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In United States agricultural policy, high value products (HVP) refers to agricultural products that are high in value, often but not necessarily due to processing. HVPs can be divided into three groups: semi-processed products, such as fresh and frozen meats, flour, vegetable oils, roasted coffee, refined sugar;
The value and production of individual crops varies substantially from year to year as prices fluctuate on the world and country markets and weather and other factors influence production. This list includes the top 50 most valuable crops and livestock products but does not necessarily include the top 50 most heavily produced crops and ...
This fact, and the proximity of markets, explains why farmers close to urban areas tend to diversify into high-value crops. Risk. Farmers face risk from bad weather and from fluctuating prices. Diversification is a logical response to both. For example, some crops are more drought-resistant than others, but may offer poorer economic returns.
shows a tractor plowing a crop field Worker overseeing cotton gin, ca. 1940s Agriculture is a major industry in the United States , which is a net exporter of food. [ 1 ] As of the 2017 census of agriculture , there were 2.04 million farms, covering an area of 900 million acres (1,400,000 sq mi), an average of 441 acres (178 hectares) per farm.
Agriculture encompasses crop and livestock production, aquaculture, and forestry for food and non-food products. [1] Agriculture was a key factor in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to live in the cities.
The longer a crop's harvest period, the more efficient plantations become. Economies of scale are also achieved when the distance to market is long. Plantation crops usually need processing immediately after harvesting. Sugarcane, tea, sisal, and palm oil are most suited to plantations, while coconuts, rubber, and cotton are suitable to a ...
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Profits from crops can increase from higher value crops, better marketing, value-adding activities such as processing, or expanded access for the public to markets. [9] Profits can also decrease through reduced demand or increased production. Crop diversity can protect against crop failure, and can also offer higher returns. [10] [11]