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Chapter 17

ANSC 101 Chapter Notes - Chapter 17: Child Labor Laws In The United States


Department
Animal Science
Course Code
ANSC 101
Professor
Dr.Moyes
Chapter
17

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ANSC 101 Chapter 17 Ag Economics
Who needs to be concerned?
Businesses that contribute to the value stream involving animals.
Farmers
Veterinarians
Nutritionists
Consultants: bankers, machinery dealers,
insurance salespersons, extension faculty…
Value Stream
A sequence of activities required to design, produce and provide a good or service, and along
which information, materials, and value flows.
Livestock Farm Costs
Feed biggest single cost for livestock
Labor
Must be tracked on family farms Hired vs. family
Interest
Management
Veterinary
Fuel
Land: owned vs. rented; fertility, run-off
Capital
Family Farms
98% of all farms
84% of all agricultural production
Owner/operator and his or her family provide significant labor
Minimum sales of ag products
Prices
Textbook: supply and demand
Reality: Depends on Marketing
Commodity product
Branded product
Farmer’s market
Organic
Niche Marketing
Mid Atlantic
High land prices
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