FARE 1300 Chapter Notes - Chapter 11-14: Total Factor Productivity, Aggregate Supply, Knowledge Economy

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Typical analysis focuses on crops and output total output = output/acre x number of acres. Animal products require feed, animal feed comes from crops. Only 17% of calories worldwide come from meat products, 50% comes from cereal crops. Four principal influences on current and future agricultural output: Quantity of available agricultural resources land and water. To increase food production increase land devoted to agricultural production. As population grows, urban areas expand and agricultural land will get paved over. Agriculture is a huge user of water, especially in the developing world. Irrigated land (land with water applied for aid in growth) accounts for 40% of total food worldwide: we cant increase agricultural water levels much more without causing substantial damage to the environment. The most effective way to create more water is to use less of it: agricultural production and the local environment, agriculture uses soil and water to produce food, this can lead to their degradation and can deteriorate their.

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