AGEC 2003 Chapter : AGEC 2003
Document Summary
Vertical coordination the linking of successive stages in the marketing and production of a commodity in one decision entity: ex: controlling each level of production raising/growing, processing, then selling. Number of farms decreasing, but becoming much larger 6. 5 million farms in 1920, 147 acres/ farm. Farm workers have declined 9. 3 million 1950 to 2. 8 million 1998, due to ag. productivity increases http://www. ers. usda. gov/statefacts: average farm size (acres) (2007, top commodity (dollars)(2007, top parish (dollars) (2007, for louisiana. Farming dependent when a county gets 15%+ of earning from farming or 15%+ of the county"s residents are farmers. Mining dependent when a county receives 15%+ of their earnings from mining. Federal/state government could be payments from the gov. Services dependent 45%+ come from service activities; ex: tourism. Nonspecialized all counties that don"t fall in any category. There are less than 3% of farmers in the us. However, the size of farms have increased.
