Class Notes (835,007)
Canada (508,866)
Geography (660)
GGR287H5 (33)
Lecture 4

Lecture 4 Notes.docx

4 Pages
54 Views
Unlock Document

Department
Geography
Course
GGR287H5
Professor
Pierre Desrochers
Semester
Fall

Description
(Continuation of Lecture #3 - September 23rd) Modern AgriBusiness Key Characteristics: o < farmers o > Supporting infrastructure o As farms have become more specialized, the number of commodities produced per farm has decreased o As the number of farms declined, their average size increased (number of farmers decreased - "get big or get out") Vertical Coordination (Marketing contracts) • Synchronization of successive stages of production & marketing, with respect to: o Quantity o Quality o Timing of product flows • Pre-scheduled o Prices o Quantities o Time of delivery • (Mostly livestock) commodity buyer o sets input specifications Why Production Contracting? • To increase efficiency • To obtain (or reduce the cost of) financing • To reduce uncertainty • To gain market advantage Conclusion: Main Outcomes of ModernAgriculture • Monocultures • Higher yields • Decline in number of farms & farmers • Increase in size of operations • Lower prices • Lower agricultural pressures on land use Lecture #4 - September 30th Commodity • Physical substance (e.g.: grains) • Interchangeable with another product of same type • Investors buy or sell through different means • Price subject to supply & demand Landrace • Local variety of domesticated animal or plant species • Developed largely by natural processes (adaptation to its natural & cultural environment) Breed (formal) • Bred deliberately to conform to a particular standard type Key Point: Many formal breeds originated from landraces. (Sometimes, a particular type has both landrace & formal breed populations) "Improvements" • For everything: o Better taste o Better appearance o Great disease/weather resistance
More Less

Related notes for GGR287H5

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit