Podcast
Questions and Answers
What is a cash crop?
What is a cash crop?
In which type of agriculture are staple crops grown?
In which type of agriculture are staple crops grown?
What is the main difference between cash crops and staple crops?
What is the main difference between cash crops and staple crops?
Why may a nation relying on a cash crop suffer low prices?
Why may a nation relying on a cash crop suffer low prices?
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Where are the prices for major cash crops set?
Where are the prices for major cash crops set?
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Which product has been susceptible to significant commodity futures price variations?
Which product has been susceptible to significant commodity futures price variations?
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Which of the following best describes the impact of the current international trade system on developing countries' agricultural goods?
Which of the following best describes the impact of the current international trade system on developing countries' agricultural goods?
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What practice is known as exporting goods at artificially low prices?
What practice is known as exporting goods at artificially low prices?
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What led to the collapse of the Cancún trade talks in 2003?
What led to the collapse of the Cancún trade talks in 2003?
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Which cash crop is mentioned as a potential option for the Arctic region?
Which cash crop is mentioned as a potential option for the Arctic region?
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What are common cash crops in regions with a subtropical climate?
What are common cash crops in regions with a subtropical climate?
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Which cash crop is commonly grown in regions with a tropical climate?
Which cash crop is commonly grown in regions with a tropical climate?
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What percentage of African workers are employed in the agricultural sector?
What percentage of African workers are employed in the agricultural sector?
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What is the impact of cotton production on Burkina Faso's population?
What is the impact of cotton production on Burkina Faso's population?
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What type of farmers make up about three-fifths of African farmers?
What type of farmers make up about three-fifths of African farmers?
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'Dumping' is considered illegal in which nations?
'Dumping' is considered illegal in which nations?
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Study Notes
Cash Crops and Agriculture
- Cash crops are agricultural products grown primarily for sale and profit rather than for subsistence.
- Staple crops are typically grown in subsistence agriculture, which focuses on producing food primarily for the farmer's own consumption.
Differences and Pricing
- Main difference between cash crops and staple crops: cash crops are intended for market sale, while staple crops are essential foods consumed locally.
- Nations heavily reliant on cash crops may suffer if prices drop due to global market fluctuations or oversupply.
Price Setting and Variations
- Prices for major cash crops are set on global commodity exchanges.
- Coffee has experienced significant variations in commodity futures prices, making it susceptible to market changes.
International Trade and Developing Countries
- The current international trade system often disadvantages developing countries by complicating their access to global markets for agricultural goods.
- 'Dumping' refers to exporting goods at artificially low prices to gain competitive advantage, which can harm local economies.
Trade Negotiations and Regional Cultivation
- The Cancún trade talks in 2003 collapsed over disagreements regarding agricultural subsidies and trade rules.
- Svalbard reindeer is mentioned as a potential cash crop option for the Arctic region.
Common Cash Crops by Climate
- In subtropical climates, common cash crops include citrus fruits, avocados, and cotton.
- Regions with a tropical climate often cultivate cash crops like coffee, cocoa, and bananas.
Employment and Economic Impact
- Approximately 60% of African workers are employed in the agricultural sector, highlighting its importance to the economy.
- Cotton production impacts Burkina Faso's population by providing livelihoods but can also lead to economic dependency and vulnerability.
Farmers and Regulations
- Smallholder farmers, making up about three-fifths of African farmers, often face unique challenges in accessing markets and resources.
- 'Dumping' practices are considered illegal in many developed nations, reflecting efforts to maintain fair trade practices.
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Description
Test your knowledge about cash crops with this quiz. Learn about the agricultural crops grown primarily for sale and profit, and differentiate them from staple crops in subsistence agriculture.
