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The value and production of individual crops varies substantially from year to year as prices fluctuate on the world and country markets and weather and other factors influence production. This list includes the top 50 most valuable crops and livestock products but does not necessarily include the top 50 most heavily produced crops and ...
Along with climate and corresponding types of vegetation, the economy of a nation also influences the level of agricultural production. Production of some products is highly concentrated in a few countries, China, the leading producer of wheat and ramie in 2013, produces 95% of the world's ramie fiber but only 17% of the world's wheat. Products ...
High-value crops includes fruits, vegetables, melons, tree nuts, greenhouse, nursery crops, and horticultural specialties. Cattle; Hogs; Dairy; Poultry and eggs; One characteristic of the agricultural industry that sets it apart from others is the number of individuals who are self-employed.
In United States agricultural policy, high value products (HVP) refers to agricultural products that are high in value, often but not necessarily due to processing. HVPs can be divided into three groups: semi-processed products, such as fresh and frozen meats, flour, vegetable oils, roasted coffee, refined sugar;
The US is the world's largest producer of corn. [8] According to the United States Department of Agriculture (USDA), the average U.S. yield for corn was 177 bushels per acre, up 3.3 percent over 2020 and a record high, with 16 states posting state records in output, and Iowa reporting a record of 205 bushels of corn per acre.
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 ...
Coffee harvest in Ethiopia. Coffee, which originated in Ethiopia, is the largest foreign exchange earner. Agriculture accounted for 50% of GDP, 83.9% of exports, and 80% of the labor force in 2006 and 2007, compared to 44.9%, 76.9% and 80% in 2002–2003, and agriculture remains the Ethiopian economy's most important sector. [7]
This fact, and the proximity of markets, explains why farmers close to urban areas tend to diversify into high-value crops. Risk. Farmers face risk from bad weather and from fluctuating prices. Diversification is a logical response to both. For example, some crops are more drought-resistant than others, but may offer poorer economic returns.