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by derekbreden
2219 days ago
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That was close to my guess, the only small difference is I would add some maybe-ends-up-in-food-eventually crops as well. My family would refer to the roundup ready corn and soybeans we sold to the grain co-op as commodities, while the small sub-acreage of sweet corn grown to sell at the farmer’s market might be much more likely to be referred to as food. Food being a perhaps overly generous word for partially hydrogenated soybean oil or high fructose corn syrup. |
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Commodity agriculture is all about scale and price; there are certain quality standards that must be met (your corn must have a specific moisture content; your pigs must weigh in a certain range and be free of disease) but there is no real competition on the quality of the good produced. You assume all hard red wheat is fungible, and buy and sell it by the ton.
Some products exist in both commodity and non-commodity markets -- you can produce pork for the commodity markets, or your can sell it door to door.