Ag Quizzes
AVG size of a US Farm is
435 Acres
There are approx. ____ farms and ranches in CA
77,900
CA leads the nation in the production of ____ different crop and livestock commodities
82
Can also be "family owned"
?
You need to ship 5 pallets of fresh raspberries to Japan that have a 5 day shelf life. What mode of transportation are you most likely to use?
Air
Cooperative that has a very low overhead and negotiates higher prices with processors for its grower members
Bargaining coop
Top 10 commodities produced in CA
1. Milk/cream 2. Almonds 3. Grapes 4. Cattle 5. Straberries 6. Walnuts 7. Lettuce 8. Hay 9. Tomatoes 10. Nursery Products
CA produces ____% of the milk in the US
21
AVG size of a CA farm
327 Acres
CA farmers and ranchers produce over _____ crop and livestock commodities
350
A salesperson works for Dole to sell fresh, bagged salads to customers such as Costco and Safeway. The salesperson would be classified as a(n):
?
Works for a marketing cooperative
?
Turned the Imperial Valley, a desert, into a valuable winter agricultural production area
All American Canal (Fed)
Had an internship during college to try to figure out his/her career interests
All: Melissa Heinrich, Kori Tuggle, Hayley Loehr, Dan Sutton
Works in an important part of the agribusiness industry
All: Melissa Heinrich, Kori Tuggle, Hayley Loehr, Dan Sutton
What other factor might have caused the shift in artichoke market to occur?
An increase in the price of a substitute vegetable
You find a source for your rutatabaga research paper for AGB 101, a commercial website with the name "Rutabagas Rock" and the information seems geared toward elementary students, but was dated 2015. What part(s) of the CRAAP test might be problematic for this source?
Authority, Relevance, and Purpose
What factors are driving the demand for US sorghum?
China recently started buying up US sorghum for animal feed and alcohol production; it's a gluten free grain; It is not genetically modified
Provides water to CA, NV, UT, AZ, NM, and CO
Colorado River Aqueduct (Fed)
Which of the businesses below are competing directly with McDonald's, causing it to lose sales?
Convenience stores
Allowed since 1922, when Congress passed Capper-Volstead Act allowing farmers to work together to market their products and purchase inputs
Coops in general
Businesses are owned by their users, operating at a cost and provide specific benefits to growers
Coops in general
Haagens' rapid expansion by buying up 164 Albertson's stores has been an excellent strategy for growth of the company
FALSE
"Family-owned" is a formal type of business structure
False
A bus. owner who owns a sole proprietorship has to report earnings to the Securities and Exchange Commission
False
A shift in demand is caused by either a price or quantity change
False
A strong US dollar makes US products cheaper overseas, helping to increase exports
False
Ag is California's most important industry by % of GDP
False
California farms produce more grain and other low value commodities than other states
False
Farmers who hold senior water rights have been spared from water cutbacks during the drought
False
General partnerships can continue with ease after a partner dies
False
In 2013, CA produced a record 46.4 million dollars worth of Ag products
False
In perfect competition, businesses have a lot of influence on the price they receive for their products
False
It is harder to pass along ownership of a corporation because of government bureaucracy
False
It is mandatory to participate in a marketing cooperative is one exists for a commodity
False
Marketing and bargaining cooperatives both reduce the total cost of production for farms
False
Most California farms are in the category of more than $500,000 in sales
False
Supply cooperatives are more common in CA than they are in the rest of the US
False
Surface water is the most abundant source of fresh water in California in a normal year
False
Tastes and preferences, income and the number of buyers are factors that contribute to changes in quantity demanded
False
The "Happy Cows" ads are the product of a private marketing campaign funded by a small group of CA dairy producers
False
The US Census of Ag defines a farm as an entity with more than $1,000 in Ag profits
False
The food marketing bill has decreased over the past 40 years and the farmer's share of a dollar spent on food has increased
False
Thinks like gas and milk are generally not very responsive to price changes so they are called normal goods
False
Trucking is in lower demand now that the economy is recovering and a surplus of drivers is predicted for the future
False
US farmers receive less than 10 cents of the value of every dollar spent on food
False
Whole Foods is hiring more people in order to stay more competitive
False
China is California's biggest export customer
False--Canada
Hayley Loehr works for Wells Fargo and does both agricultural and residential lending
False--Farm Credit West
Tulare was CA's most productive Ag county in 2013
False--Fresno
Once a marketing order is passed, it is voluntary for growers to participate and pay for it
False--not voluntary
Barges are the cheapest and most common form of transportation in the agricultural marketing channel
False--trucks most common form
Costco is the nation's largest retailer and grocery store chain
False-Wal mart
CA farms and ranches are predominately family owned and operated, or corporately owned and operated?
