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Subsistence agriculture generally features: small capital/finance requirements, mixed cropping, limited use of agrochemicals (e.g. pesticides and fertilizer), unimproved varieties of crops and animals, little or no surplus yield for sale, use of crude/traditional tools (e.g. hoes, machetes, and cutlasses), mainly the production of crops, small ...
A subsistence economy is an economy directed to one's subsistence rather than to the market. [1] Often, the subsistence economy is moneyless and relies on natural resources to provide for basic needs through hunting, gathering, and agriculture .
Agricultural economics is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and fiber products. Agricultural economics began as a branch of economics that specifically dealt with land usage. It focused on maximizing the crop yield while maintaining a good soil ...
By this definition, peasants are an economic class that shares the relationship of serfdom. Serfdom is characterised by subsistence agriculture on a holding of land, a share of which is taken by a serf, who has legal ownership of the land.
Horticulture and agriculture as types of subsistence developed among humans somewhere between 10,000 and 8,000 years ago in the Fertile Crescent region of the Middle East. [1] The reasons for the development of agriculture are debated but may have included climate change, and the accumulation of food surplus for competitive gift-giving. [2]
A subsistence pattern – alternatively known as a subsistence strategy – is the means by which a society satisfies its basic needs for survival. This encompasses the attainment of nutrition, water, and shelter. The five broad categories of subsistence patterns are foraging, horticulture, pastoralism, agriculture, and industrial food ...
A smallholding or smallholder is a small farm operating under a small-scale agriculture model. [2] Definitions vary widely for what constitutes a smallholder or small-scale farm, including factors such as size, food production technique or technology, involvement of family in labor and economic impact. [3]
A cash crop, also called profit crop, is an agricultural crop which is grown to sell for profit. It is typically purchased by parties separate from a farm . The term is used to differentiate a marketed crop from a staple crop ("subsistence crop") in subsistence agriculture , which is one fed to the producer's own livestock or grown as food for ...