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(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 ...
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 ...
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 ...
Agribusiness is the industry, enterprises, and the field of study [1] of value chains in agriculture [2] and in the bio-economy, [3] in which case it is also called bio-business [4] [5] or bio-enterprise.
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 ...
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 ...
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.
Church Farm in Norfolk, England Typical plan of a medieval English manor, showing the use of field strips. A farm (also called an agricultural holding) is an area of land that is devoted primarily to agricultural processes with the primary objective of producing food and other crops; it is the basic facility in food production. [1]