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Importance of Livestock Production

Livestock production involves raising animals for food, fiber, and other products, serving as a vital source of food and economic activity across cultures. Key processes include raising, breeding, feeding, slaughtering, and managing various animals like cows, goats, pigs, sheep, chickens, and horses. Agricultural economics studies resource use in food production and distribution, analyzing costs, market dynamics, and the impact of agriculture on the economy.

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Julienne Kryzzah
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20 views3 pages

Importance of Livestock Production

Livestock production involves raising animals for food, fiber, and other products, serving as a vital source of food and economic activity across cultures. Key processes include raising, breeding, feeding, slaughtering, and managing various animals like cows, goats, pigs, sheep, chickens, and horses. Agricultural economics studies resource use in food production and distribution, analyzing costs, market dynamics, and the impact of agriculture on the economy.

Uploaded by

Julienne Kryzzah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Livestock production is the practice of raising animals for food, fiber, and other products.

Why is livestock production important?


 Livestock production is a major source of food and livelihood
 It's a major economic driver in many countries
 It's been practiced in many cultures since humans began farming

What's involved?
 Raising animals: Raising animals for food, fiber, and other products
 Breeding: Breeding animals for specific traits
 Feeding: Feeding animals fodder, feedgrains, and other food
 Slaughtering: Killing animals for food
 Managing: Managing the animals' housing, manure, and other needs

**What animals are involved?


 Cows: Raised for dairy, beef, and leather

 Goats: Raised for milk, meat, and wool

 Pigs: Raised for pork and bacon


 Sheep: Raised for wool and meat

 Chickens: Raised for eggs and meat

 Horses: U sed for riding, transportation, and


farming
Agricultural economics is the study of how to use resources to produce and distribute food and fiber products.

Why is agricultural economics important?

 Agriculture is the largest use of the earth's resources


 A continuous farm surplus is a source of technological and commercial growth

What agricultural economists do?


 Analyze how producers, consumers, and societies use resources to produce, market, and
consume food and fiber
 Estimate the costs and returns of farming, including the cost of labor, seeds, fertilizers,
and irrigation
 Study how agriculture affects the world's economy
 Analyze how supply and demand affect agricultural markets
 Study how agriculture affects development

Examples of agricultural economics include:

1. Crop Pricing:
o Analyzing how weather conditions, demand, and supply affect the price of rice or wheat.
2. Farm Productivity:
o Studying the impact of new technology, such as high-yield seeds, on crop production.
3. Resource Allocation:
o Deciding how much land, water, or labor to allocate to specific crops for maximum profit.
4. Policy Analysis:
o Assessing the effects of government subsidies on the production of corn or sugarcane.
5. Agricultural Trade:
o Studying how international trade agreements affect the export of bananas or coffee.
6. Farm Credit Systems:
o Analyzing how access to loans impacts small-scale farmers' ability to invest in better equipment.

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