Agricultural markets: markets of the food and agricultural raw materials

Date: 2015-10-07; view: 582.

Theme of the lecture №4.

Thesis:

The global trade of food is a diverse and complex operation and one in which most countries strive to take part. Governments recognize that a strong national food industry is an important supplier of food to the population and a significant contributor to food security. They also view food exports as an important source of foreign exchange. The expansion and diversification of the food trade can be attributed to many factors. First, the disciplines of food microbiology, food chemistry and food technology are continuously providing a broader range of foods by developing new and more sophisticated preservation, processing and packaging techniques which make foods safer, less perishable and more attractive to the consumer. Second, rapid transport and improved handling methods have reduced the length of time and difficulties associated with moving food long distances, thus allowing traders access to new and far-away markets. Third, consumers' tastes and food habits have become more varied and their incomes and purchasing power have risen, stimulating the demand for traditional and new foods from other regions.

Agriculture, also called farming or husbandry, is the cultivation of animals, plants, fungi, and other life forms for food, fiber, bio fuel and other products used to sustain human life. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that nurtured the development of civilization. The study of agriculture is known as agricultural science. Agriculture generally speaking refers to human activities, although it is also observed in certain species of ant and termite. The word agriculture is the English adaptation of Latin agricultūra, from ager, "a field", and cultūra, "cultivation" in the strict sense of "tillage of the soil".

Intermediate goods or producer goods or semi-finished products are goods used as inputs in the production of other goods, such as partly finished goods. Also, they are goods used in production of final goods.

Land management - the grazing of livestock is sometimes used as a way to control weeds and undergrowth. For example, in areas prone to wild fires, goats and sheep are set to graze on dry scrub which removes combustible material and reduces the risk of fires.

Literature: 1-36.