Economic principle: Agriculture, forestry, fishing, and hunting industry description

Economic Principle
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Strayer University
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Economic Principle
Agriculture, forestry, fishing, and hunting industry description
Agriculture, forestry, fishing, and hunting are significant industries in the North America Industry Classification System (NAICS) with seasonal workers in various codes. Dalziel, yang, Breslav, Khan, & Luo. (2018), the sector comprises multiple establishments that facilitate raising animals, growing crops, harvesting timber, fishing, and rearing animals from a ranch, farm, or natural habitat. Considerably, a farm can be in a single tract of land or even in various tenures. For instance, a farm operator can own one parcel of land and rent out the others. A farm operator can operate such a farm solely or seek assistance from other family members/employees.
Agricultural production and related support activities are the main tasks in the sector. Monsanto Company, Dove Mushrooms, Ceres Solutions LLP, Goldsboro Milling Co, Chiquita Brands, LLC, Taconic Farms Inc, Cal Maine Foods Inc., and Associated Milk Producers Inc. are some of the major companies in the Agriculture, forestry, fishing, and hunting sector. The various companies are an integral part of the United States economy and the social/cultural fabric. Organizations such as partnerships or corporations can own and operate a farm.
The agriculture, forestry, fishing, and hunting sector deals with growing crops, raising animals, harvesting fish, and harvesting firewood. Therefore, fish, crops, animals, and even firewood are significant goods from the sector. According to Shockey, T.M, Luckhaupt, Groenewold, M.R, and Lu. (2018) fibers, Spanish moss, rhizomes, barks, and gums are some of the forests’ products. The industries in the subsector specialize in various stages of the product lifecycle. For instance, reforestation requires a sustainable production of specialized nurseries for seedlings. In contrast, the hunting subsector utilizes different production processes while adhering to conservation regulations. Therefore, nurseries, hatcheries, orchards, greenhouses, diaries, and farms are the major establishments in the economy s...