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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 ...
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.
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 areas have unique economic and social dynamics due to their relationship with land-based industry such as agriculture, forestry, and resource extraction. Rural economics can be subject to boom and bust cycles and vulnerable to extreme weather or natural disasters, such as droughts .
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]
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
Often, rural regions have experienced rural poverty, poverty greater than urban or suburban economic regions due to lack of access to economic activities, and lack of investments in key infrastructure such as education. Rural development has traditionally centered on the exploitation of land-intensive natural resources such as agriculture and ...
There are many organizations that are targeted at teaching young people how to farm and advancing the knowledge and benefits of sustainable agriculture. 4-H was started in 1902 and is a U.S.-based network that has approximately 6.5 million members, ages 5 to 21 years old, and is administered by the National Institute of Food and Agriculture of ...