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The primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, fishing, forestry and mining. [1] [2] [3] The primary sector tends to make up a larger portion of the economy in developing countries than it does in developed countries.
Central Warehousing Corporation is a statutory body which was established under ‘The Warehousing Corporations Act, 1962. It is a public warehouse operator established by the Government of India in 1957 to provide logistics support to the agricultural sector. It operates 422 warehouses across India with a storage capacity of 10 million tonnes.
Grain bins in Cashton, Wisconsin Grain elevators are composed of groups of grain silos, such as these at Port Giles, South Australia. Silos in Acatlán, Hidalgo, Mexico. A silo (from Ancient Greek σιρός (sirós) 'pit for holding grain') is a structure for storing bulk materials.
The wholesaler may also perform storage and warehousing functions, as well as allowing economies of scale to be obtained in the transportation of produce from farm to market. The people involved in wholesaling can act simply as merchants, buying and selling produce, can be brokers dealing in orders rather than goods, or can be commission agents.
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.
Industrial agriculture is a form of modern farming that refers to the industrialized production of crops and animals and animal products like eggs or milk.The methods of industrial agriculture include innovation in agricultural machinery and farming methods, genetic technology, techniques for achieving economies of scale in production, the creation of new markets for consumption, the ...
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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 ...