Producers and Farm Structure (cont 2

Producers and Farm Structure (cont 2 - Producers and Farm...

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Producers and Farm Structure (cont.) Farm Types : 14% of farmers list themselves as “retired.” 40% of farmers list primary occupation as non-farm (part-time or “hobby” farmers). 38% of full-time farmers had gross sales of less than $250,000 (annual net income of $7,500). 8% (160,000 farms) are large, viable farms that account for about 2/3 of total farm sales. Large farms are increasingly specialized.
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Processors Food processors turn raw agricultural commodities into food and/or food ingredients. Commodity processors Food processors Food service providers Retail food consumers
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Commodity Processors Buy raw agricultural commodities from producers or from storage facilities called “assemblers.” Raw commodities are then shipped to large industrial processing plant where they are converted into food ingredients. Food ingredients are used by food product processors. Example: Staley, Cargill, Archer Daniel Midland (ADM) Raw soybeans become soybean oil and soybean meal. Soybean oil becomes cooking oil, margarine,
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Producers and Farm Structure (cont 2 - Producers and Farm...

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