6_production.uniqueness.technology

6_production.uniqueness.technology - Agricultural...

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    Agricultural Production What Makes the Agri-Food System Unique?
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Key Questions Why is the agri-food industry different than  other industries? How do these differences impact players  in the agri-food system?  How has technology impacted our agri- food system?  What problems and opportunities do these  factors create for players in the agri-food  system
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What Makes the Agri-Food System  Unique? Geographical Factors Biological Factors Seasonal Factors “People” Factor Capital Factors Technological Factors
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Geographical Factors We produce more than 200 commodities  in the U.S. Not all commodities are geographically  interchangeable Climate Examples: Soils/topography Examples:
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Impacts of Geographical Factors Increases place value due to high  transportation costs Production, first handlers or processors  tend to be concentrated in production  region Wholesalers-Retailers tend to be  concentrated in consumption region
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Biological Factors Production Lags : length of time from  which the decision to produce occurs until  the production reaches the market;  Shortest: Longest: Perishable products Quality Variation Risks :  Weather, Pests, Disease
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Impacts of Biological Factors Decisions must be made based upon  expected prices and expected yields; Production agriculture has risks that other  industries do not! Increases time value for storage Increases form value for extending  shelf life
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Seasonal Factors Seasonality of Supply  – batch  production Example: Seasonality of Demand  – tastes and  preferences vary throughout the year Example:
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Impact of Seasonal Factors Creates storage costs Creates handling costs Prices change throughout the year Costs of additional processing
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6_production.uniqueness.technology - Agricultural...

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