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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 ...
Church Farm in Norfolk, England Typical plan of a medieval English manor, showing the use of field strips. A farm (also called an agricultural holding) is an area of land that is devoted primarily to agricultural processes with the primary objective of producing food and other crops; it is the basic facility in food production. [27]
Rural economics is the study of rural economies. Rural economies include both agricultural and non-agricultural industries, so rural economics has broader concerns than agricultural economics which focus more on food systems. [1] Rural development [2] and finance [3] attempt to solve larger challenges within rural economics.
Prey animals, sheep, goats, pigs and cattle, were progressively domesticated early in the history of agriculture. [3] Pigs were domesticated in the Near East between 8,500 and 8000 BC, [4] sheep and goats in or near the Fertile Crescent about 8,500 BC, [5] and cattle from wild aurochs in the areas of modern Turkey and Pakistan around 8,500 BC. [6]
Josh Hoffman's essay addresses a challenge that many families in agriculture face: the family farm's transition from one generation to the next. Josh Hoffman's essay addresses a challenge that ...
An example of the breadth and types of agriculture policy concerns can be found in the Australian Bureau of Agricultural and Resource Economics article "Agricultural Economies of Australia and New Zealand" which says that the major challenges and issues faced by their industrial agriculture industry are: marketing challenges and consumer tastes
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]
Agricultural productivity is measured as the ratio of agricultural outputs to inputs. [1] While individual products are usually measured by weight, which is known as crop yield, varying products make measuring overall agricultural output difficult. Therefore, agricultural productivity is usually measured as the market value of the final output ...