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The following list, derived from the statistics of the United Nations' Food and Agriculture Organization (FAO), lists the most valuable agricultural products produced by the countries of the world. [1] The data in this article, unless otherwise noted, was reported for 2016.
Agricultural economics is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and fiber products. Agricultural economics began as a branch of economics that specifically dealt with land usage. It focused on maximizing the crop yield while maintaining a good soil ...
An agricultural value chain is the integrated range of goods and services (value chain) necessary for an agricultural product to move from the producer to the final consumer. The concept has been used since the beginning of the millennium, primarily by those working in agricultural development in developing countries , although there is no ...
Commodities can also be mass-produced unspecialized products such as chemicals and computer memory. Popular commodities include crude oil, corn, gold and Bitcoin. Other definitions of commodity include something useful or valued [4] and an alternative term for an economic good or service available for purchase in the market. [5]
Agricultural economics is economics as it relates to the "production, distribution and consumption of [agricultural] goods and services". [245] Combining agricultural production with general theories of marketing and business as a discipline of study began in the late 1800s, and grew significantly through the 20th century. [246]
One example is the SCOPE methodology, [21] an assessment tool that measures the management maturity and professionalism of producer organizations as to give financing organizations better insights in the risks involved in financing. Currently, agricultural finance is always considered risky and avoided by financial institutions.
"Agribusiness is the interrelated and interdependent industries in agriculture that supply, process, distribute, and support the products of agriculture." (Goldberg, 2017) Some agribusinesses have adopted the triple bottom line framework such as aligning for fair trade , organic , good agricultural practices , and B-corporation certifications ...
Plantation economies are factory-like, industrialised and centralised forms of agriculture, [citation needed] owned by large corporations or affluent owners. Under normal circumstances, plantation economies are not as efficient as small farm holdings, since there is immense difficulty in proper supervision of labour over a large land area.