HSC Farm Product Study Revision

The situation of falling prices for produce at the farm gate & increasing costs of production

Business that supports production, processing, distribution, sales & marketing of ag products

These costs do not change with an alteration in the size of the enterprise

Irregular farm income can occur as a result of

Type of integration Ricegrowers has

The higher the return to capital the better the investment

Demand created by the processed product rather than the raw material used to produce it.

seed, fertiliser, drench, vaccine, casual labour & irrigation running costs are all examples of

Term for having more than one commercial subsystem or enterprise operating on a property.

Which country prefers the leanest lamb?

To compare a vealer enterprise with a prime lamb enterprise you would use

Term applied when a farm product is processed.

The diagram to the right represents the concept of

Occurs when supply = demand for a product

An inexpensive form of marketing, however, unsold product needs to be stored by the producer.

Which country prefers heavier, better-finished lambs?

What does the acronym HSCW stand for?

? = total revenue - variable costs

Rice used to make Sushi

A summary of probably financial outlays and incomes over a set period