Family owned
Raisin growers sued the USDA to have their supply control regulation disbanded. What type of order/agreement was this?
Federal marketing orders
Can set grade and quality standards, pack standards, supply controls, fund research and generic advertising
Fedral marketing orders
Which of the following are grocery stores and restaurants doing to attract millennials?
Focusing on more fresh, organic, and gluten-free foods
The largest portion of the value added to the food marketing bill is:
Food service
Can become saline either through saltwater intrusion or salt percolation out of the root zone
Groundwater
Is the main source of water for growers on the Central Coast
Groundwater
Which of the following is a trend in international agribusiness?
Growing demand from developing countries as consumers gain more wealth; Increasing trade in high-value fruits, vegetables, wine and nuts; US food and agribusiness companies trading and investing more in international markets; more free trade agreements
Relies on the 5 C's of credit on a daily basis to make decisions about clients
Hayley Loehr--Farm Credit West
Works for a service cooperative
Hayley Loehr--Farm Credit West
The nation's cattle supply should _____ this year, which will eventually help reduce the price of beef in the supermarket
Increase
US agricultural imports are expected to:
Increase in 2016 primarily because of the strong dollar
Said in his/her talk that she would not hire anyone for a career position who has not had an internship
Kori Tuggle (sales; church brothers farms)
Can protect the owners' personal assets from liability
LLC, S-corp, C-corp
Shippers are pursuing alternatives to West Coast ports because of:
Long delays and strikes caused by West Coast port labor disputes
The following issue(s) contribute to the labor issues in agriculture?
Lower levels of immigrants coming from Mexico and a better US economy, Tighter immigration laws that make it difficult for illegal immigrants to enter the US, and a Lack of new immigration policies passed in Congress.
All farmers to vertically integrate and let them brand-name their products, moving int the monopolistic competition or oligopoly market structure
Marketing coop
Worked for a couple of years in Souther America as part of his/her career path
Melissa Heinrich--Wal-mart
What will happen as a result of the above shift
More artichokes will be sold at a higher price
What are cereal makers in the US doing to offset declining US sales?
Reformulating products to appeal to international customers
These programs were legislated as part of the 1985 and 1996 Farm Bills to help promote demand for various Ag products
Research and Promotion Programs
"Beef, It's What's for Dinner," and "Pork, the Other White MEat" were the first types of generic ad campaigns for ag products
Research and promotion programs
What are the types of technologies helping to make farms more productive
Self-driving tractors, high-tech data collection systems, & soil, water and nutrient monitoring systems.
Coop created to provide underserved rural populations with such things as farm loans, rural phone service and electricity
Service coop
Was the 2nd huge water project built to bring water from the Sierras to southern CA
State water project (state funded)
CA dairy farmers are experiencing a ______ _____ after dealing with reduced export demand, low milk prices and higher feed costs due to the drought
Supply Decrease
Egg prices have risen because of a _____ _____ due to avian flu and a CA law banning cages for egg-laying hens
Supply Decrease
A _____ ____of apples, coupled with a port strike that prevented exports, caused Washington farmers to dump apples in the field to rot
Supply Increase
Because of a ____ _____ from countries that import fruit and vegetables, CA farms are not getting higher prices for many of their products despite the drought
Supply Increase
A local example of this type of business coop is Farm Supply, where growers can purchase feed, fertilizer and irrigation equipment and get rebate on those purchases as members
Supply coop
Which companies are actively trying to market to millennials?
Target; Restaurants like Five Guys and Chipotle
If you want ti find an article for your research paper, you should search a database through the Kennedy Library.
True
Many technologies to save water are expensive and have not been adopted until the current drought made them economically feasible for farmers.
True
Marketing orders can be amended or terminated once the growers have voted them in, they're usually voted on every 4 years or so
True
Meat processing adds the most value in the food processing sector
True
Milk and cream is the #1 commodity in CA, according to the CDFA
True
Monsanto won a Supreme Court decision upholding its patent rights on its seed technology
True
Most businesses that operate in an oligopoly market structure are C-corps
True
Prices of agricultural commodities have risen much more slowly than the price of agricultural inputs over the last 50 years
True
The corn seed industry operates in an oligopoly market structure, with a few large brand names selling most of the seeds in the US
True
The food sector, the production agriculture sector and the input supply sector make up the 3 segments of the food production and marketing system
True
The government typically taxes inelastic items because they can still collect revenue since the price increase doesn't decrease quantity demanded very much
True
U.S. Agricultural income is expected to decline to its lowest level in 9 years due to low grain, dairy, and hog prices
True
U.S. spends lower % of household income on food than any other country in the world
True
Weather, number of sellers, and changes in the cost of inputs are factors that can change the supply
True
Which of the following are happening with respect to groundwater?
