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Although livestock production serves as a source of income, it can provide additional economic values for rural families, often serving as a major contributor to food security and economic security. Livestock can serve as insurance against risk [45] and is an economic buffer (of income and food supply) in some regions and some economies (e.g ...
Contract farming involves agricultural production being carried out on the basis of an agreement between the buyer and farm producers. Sometimes it involves the buyer specifying the quality required and the price, with the farmer agreeing to deliver at a future date.
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It uses between 20 and 33% of the world's fresh water, [81] Livestock, and the production of feed for them, occupy about a third of the Earth's ice-free land. [82] Livestock production contributes to species extinction, desertification, [83] and habitat destruction. [84] and is the primary driver of the Holocene extinction.
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 ...
"Agribusiness is the interrelated and interdependent industries in agriculture that supply, process, distribute, and support the products of agriculture." (Goldberg, 2017) Some agribusinesses have adopted the triple bottom line framework such as aligning for fair trade , organic , good agricultural practices , and B-corporation certifications ...
Corporate farming is the practice of large-scale agriculture on farms owned or greatly influenced by large companies. This includes corporate ownership of farms and the sale of agricultural products , as well as the roles of these companies in influencing agricultural education, research, and public policy through funding initiatives and ...
Purpose-built sheep carrier. Live export is the commercial transport of livestock across national borders. The trade involves a number of countries with the Australian live export industry being one of the largest exporters in the global trade.