Sept 9 Economic Measures of the Food and Farm Marketing System

Sept 9 Economic Measures of the Food and Farm Marketing System

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Economic Measures of Ag and Food Marketing Activities in the U.S. (9/9/10) AEC 305, Food and Agricultural Marketing Principles AEC 305, Food and Agricultural Marketing Principles Measuring the Economic Importance of the U.S. Agr/Food Marketing System Description: Value added after a good leaves the farm until it reaches the consumer Cost of resources to perform various marketing functions Quantitative Measures Contribution to GNP and Employment Consumer Food Expenditures vs. Farm Value Marketing bill Market basket Retail-farm price spreads AEC 305, Food and Agricultural Marketing Principles AEC 305, Food and Agricultural Marketing Principles Farmers “ Middlemen” Consumers AEC 305, Food and Agricultural Marketing Principles AEC 305, Food and Agricultural Marketing Principles Agricultural Economics Economic Importance of Economic Importance of Kentucky Agriculture Kentucky Agriculture Adding Food Retailing to the above: agriculture accounts for: 11.9% of Kentucky’s total economic activity 15.5% of Kentucky jobs Farming activity: (approx. 3% of KY’s personal income) + Agricultural inputs + Agricultural processing + Forestry = 8.6% of Kentucky’s total economic activity 7.5% of Kentucky jobs Economic Measures of the U.S. Agr/ Food Marketing System Description: Value added after a good leaves the farm until it reaches the consumer Cost of resources to perform various marketing functions Quantitative Measures Contribution to GNP and Employment Consumer Food Expenditures vs. Farm Value Marketing bill Market basket Retail-farm price spreads AEC 305, Food and Agricultural Marketing Principles AEC 305, Food and Agricultural Marketing Principles Farmers “ Middlemen” Consumers Definitions Consumer expenditures for farm foods represent the market value of foods originating on U.S. farms and purchased by or for U.S. consumers. These expenditures cover food in retail stores, food served in restaurants, food served at other away-from-home eating establishments, and food bought directly by consumers from farmers, processors, and wholesalers. (ERS) The farm value is the value of the farm products equivalent to foods purchased by or for consumers at the point of sale by farmers. Farm values are calculated by multiplying disappearance quantities on a farm-weight basis by prices received by farmers. (ERS) AEC 305, Food and Agricultural Marketing Principles AEC 305, Food and Agricultural Marketing Principles Complications in Measuring the Difference Between Consumer Food Expenditures and the Farm Value...
View Full Document

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.

Page1 / 32

Sept 9 Economic Measures of the Food and Farm Marketing System

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online