Agriculture and Agribusiness

1. Agriculture and Agribusiness Chapter 1

2. Vocabulary Terms • Agronomic • Cooperative Extension • Crop rotation • Cultivate • Fallow • Federal Land Banks • Futures • Implements • Pneumatic • Terminal • Tertiary Define these 11 terms Due:____________

3. Agribusiness • All operations involved in the manufacture and distribution of farm supplies; production operations on the farm; and the storage, processing, and distribution of the resulting commodities and items. • Or… all steps involved from the raw product to the sale of the finished product.

4. Links in the chain • Primary production of raw materials • Ex:_________________________________ • Transformation of commodities • Ex: ________________________________ • Supply of inputs • EX:_________________________________ • Wholesale and retail sales • Ex:_________________________________ • Educational, technical, and financial aspects • Ex: _________________________________

5. Ag Economics • The study of economic forces that effect the food and fiber industry. • Examples:

6. The Big Picture • Ag Business companies supply _____ supplies to the production agriculturalist ( ). The production agriculturalist produces ____ and ____ . And the ________ is taken by agribusiness companies that process, market and distribute the agricultural products.

7. Just one hamburger…. • Create groups of 4 • List all the elements in a deluxe hamburger. • Break those ingredients down to their basic form • Create a diagram listing all of the aspects of agribusiness involved in creating the hamburger.