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

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Structure of the Food & Fiber Industry

Linkages to the Farm Business Sector

AGEC 489/689Spring 2010

The Farm Business Sector

General Economic Influences

General Economic Influences

General Economic Influences

General Economic Influences

Food And Fiber System

Food And Fiber System

Food And Fiber System

Food And Fiber System

Food And Fiber System

Food And Fiber System

Unique Policy Influences

Unique Policy Influences

Unique Policy Influences

Unique Policy Influences

Important Market Linkages

Important Market Linkages

Important Market Linkages

Important Market Linkages

Domestic MacroPolicy

General DomesticEconomy

Important Market LinkagesImportant Market Linkages

Farm Input

Supply Sectors

Food ProcessingAnd Fiber

Manufacturing Sectors

WholeAnd Retail

Trade Sectors

FarmPolicy

Farms andRanches

EnvironmentalPolicy

Global Macro PolicyGlobal 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.

FarmCredit

Markets

Farm andNon-Farm

Labor Markets