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by: Samara Parker


Samara Parker
GPA 3.65

J. Detre

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J. Detre
Class Notes
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This 34 page Class Notes was uploaded by Samara Parker on Tuesday October 13, 2015. The Class Notes belongs to AGEC 1003 at Louisiana State University taught by J. Detre in Fall. Since its upload, it has received 25 views. For similar materials see /class/222708/agec-1003-louisiana-state-university in Agricultural & Resource Econ at Louisiana State University.

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Popular in Agricultural & Resource Econ




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Date Created: 10/13/15
IJ l 1 ggl39i J Fonz 53743119quot What is Agribusiness Agribusiness as we know it today represents a vast complex system of businesses that not only supports the production sector of agriculture but reaches well beyond the farm gate It includes all businesses that are involved in providing a wide range of food and ber products for consumption AGRIBUSINESS includes any business whose activities affect the ow of food and ber products from production to consumption In Th W d Product Flow in Global Agri Food System Food Consumer Food Products I Input Suppliers Farms and Ranches Agricultural Commodities Consumer Demand US Agribusiness Leading the World Largest Agribusiness Sector in World Largest Part of US Economy 16 of GDP One of the Best Integrators of Technology Biggest User of Biotechnology US Agribusiness Leading the World Safest Food Lowest Cost Food Largest Assortment of Food 11000 new food products per year l USAgribusiness Industry Grocery Stores Specialized Foodstores Public Policy Management Commercial Establishments Restaurants Finance Institutions 7 V Advertismg Industrial Uses Insurance Legal Food and Fiber Research Demand Marketing Regulation Food and Fiber Marketing Sector 6 J Imports Food and Fiber 3 Production Sector Exports Transportation Assembling Grading I Animal Products Storage Manufactured Products Fruits and Nuts Food and Fiber Input Supply Sector Agricultural Production Processmg Meat and Dairy Products F d and Feed Grains vti tgm a39ing Grain Mill Products Hay and F rage Pricing g Preserved Fruits amp Vegetables Agricultural Inputs Sugar C39I39OPS Bakery Products 2 Vegetables R39Sk Beanng Su ar amp Confections Labor 0quot crops 9 39 Real Estate Fats 8 Oils Mechanical Power comm Beverages A Tobacco r gricultural Chemicals Textile Mill Products Feed Seed amp Livestock Forestry Products Tobacco Products Taxes amp Interest Aquaculture Lumber Products Miscellaneous Wood amp Paper Products Apparel amp Other Textiles The Business of Food We consume 350 million tons of food each year about 6 poundsdayperson Farmers get 195 cents of each food dollar Consumers spend 95 of income on food Each farm worker produces food for 144 people US Agribusiness With lt 7 of World s Land and 5 of World s Population We Produce 12 Agricultural Output 12 Wheat 42 Corn 47 Soybeans 16 Cotton 19 Milk 28 Cheese We Export 27 of US Production 140 120 100 80 60 40 20 Farm Productivity amp People FedFarm Worker 1950 1960 1970 Pe0ple FedFarm 39orker 1980 1990 2000 2005 Pr0ductivity 0f Farming Index 1996 100 Figure 14 Percent of Income Spent on Food 25 20 15 10 1930 1940 1950 1960 1970 1980 1990 2000 2004 Percent of Income Percent of Income Spent on Food 2 C a nada Unltetl Kingdom France J a pa n Hung V Kenya IV 01 x C 039 st India Percent of Personal Consumption Expenditures Spent for Food Consumed at Home 1999 United France quot Hun ary 26 o Mexico 245 Ecuador 39 328 quot Ivory Coast 40 People Buy Food For Hierarchy of Reaons Living Well i Promoting Health Convenience Tastes Good amp Variety Nutritious Safe and Affordable Combining Science Technology and Business Management Bene ts in the agrifood system are a result of the transformation of science into technology Science remains in the laboratory unless there is incentive to adopt the knowledge This is the difference between science and technology Agribusiness Management is the integrator Source The Agricultural Revolution of the 20Lh Century by Paarlberg amp Paarlberg pg 59 The Role of Science and Technology The Agricultural Revolution of the 20th Century I If a farmer from Old Testament times could have visited an American farm in year 1900 he would have recognized and had the skill to ase most of the tools he saw the hoe the plow the harrow the rake If he were to visit an American farm today he might think he was on a different planet Source The Agricultural Revolution of the 20lh Century by Paarlberg amp Paarlberg pg Xii The Role of Science and Technology The Agricultural Revolution of the 20th Century II The changes that occurred in American agriculture during the 20th century exceed in magnitude all the changes that occurred during the 10000 years since human beings rst converted themselves from hunters and gathers to herdsman and cultivators Source The Agricultural Revolution of the 20lh Century by Paarlberg amp Paarlberg pg Xiii f 1 f k Input Production PrOCessing I if y 139 9 J mg a Figure 1 Changes in US agricultural output inputs and total factor productivity since 1948 index 1948100 Total output Total inputs Total factor productivity 1948 1952 1956 1960 1964 1968 1972 1976 1980 1984 1988 1992 1996 2000 Total factor productivity measures total output per total inputs or the overall efficiency of agricultural production Source Economic Research Service Hours of Farm Work Per Acre Planted 1950 1955 1960 1965 1970 1975 1980 1985 1990 Figure 2 Trends in agricultural input and output prices Index 1948100 700 General price index Agricultural output price index Agricultural input price index x gt 300 200 M 100 O llllllllllllIllllllllllllllllllllllllllllll 1948 1952 1956 1960 1964 1968 1972 1976 1980 1984 1988 1992 1996 2000 2034 Source Economic Research Senice agricultural output and input price indexes President general price index tor the U13 gross national productJi J and Economic Report of the Farm Numbers amp Sales by Annual Sales 3500900 and aver l Of Sals I Of Farms 32507499999 5 31007249999 r 350000799999 Percent US Processed Food Imports and US Exports Exports mports Changes in US Land Use 1949 vs 2002 EIPastureampRange EIForesl IICropland nomerSpeciaI IZIUrban s PIOCBSSiIlg F gilmh ufam ng Sector 0 Transforming Commodities To Food Products What a Dollar of Food Pays For Adve ising Rent Transportation Energy 35 Agribusiness is BIG Business Agribusiness Firms Fortune 500 Beverage Companies CocaCola Pepsico Food Consumer Products Companies H J Heinz Hershey Food Production Companies Tyson Foods Gold Kist Food Service Companies McDonalds Starbucks Food and Drug Stores Kroger Safeway Forest and Paper Products Meadwestvaco Tobacco Companies Altria Group Inc Food amp Grocery Wholesalers Sysco Trends Farming to Food Factories Fewer but Larger Facilities Fewer but Better Educated Employees A High Tech Business


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