Cotton Management Economic Notes, Volume 7, No. 2
Citation
Tronstad, Russell. (1999). Cotton Management Economic Notes, Vol. 7, No. 2. The Department of Agricultural and Resource Economics, The University of Arizona.Abstract
In 1997, U.S. consumers purchased $561 billion dollars of food products produced by what is known as the agribusiness sector of our economy. Agribusiness is often described as including firms that: a) provide inputs for production agriculture, b) produce raw commodities on the farm or ranch, and c) transform raw agricultural commodities to consumer ready goods. The accompanying figure (see reverse) illustrates how these three agribusiness areas contributed to the value of total food expenditures from 1950 to 1997.Type
Periodicaltext