2. The Food Industry

2. The Food Industry - The Food Industry Click to edit...

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Click to edit Master subtitle style 2/11/11 The Food Industry
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2/11/11 Major Sectors of Food Industry 1. Farm service $13 2. Producers $8 3. Processors 4. Marketing system $79 Total food purchases $100
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2/11/11 Farm Service Sector Provides producers with inputs: Feed Fertilizer Fuel Equipment Chemicals Farm structures Banking Accounting
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2/11/11 Farm Service Sector (cont.) Some big-name service providers John Deere DuPont Monsanto Many local service providers
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2/11/11 Producers All firms engaged in the biological processes associated with the production of food and fiber (cotton, wool, flax…), e.g., Farmers Ranchers Grove owners Nursery owners Producers buy from the service
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2/11/11 Processors Processors create value by converting raw agricultural commodities into those products the consumers want. Commodities processors, e.g., Millers turn wheat into flour Gins turn cotton bolls into fiber for spinning Pulp mills convert logs to pulp for paper manufacture Finish and food processors
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2/11/11 Processors Examples: ConAgra Foods produces margarine Blue Bonnet Fleischmann’s Parkay ConAgra Foods sells Turkeys under the Butterball brand Soybean oil under the Wesson brand
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2/11/11 Marketers The distribution system that ties producer and consumer together. Creates value by providing time,
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This note was uploaded on 02/10/2011 for the course AEB 3103 taught by Professor Cazanova during the Fall '08 term at University of Florida.

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2. The Food Industry - The Food Industry Click to edit...

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