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A demand for pork emerges, and so one or two farmers begin raising pigs. While pig supply is limited, prices are high – at this point of the cycle, pork is a rare good. More farmers realise the value potential and also begin raising pigs. As more and more piggeries come 'online,' the price begins to decrease as supply increases.
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 ...
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.
In some periods, "cattle" and "livestock" have been used interchangeably. Today, [specify] the modern meaning of cattle is domesticated bovines, while livestock has a wider sense. [7] United States federal legislation defines the term to make specified agricultural commodities eligible or ineligible for a program or activity.
The William Davies Company facilities in Toronto, Ontario, Canada, circa 1920. This facility was then the third largest hog-packing plant in North America. The meat-packing industry (also spelled meatpacking industry or meat packing industry) handles the slaughtering, processing, packaging, and distribution of meat from animals such as cattle, pigs, sheep and other livestock.
Cattle feedlot in Colorado, United States. Animal husbandry is the branch of agriculture concerned with animals that are raised for meat, fibre, milk, or other products.It includes day-to-day care, management, production, nutrition, selective breeding, and the raising of livestock.
Pigs are extensively farmed, and therefore the terminology is well developed: Pig, hog, or swine, the species as a whole, or any member of it. The singular of "swine" is the same as the plural. Shoat (or shote), piglet, or (where the species is called "hog") pig, unweaned young pig, or any immature pig [23] Sucker, a pig between birth and weaning
Precision livestock farming (PLF) is a set of electronic tools and methods used for the management of livestock.PLF involves automated monitoring of animals to improve their production, reproduction, health, welfare, and impact on the environment.