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The Size and Importance of Agribusiness

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The 5 major farm commodities sold in the world markets are: Wheat & wheat products ... Live animals, meat, and meat products. Vegetables. Totaling= $46.7 billion ... – PowerPoint PPT presentation

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Title: The Size and Importance of Agribusiness


1
The Size and Importance of Agribusiness
  • Chapter 2
  • Fall 2007 Alanna L. Neely

2
Land
  • The major resource in modern farming
  • Especially interested in how much is available
    and how it is being used.
  • The U.S. has 2.3 billion acres
  • 21 used for crops
  • 25 used for livestock
  • 30 for producing forest products
  • Remaining 26 used for non-ag

3
  • Farm numbers have declined since the 1920s but
    at different rates.
  • Currently, about 2.1 million farms are producing
    the total food supply for Americans and numerous
    foreign countries.
  • Although farm numbers are ___________, the
    average size of farms is __________.

4
  • The Average American farm is _________ acres.
  • What does this mean?
  • _________________________________________________
    __________________________________________________
    __________________________________________________
    _________________

5
  • _________ predict that the trend toward fewer
    farms will continue, but the _________ will occur
    in small and medium sized farms.

6
  • Presently
  • 169,000 farms contain 1,000 acres or more
  • 200,000 farms contain 500 to 1,000 acres
  • Over 700,000 farms have less than 10 acres
  • Approx. 183,000 farms have less than 10 acres

7
Lets look at the impact of production agriculture
on the US Economy.To do this we must measure
the value of __________ and ___________ that
America produces in a year.
  • Gross Domestic Product
  • GDP

8
The Ag industry accounts for 17 of the GDP
and provides more than 20 of ALL jobs in the
country
  • Lets take a look at Fig. 2-1 (pg19) in the text.

9
All of these different products produced are
referred to as _________. These are projects on
a farm, such as the production of any crop or
livestock
  • Fig. 2-2 gives examples

10
  • The production agriculturists share of each
    dollar spent for food by the consumer is about
    _______
  • This means that approx. 70 cents of every dollar
    the consumer spends for food products goes to pay
    the cost of transportation, processing, other
    marketing services, and profits after the
    products leave the producers hands.

11
EFFICIENCYWhy is this so important?
  • American Agriculture is known for its __________
    ____________.
  • With less than .3 of the worlds production
    agriculturists, the US produces a major
    percentage of the worlds _______ ________ _______.

12
  • See Fig. 2-3 pg.21
  • How do we measure efficiency?
  • Why is it so important?

13
  • American Agriculturists are recognized
    throughout the world for their ability to
    continually ________ _________ while ________
    remain relatively __________.
  • Today. 1hr farm labor 16x the food and fiber
    it did 60yrs ago.

14
  • Agriculture is the largest industry in the United
    States.
  • Agribusiness is the single most important
    contributor to the worlds economy.
  • Agribusiness worldwide represents approx. ¼ of
    the total world economic production and provides
    employment for HALF the population on Earth.

15
  • The agribusiness input sector plays a major role
    in the production of food and fiber.
  • List some inputs..
  • Improvements in these inputs have been the main
    reason for the outstanding efficiency of
    production agriculturists.

16
Yearly expenditures for agriculture include
  • 10.1 billion for fuel, lubricants, maintenance
  • 3.9 billion for seed
  • 18.4 billion for feed
  • 10.5 billion for livestock
  • 8.8 billion for fertilizer lime
  • 10.3 billion for hired labor
  • 21.7 billion for depreciation

17
Production agriculturists spent over 22 billion
more in 1992 than in 1987
  • What do you think this trend will do in the
    future?
  • Why?

18
The agribusiness output sector includes all
agribusiness and induviduals that handle
agricultural products from the farm to the final
consumer.
  • List some outputs
  • Transporting
  • Storing
  • Warehousing
  • Grading
  • Sorting
  • Processing
  • Assembling
  • Packing
  • Selling etc.

19
Agribusiness and Foreign Trade
  • The 5 major farm commodities sold in the world
    markets are
  • Wheat wheat products
  • Feed grains feed grain products
  • Soybeans soybean products
  • Live animals, meat, and meat products
  • Vegetables
  • Totaling 46.7 billion

20
  • Almost every country in the world purchases some
    agricultural product form the U.S.
  • We are not only major exporters in the world
    market place, we are also major importers of
    agricultural products

21
  • Most agricultural imports come from Latin
    America, Asia, and Europe.
  • However, U.S. imports come from every continent
    except __________.
  • Although imports are greater than ever, the US
    ________ _________ was 18.9 billion in the
    mid-90s.
  • Exported
  • - Imported
  • ______________
  • Trade surplus

22
  • 25,000- 30,000 jobs are created in the US for
    each billion dollars of Ag exports.
  • In many states, as much as one-half of farm
    income comes form ag exports
  • Exports account for approx. 1/3 of U.S. ag
    production.

23
Agribusiness and Energy
  • The agricultural industry is both a producer and
    user of energy.
  • The total ag industry consumes 10 to 20 of the
    nations energy.
  • Agriculture is becoming a larger producer of
    energy.
  • Lets take a look at pg 28 29

24
Agribusiness and the Enviroment
  • The environment is becoming more important to the
    business of agriculture.
  • For most of this century resources and
    environment have taken a back seat to _________
    and _________.
  • Why did we start showing concern for the
    enviroment?

25
National Resource Conservation Agency
  • The NRCS has stated its objective as follows
  • the use of each acre of agricultural land
    within its capabilities and the treatment of each
    acre of agricultural land in accordance with its
    need for protection and improvement.

26
  • List some traditional soil and water conservation
    practices that protect the environment and
    describe the purpose of each.
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