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Chapter 9 ECO418
Terms in this set (22)
The pattern of land distribution,
ownership, and management
and also the social and institutional
structure of the agrarian economy
Crops produced entirely for the market.
The production of both staple crops and cash crops and
simple animal husbandry typical of the first stage in the
transition from subsistence to specialized farming
A farm plot
owned and operated by a single
in grain production associated
with the scientific discovery
of new hybrid seed
varieties of wheat, rice, and
corn that have resulted in
high farm yields in many
Integrated rural development
The broad spectrum
of rural development activities,
agricultural progress, the provision
of physical and social
infrastructure, the development
of rural nonfarm industries,
and the capacity of the
rural sector to sustain and
accelerate the pace of these
improvements over time.
Interlocking factor markets
Factor markets whose supply functions are interdependent,
frequently because different inputs are provided by the
same suppliers who exercise monopolistic or oligopolistic
control over resources.
The proprietor of a freehold interest in land
with rights to lease out to tenants in return for some form
of compensation for the use of the land.
A deliberate attempt to reorganize and
transform agrarian systems with the intention of fostering
a more equal distribution of agricultural incomes and
facilitating rural development.
A very large
landholding found particularly
in the Latin American
agrarian system, capable of
providing employment for
more than 12 people, owned
by a small number of landlords,
and comprising a disproportionate
share of total
A farm employing up to 12 workers
Mixed farming is a concept that involves mixing two types of farming in one area of land. Often, crop, or arable, farming is mixed with livestock farming on one common farm.
A person who lends money at high
rates of interest, for example to peasant farmers to meet
their needs for seeds, fertilizers, and other inputs.
found particularly in the
Latin American agrarian system
considered too small to
provide adequate employment
for a single family
Unaffected by size; applied to technological
progress that can lead to the achievement of higher output
levels irrespective of the size (scale) of a firm or farm.
A tenant farmer whose crop has to be
shared with the landlord, as the basis for the rental contract.
Tilling land until it has been
exhausted of fertility and then moving to a new parcel of
land, leaving the former one to regain fertility until it can be cultivated again.
The final and most advanced
stage of the evolution of agricultural production in which
farm output is produced wholly for the market
A main food consumed by a large portion
of a country's population.
Farming in which crop production, stock rearing, and
other activities are conducted mainly for personal consumption.
One who farms on land held by a landlord and therefore lacks ownership rights and has to pay for the use of that land, for example, by giving a share of output to the owner
Costs of doing business related to gathering
information, monitoring, establishing reliable suppliers,
formulating contracts, obtaining credit, etc.
THIS SET IS OFTEN IN FOLDERS WITH...
ECO 418 Exam 2
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