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A cash crop, also called profit crop, is an agricultural crop which is grown to sell for profit. It is typically purchased by parties separate from a farm . The term is used to differentiate a marketed crop from a staple crop ("subsistence crop") in subsistence agriculture , which is one fed to the producer's own livestock or grown as food for ...
A plantation economy is an economy based on agricultural mass production, usually of a few commodity crops, grown on large farms worked by laborers or slaves. The properties are called plantations. Plantation economies rely on the export of cash crops as a source of income.
Barley and wheat were the most important crops in most European regions; oats and rye were also grown, along with a variety of vegetables and fruits. Oxen and horses were used as draft animals. Sheep were raised for wool and pigs were raised for meat. Crop failures due to bad weather were frequent throughout the Middle Ages and famine was often ...
The economics of English agriculture in the Middle Ages is the economic history of English agriculture from the Norman invasion in 1066, to the death of Henry VII in 1509. England's economy was fundamentally agricultural throughout the period, though even before the invasion the market economy was important to producers.
Yerba mate (left), coffee bean (middle) and tea (right), all used for caffeinated infusions, are commodity cash crops. In economics , a commodity is an economic good , usually a resource , that specifically has full or substantial fungibility : that is, the market treats instances of the good as equivalent or nearly so with no regard to who ...
As European settlers began to colonize the Americas in the 16th and 17th centuries, they quickly realized the economic potential of growing cash crops which were in high demand in Europe. Settlers began to establish plantations, the majority of which were located in the West Indies.
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 ...
Almonds, grown along the southern and the eastern coasts, emerged as another important Spanish cash crop. [2] Almost half of the 1985 crop was exported, approximately 70 to 75 percent of it to EC countries. [2] The "sea of plastic" - greenhouses covering 20,000 ha of the Campo de Dalías around El Ejido and Roquetas de Mar in southern Spain.