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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 ...
A plantation economy is an economy based on agricultural mass production, usually of a few commodity crops, grown on large farms worked by laborers or slaves. The properties are called plantations . Plantation economies rely on the export of cash crops as a source of income.
Between 1930 and 1942, the United States' share of world soybean production grew from 3% to 47%, and by 1969 it had risen to 76%. By 1973 soybeans were the United States' "number one cash crop, and leading export commodity, ahead of both wheat and corn". [8] Although soybeans developed as the top cash crop, corn also remains as an important ...
In contrast, the primary focus of a plantation was the production of cash crops, with enough staple food crops produced to feed the population of the estate and the livestock. [4] A common definition of what constituted a plantation is that it typically had 500 to 1,000 acres (2.0 to 4.0 km 2 ) or more of land and produced one or two cash crops ...
The goals could include issues such as biosecurity, food security, rural poverty reduction or increasing economic value through cash crop or improved food distribution or food processing. Agricultural policies take into consideration the primary ( production ), secondary (such as food processing , and distribution ) and tertiary processes (such ...
Tobacco earned them massive amounts of cash, just as it should for shareholders. Large tobacco companies like Philip Morris International (NYS: PM) and Reynolds Tobacco: The Negative Cash Flow Crop
Bayer shares fell sharply to a 20-year low on Tuesday, after the chemical company warned that weak global agricultural markets and a slumping U.S. farm economy are likely to pressure profits further.
Tobacco advertisement from 18th century London. Tobacco cultivation and exports formed an essential component of the American colonial economy. It was distinct from rice, wheat, cotton and other cash crops in terms of agricultural demands, trade, slave labor, and plantation culture.