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Farm Facts

Farm Facts. Student Name Class Period. How are You connected to Agriculture? (page 23). Products we use in our everyday lives come from. How many people does one farmer feed?. Who pays the least for food?. What does the U.S. Department of Agriculture spend $88.8 billion dollars on?.

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Farm Facts

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  1. Farm Facts Student Name Class Period

  2. How are You connected to Agriculture?(page 23) Products we use in our everyday lives come from

  3. How many people does one farmer feed?

  4. Who pays the least for food?

  5. What does the U.S. Department of Agriculture spend $88.8 billion dollars on?

  6. Opportunity cost • Opportunity cost is the cost incurred (sacrifice) by choosing one option over the next best alternative (which may be equally desired). Thus, opportunity cost is the cost of pursuing one choice instead of another. • An acre is about the size of ??? • An acre produces ??? Pounds of cotton or ??? Pounds of strawberries. • A farmer could choose to sell an acre of farm land. An acre can be divided up into 4 home lots. If each home lot sells for $100,000, How much is the acre worth if the farmer sells it?

  7. If a person spends one dollar on food, what percentage of that $ goes to the FARMER and what percentage goes to OFF FARM costs? (Look at page 15 and change the percentages below) Farm ?? % Off farm %

  8. The Farmer gets 19 cents out of every dollar spent, but he has to pay his bills. PROFIT = INCOME – COSTS ($ collected minus the bills!) The Farmers Expenses include: • Fertilizer, Seed, Crop-Protecting Chemicals

  9. What is the U.S. Share of world production?

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