The Commodity Trade in Agriculture

Paper Summary:

Agriculture, once a means of survival in America, has now become an industry, which generates millions of dollars a year. Before agriculture, humankind relied on hunting, fishing, and gathering in the wild to survive. People were known as hunters and gatherers, but soon became farmers. Once farming was introduced, humans were able to become much more sedentary because they did not have to move from place to place looking for sustenance. This paper shows that, once human creativity was unleashed, Americans began to understand the magnitude of profit and livelihood that agriculture held. To understand the full magnitude of the agriculture commodity trade, this paper examines the history of the trade, the policies/programs affecting the trade, and the standards set for the trade before it can be sold.

From the Paper:

"As long as human beings are in need of food to survive, the agricultural commodity trade will exist. Agriculture today is a complex system of production, distribution, research, and marketing. People desire option and depend on other people as well as other nations to supply them with a variety of product. The United States has a stable position in the agricultural commodity trade and this will remain stable with the right programs and policies put into action. Technology has helped stabilize the agricultural commodity trade in America and other advanced countries. Threats of drought, under-production, and other natural disasters have been lowered. After learning about the history of the trade as well as the policies and programs affecting the trade, it is easy to conclude that it is important to the U.S. economy. Compliance with policies and programs will only help farmers remain in competition to become profitable."

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