inexpensive feed resources into animal products without diminishing the surrounding environment or wasting natural resources
Second dimension
Balance between Global Food Demand and Environmental Health and Resource
Third dimension
Balance between consumer demands and affordable outputs
Production systems
Extensive/Rangeland and Intensive/Confinement
Extensive/Rangeland production systems
Ruminant and feedlot, Low labor, High land use, Low inputs and outputs
Intensive/Confinement production systems
High labor, Low land use, High fertilizer input, High cash inputs and outputs
Extensive improving sustainability
Forage quality and livestock management
