ANSC 101 Chapter Notes - Chapter 17: Child Labor Laws In The United States
13 Oct 2016
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Who needs to be concerned: businesses that contribute to the value stream involving animals. Consultants: bankers, machinery dealers, insurance salespersons, extension faculty . 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. Killer toys: shiny new items (usually vehicles) which provide less value to the business than they cost. Age of farmers: average age of principle operator. Over 25% of farmers are over 65 and rising. Less than 6% of farmers are under 35 and falling: depends upon species.
