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AGR 109 Week 6 9/27

by: Julissa Navarrete

AGR 109 Week 6 9/27 AGR 109

Julissa Navarrete

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About this Document

These are notes that were taken on 9/27
Intro Ag Industry
Robert Rhykerd
Class Notes
Finance Ag Agriculture Agribusiness Ag Econ
25 ?




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This 1 page Class Notes was uploaded by Julissa Navarrete on Tuesday October 4, 2016. The Class Notes belongs to AGR 109 at Illinois State University taught by Robert Rhykerd in Fall 2016. Since its upload, it has received 3 views. For similar materials see Intro Ag Industry in Agriculture at Illinois State University.


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Date Created: 10/04/16
Week 6: 9/27 Assignment  Research a company (40 points) o One-page description of a company of your choice th o Due Thursday October 13 at start of class with rubric stapled AGRIBUSSINESS PRESENTATION – Dr. Michelle Kibler What is economics the study of?  Choice What is a scare resource?  Land, labor, capital, time, etc. Who is involved with economics?  Everyone Why Agribusiness?  Farm goes to consumers and everything else in between  Biological decisions o Production decisions and realization of those decisions  Distribution of product (consumers vs producers)  Bulkiness (low value per unit)  Non-differentiated and differentiated products Increase productivity – How?  With technology… more output with the same input It all comes down to consumers since they are what drive producers Agribusiness Skills and Characteristics  Strong interest in agriculture  Work with people  Analytical and critical thinking ability Agribusiness Careers  Commodity Trader  Credit Analyst  Market Advise  Retail Manager  Farm Manager Agribusiness Employers  GROWMARK  USDA  ADM  US Bank  Pioneer  Chicago Board of Trade  John Deere, Inc.  1 Farm Credit Services  Dow Agrosciences  American Farm Bureau


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