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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 ...
The term "sustainable agriculture" was defined in 1977 by the USDA as an integrated system of plant and animal production practices having a site-specific application that will, over the long term: [13] satisfy human food and fiber needs; enhance environmental quality and the natural resource base upon which the agriculture economy depends
Multifunctionality in agriculture (often simply multifunctionality) refers to the numerous benefits that agricultural policies may provide for a country or region. Generally speaking, multifunctionality refers to the non-trade benefits of agriculture, that is, benefits other than commerce and food production. [1]
(The Center Square) – Agriculture, North Carolina’s No. 1 industry forever, topped $111.1 billion in economic impact in 2024. North Carolina is No. 1 nationally in the production of sweet ...
Agribusiness: a display of a John Deere 7800 tractor with Houle slurry trailer, Case IH combine harvester, New Holland FX 25 forage harvester with corn head. An agricultural subsidy (also called an agricultural incentive) is a government incentive paid to agribusinesses, agricultural organizations and farms to supplement their income, manage the supply of agricultural products, and influence ...
Agroforestry systems can provide advantages over conventional agricultural and forest production methods. They can offer increased productivity; social, economic and environmental benefits, as well as greater diversity in the ecological goods and services provided. [18] These benefits are conditional on good farm management.
The IMPLAN input-output model is a quantitative economic software, technique, or data that facilitates analysis of spending. [1] This analytic tool, created by the U.S. Forest Service and the University of Minnesota, uses the Bureau of Economic Analysis (BEA) input-output criterion combined with other data to compile tables that identify cash flows between different sectors of the economy.
A Companion to American Agricultural History (Wiley-Blackwell, 2022) Lauck, Jon. American agriculture and the problem of monopoly: the political economy of grain belt farming, 1953-1980 (U of Nebraska Press, 2000). Riney-Kehrberg, Pamela. ed. The Routledge History of Rural America (2018) Schapsmeier, Edward L; and Frederick H. Schapsmeier.