Structure of the Food & Fiber Industry Linkages to the Farm Business Sector AGEC 489/689 Spring 2010.

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Presentation transcript:

Structure of the Food & Fiber Industry Linkages to the Farm Business Sector AGEC 489/689 Spring 2010

The Farm Business Sector

General Economic Influences

Food And Fiber System

Unique Policy Influences

Important Market Linkages

Domestic Macro Policy General Domestic Economy Important Market Linkages Farm Input Supply Sectors Food Processing And Fiber Manufacturing Sectors Whole And Retail Trade Sectors Farm Policy Farms and Ranches Environmental Policy Global Macro Policy Global Economy Key point: Because farmers and ranchers are price takers in product, input, labor and credit markets, they are susceptible to trends in these other markets. Key point: Because farmers and ranchers are price takers in product, input, labor and credit markets, they are susceptible to trends in these other markets. Farm Credit Markets Farm and Non-Farm Labor Markets

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