Aug 31 Intro to Ag Marketing

Aug 31 Intro to Ag Marketing - AEC 305 – Review from...

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Unformatted text preview: AEC 305 – Review from 8/26/10 AEC 305, Food and Agricultural Marketing Principles AEC 305, Food and Agricultural Marketing Principles Impacts all of us as ag producers and consumers Economic theory (ECO 201) + Applications Current Events-Oriented Journal Entries (equivalent to an exam) “C” or Better for AEC Majors Class lecture slides posted on Blackboard 1. How much would you estimate that U.S. farmers receive from each one dollar spent by U.S. consumers on food? ____ cents. 1. What percentage of disposable income does that “average” American spend on food? ____% 1. What percentage of the U.S. corn crop is currently being used to produce fuel (ethanol)? ____ % 1. What percentage of the U.S. population lists farming as their occupation? ____% 1. The world’s population (and the number of mouths to feed) is expected to increase by what percentage by 2050. ____% AEC 305 Pre-Course Questions Marketing Bill Components 1. How much would you estimate that U.S. farmers receive from each one dollar spent by U.S. consumers on food? 19- 20 cents. 1. What percentage of disposable income does that “average” American spend on food? ____% 1. What percentage of the U.S. corn crop is currently being used to produce fuel (ethanol)? ____ % 1. What percentage of the U.S. population lists farming as their occupation? ____% 1. The world’s population (and the number of mouths to feed) is expected to increase by what percentage by 2050. ____% AEC 305 Pre-Course Questions Percent of Disposable Income Spent on Food 5 10 15 20 25 1 9 5 1 9 5 4 1 9 5 8 1 9 6 2 1 9 6 6 1 9 7 1 9 7 4 1 9 7 8 1 9 8 2 1 9 8 6 1 9 9 1 9 9 4 1 9 9 8 2 2 2 6 percent AEC 305, Food and Agricultural Marketing Principles AEC 305, Food and Agricultural Marketing Principles Source: ERS/USDA 1. How much would you estimate that U.S. farmers receive from each one dollar spent by U.S. consumers on food? 19 cents. 1. What percentage of disposable income does that “average” American spend on food? 10 % 1. What percentage of the U.S. corn crop is currently being used to produce fuel (ethanol)? ____ % 1. What percentage of the U.S. population lists farming as their occupation? ____% 1. The world’s population (and the number of mouths to feed) is expected to increase by what percentage by 2050. ____% AEC 305 Pre-Course Questions Percent of U.S. Corn Used to Produce Ethanol 5 10 15 20 25 30 1 9 8 1 9 8 2 1 9 8 4 1 9 8 6 1 9 8 8 1 9 9 1 9 9 2 1 9 9 4 1 9 9 6 1 9 9 8 2 2 2 2 4 2 6 2 8 percent AEC 305, Food and Agricultural Marketing Principles AEC 305, Food and Agricultural Marketing Principles Source: ERS/USDA 1. How much would you estimate that U.S. farmers receive 1....
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This note was uploaded on 01/13/2011 for the course AEC aec 305 taught by Professor Dr.williamm.snell during the Spring '10 term at Kentucky.

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Aug 31 Intro to Ag Marketing - AEC 305 – Review from...

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