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AGEC 314 Chapter 1

by: Danielle Prieto

AGEC 314 Chapter 1 314

Danielle Prieto
Texas A&M

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Chapter questions
Marketing Agricultural and Food Products
Dr. Dharmasena
Class Notes
25 ?




Popular in Marketing Agricultural and Food Products

Popular in Agribusiness & Applied Economics (AGEC)

This 1 page Class Notes was uploaded by Danielle Prieto on Thursday October 6, 2016. The Class Notes belongs to 314 at Texas A&M University taught by Dr. Dharmasena in Fall 2016. Since its upload, it has received 2 views. For similar materials see Marketing Agricultural and Food Products in Agribusiness & Applied Economics (AGEC) at Texas A&M University.

Similar to 314 at Texas A&M

Popular in Agribusiness & Applied Economics (AGEC)


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Date Created: 10/06/16
Chapter 1: Study Questions # 1, 7, 8 1. Why would American soybean producers care about the weather in South America? Is this distinction macro, micro, or a mixture of macro and micro? American soybean producers care about the weather in South America because if  South America had good weather for producing soybeans during a certain year,  then the American soybean producers will have to sell soybeans for less than they  would if South America was exporting few or no soybeans that year. This  distinction is macro.  7. Can you identify a case where falling consumption was evident for a food product?  Why was this? In 2015 the consumption of red meat in the United States fell, as compared to  2014. This fall in consumption was due to consumers replacing red meat with  leaner meats and proteins because of health concerns.  8. Select a high­income and a low­income country and compare their agricultural  marketing systems. Who are the producers, processors, consumers, and regulators? In most high­income countries, such as Germany, the main producers and  processors are large corporations, with a few smaller farms included in the mix as  well. Agricultural products produced by large companies are generally sold to  grocery stores and then purchased by the general public. These products are  closely regulated by the government. Smaller farms usually produce agricultural  products for themselves and/or for a small group of people that they sell to  directly. Though this is regulated by the government, smaller farms that do not  provide for a large portion of the population are not as closely watched.  In low­income countries, like Kenya, the producers and processors are families or  fairly small groups of people running a farm to produce goods for themselves and  their families. In this case, since the majority of the population works on the  farms, the producers and processors would also be the consumers and regulators,  since they are producing for themselves, and the government is not imposing any  kind of regulations.  “ “An Aggie does not lie, cheat, or steal or tolerate those who do.” “On my honor as an Aggie, I  have neither given nor received unauthorized aid on this academic work.” Danielle Prieto     123001709        10/1/2016 Page 1


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