Wells are running dry & Ground water is becoming salty from seawater intrusion & In some cases, growers are using recycled water to reduce pumping
Olive oil producers were considering starting one of these
federal marketing orders
Demand for seasonal products like peppermint or pumpkin lattes usually _____ this time of year
increase
The CA leafy greens marketing agreement is an example of this
marketing agreement
Help growers avoid price risk by "Pooling," paying an average price based on the market prices for certain time period
marketing coop
The consequence of staying out late to celebrate your birthday vs. studying for an important agribusiness exam could be referred to as:
opportunity cost
The market structure for corn production in the US is:
perfect competition
The highest proportion of the revenue in food service sales comes from:
traditional restaurants like Olive Garden
CA exports are valued at ____ billion dollars of AG production
$21.2 bill
It produces over ___ bill in AG commodities
$6.8 bill
Was intended to provide small farms in CA with water subsidized by the federal government
Central Valley Project (Fed)
____County is CA's leading AG county
Fresno
Agriculture is unique because of seasonality and reliance on weather, among other factors
True
Agriculture uses about 43% of total water available in CA
True
Almonds are the highest ranking CA agricultural export
True
CA is the nation's #1 farm state, based on the dollar value of products produced
True
Cal Maine and other large egg producers conspired to inflate egg prices, which is more easily done in an oligopoly market structure
True
Cal Poly Subscribes to many databases with full-text articles, so you should never have to pay for an article to support your research efforts.
True
California farms and ranches are smaller in acreage but larger in value than U.S. farms and ranches
True
California is the #1 Ag state in the US
True
Farm owners are increasing wages and offering housing, benefits and education to maintain farm worker loyalty
True
Farmers get a price break on water from the Central Valley Project if their farms are under the current acreage limitation
True
General partners can be voted out of their partnership status if the other partnes have 51% ownership of the business, such as happened at Eberle Winery
True
Growing organic dairy cattle and making artisan cheese from their milk allows producer to operate in a monopolistic competition market structure
True
If an elastic product has a price decrease, the total revenue for that product will increase
True
Products that are elastic with respect to price are generally items that we either don't need or have a number of substitutes
True
Sole proprietorships are the most popular type of business structure in the US
True
Some marketing orders, such as the one for raisins, can limit the supply on the market in an attempt to raise prices
True
Some owners of S-corps are thinking of switching to C-corps to get into a lower tax bracket, according the WSJ
True
The Salinas Valley and Sonoma County both pump groundwater and both have issues with declining salmon populations as the primary environmental issue from overpumping groundwater
True
The company Dan Sutton works for, POVE, is a cooperative owned by 5 farming families
True
The law of demand says that price and quantity demanded are inversely related
True
Agriculture is the only US industry to have a trade surplus
True
Coke and Pepsi are selling smaller cans of soda for higher prices, something they can do because they're in an oligopoly market structure
True
Companies like Nestle are trying to increase frozen food sales by creating new products and capitalizing on new food trends like gluten free, low sodium and less additives
True
The Trans-Pacific Partnership is:
A free trade agreement involving the US and 11 other countries; & expected to benefit US agriculture
Both turkeys and canning pumpkins have had a ______ in supply after boughts of disease and weather-related production disruptions
Decrease
What factor may have caused the above curve to shift
A new advertising campaign has promoted artichokes for the holiday season
Which is an example of vertical integration
A vineyard that starts its own wine label
Taxed twice--owners' salary and business profits
C-corp
Require the owners to disclose earnings
C-corps
Top 3 state for AG production
CA Iowa Nebraska
A state law was passed in 1937 to allow CA to have these
CA marketing orders and commissions
1 big difference between a cooperative and corporation is that all owners/ members of coooperative use the cooperative's business, unlike a corporation where anyone can own share
True
Advertising is the biggest expenditure of marketing orders, in general
True
Ag cooperatives set bnew records for profits in 2013, according to the USDA
True
Ag employs a large number of ppl inCA
True
