Unit 5 Chapter 13 Flashcards
Where does subsistence agriculture occur?
Places where connections to the global market are limited and farmers have less access to credit and financial capital such as rural Africa and parts of Asia and Latin America.
Where does commercial agriculture take place?
core and semi-peripheral countries with the infrastructure in place to access and supply the global market.
What is a dual agricultural economy?
two agricultural sectors in the same country or region that have different levels of technology and different patterns of demand.
Example of dual agricultural economy
Places such as Zimbabwe and South Africa where subsistence farms and right next to commercial farms.
Agribusiness
large-scale system that includes the production, processing, and distribution of agricultural products and equipments.
What are hybrid plants?
different varieties of plants are bred to enhance desired characteristics and improve disease resistance.
3 ways how governments intervene in agricultural markets
- Payments to farmers for growing certain crops or for not growing others.
- regulations of ag imports/exports.
- establish price supports in the form of crop purchases by the government at a guaranteed price
Another way governments intervene in agricultural markets
control the supply of certain crops by enacting quotas, or the amount farmers can produce and sell.
Preferences in agriculture
Dietary preferences and the kinds of agricultural products consumers choose to purchase ultimately affect agriculture the most
What is commercial dairying
the production of selling of milk and related food products.
Factors that affect the dairy market
price of milk that is determined partly by demand and government pricing regulations. Market for cow milk has declined because of alternatives.
Demand for meat has _____
Increased
Where have ranching operation grown?
in regions where the land is open and plentiful for cattle to graze like the U.S and South America.
Vertical Integration
when a company controls all aspects of their business operations from production to processing to shipping and then to selling.
Benefits of vertical integration
reduce costs, improve efficiencies and increase profits.