A comprehensive understanding of agriculture is paramount for recognizing the broader economic, environmental, and social impacts of this primary sector. This knowledge extends to managing biological assets and farming practices.
Unsold agricultural goods. The government will often purchase certain farm surplus products in order to maintain a profitable price level for the farmers. The storage and use of farm surplus products is a controversial political problem.
Marginal property refers to real estate that is barely profitable to use. The concept often applies to land that can produce income, but only by the smallest of margins when comparing production costs to revenue.
A government-set price floor designed to aid farmers or other producers of goods, ensuring minimum revenue and market stability.
