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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 ...
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 ...
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 ...
(pl.) aboiteaux A sluice or conduit built beneath a coastal dike, with a hinged gate or a one-way valve that closes during high tide, preventing salt water from flowing into the sluice and flooding the land behind the dike, but remains open during low tide, allowing fresh water precipitation and irrigation runoff to drain from the land into the sea; or a method of land reclamation which relies ...
Industrial crops: cotton, sugarcane, tobacco, groundnut, castor, gingelly, tapioca, etc. Food adjuncts: food and industrial use, no distinct demarcation; spices, condiments, beverages, and narcotics. It is also possible that one crop which has been included as a food crop may be figured as an industrial crop; for example maize or tapioca.
The goals could include issues such as biosecurity, food security, rural poverty reduction or increasing economic value through cash crop or improved food distribution or food processing. Agricultural policies take into consideration the primary ( production ), secondary (such as food processing , and distribution ) and tertiary processes (such ...
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
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.