Agricultural business

What is agribusiness?

• making money from agriculture
• making money from technology
• making money from space
• making money from taxes

When you diversify your economy you are  

• identifying cattle
• increasing the variety of products
• in a free enterprise
• a risk taking person

Capital is

• a risk taking person
• increasing the variety of products
• equipment, factories or money used to produce goods or services
• wealth and resources of a nation

What is a liability?

• What you owe
• What you own

What is the owner's equity?

• Net worth
• Asset
• Liability
• Current

What is an example of a current liability?

• Credit Card Bill
• Property mortgage
• Trailer
• Tractor

Develop products for distribution from raw goods, such as forestry, farming & mining

• Producers

• Processors

• Intermediaries

• Service Firms

Change raw goods into a more finished form using facilities such as cotton mils, oil refineries, textile mills

• Processors

• Producers

• Manufacturers

• Intermediaries

Change raw or processed goods using facilities such as boot factories, furniture factories, cotton processing and citrus fruit processing

• Producers

• Processors

• Manufacturers

• Intermediaries

What is the most common type of farm in Australia?

• Small

• Medium

• Large