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