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The broadest definition includes handheld power tools, but in general usage, the term implies huge motorized machines, particularly tractors and the many types of farm implements which they tow and/or supply power to. The mechanization of agricultural tasks is a defining element of industrial agriculture.
A poultry farmer is one who concentrates on raising chickens, turkeys, ducks or geese, for either meat, egg or feather production, or commonly, all three. A person who raises a variety of vegetables for market may be called a truck farmer or market gardener. Dirt farmer is an American colloquial term for a practical farmer, or one who farms his ...
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 ...
Net farm income is gross farm income less cash expenses and noncash expenses, such as capital consumption, perquisites to hired labor, and farm household expenses. It is a longer term measure of the ability of the farm to survive as a viable income-earning business. Net cash income is a shorter term measure of cash flow.
The USDA's Economic Research Service (ERS) has developed a farm typology, or farm classification, that divides the 2.1 million U.S. farms into 8 mutually exclusive and relatively homogeneous groups: limited resource farms; retirement farms; residential/lifestyle farms; farming occupation/lower sales; farming occupation/high sales; large family ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
She became an activist for higher wages and better working conditions for her fellow laborers. She is credited with coining the phrase “bread and roses” to explain that women workers needed “both economic sustenance and personal dignity,” according to Hasia Diner, a professor of American Jewish history at New York University.
However, the traditional term for farmer, nongfu (农夫), simply refers to "farmer" or "agricultural worker". In the 19th century, Japanese intellectuals reinvented the Chinese terms fengjian ( 封建 ) for "feudalism" and nongmin ( 农民 ), or "farming people", terms used in the description of feudal Japanese society. [ 25 ]