GGR287H5 Lecture Notes - Lecture 4: Simon & Garfunkel, Durum, Landrace
Document Summary
Vertical coordination (marketing contracts: synchronization of successive stages of production & marketing, with respect to, quantity, quality, timing of product flows, pre-scheduled, prices, quantities, time of delivery (mostly livestock) commodity buyer, sets input specifications. Why production contracting: to increase efficiency, to obtain (or reduce the cost of) financing, to reduce uncertainty, to gain market advantage. : main outcomes of modern agriculture: monocultures, higher yields, decline in number of farms & farmers. Increase in size of operations: lower prices, lower agricultural pressures on land use. 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)
