farm economy
Crop-based financial system
Farm economy refers to the economic system centered on agricultural production—the financial conditions, market forces, and practices that affect farmers and rural communities.
It encompasses crop prices, land values, labor costs, and trade policies: The farm economy suffered when commodity prices collapsed.
The term often appears in discussions of rural prosperity or decline: Government subsidies prop up the farm economy in many regions.
- land stewardshipResponsible care of terrain
- commodity pricesCost of traded raw goods
- yieldProduce or relinquish
- water conservationMinimizing freshwater waste strategically
- crop rotationAlternating field plantings yearly
rural infrastructure · county fair · barn raising · price volatility · dirt cheap · cash crop · food security · agricultural education · export tariffs · government grants · trade agreements · soil fertility · pest control · irrigation systems · monoculture · harvest cycles · growing season · grain elevators
- farm economicscrop prices, crop insurance, crop yields, crop failure, harvest yield
farm economyindustrial economy
Production-centered economic system
service economy · knowledge economy · digital economy · information economy · retail economy
farm, economy, farms, farmed, farming, farmer, farmers, farmland, farmhouse