A cash crop is an agricultural crop which is grown for sale for profit. It is typically purchased by parties separate from a farm. The term cash crop is applied exclusively to the agricultural production of plants; animal agriculture is not a part of the terminology. The term is used to differentiate marketed crops from subsistence crops, which are those fed to the producer's own livestock or grown as food for the producer's family. In earlier times cash crops were usually only a small (but vital) part of a farm's total yield, while today, especially in the developed countries, almost all crops are mainly grown for revenue. In least developed countries, cash crops are usually crops which attract demand in more developed nations, and hence have some export value.
Prices for major cash crops are set in commodity markets with global scope, with some local variation (termed as "basis") based on freight costs and local supply and demand balance. A consequence of this is that a nation, region, or individual producer relying on such a crop may suffer low prices should a bumper crop elsewhere lead to excess supply on the global markets. This system has been criticized by traditional farmers. Coffee is an example of a product that has been susceptible to significant commodity futures price variations.
Other articles related to "cash crop, crops, cash crops":
... Following their 1997 album Cash Crop, they wrote "Northern Touch" as a sort of anthem for Canadian hip hop's resilience and determination, inviting several other guest musicians to ... It was not on the original pressings of Cash Crop, but was quickly added to follow up pressings of the album, due to its popularity ... Cash Crop won the Juno Award for Best Rap Recording in 1998, but Rascalz refused the award because it was presented in the non-televised portion of ...
... Most peasants grew coffee, usually alongside other crops ... Sugar was another cash crop with a long history in Haiti ... voyage to Hispaniola, and sugar rapidly became the colony's most important cash crop ...
... poppies and cannabis are significant black market cash crops, the prevalence of which varies ... States, cannabis is considered by some to be the most valuable cash crop ... in contrast to government figures for legal crops such as corn and wheat and using the study's projections for U.S ...
Famous quotes containing the words crop and/or cash:
“I, Alphonso, live and learn,
Seeing Nature go astern.
Things deteriorate in kind;
Lemons run to leaves and rind;
Meagre crop of figs and limes;
Shorter days and harder times.
Flowering April cools and dies
In the insufficient skies.”
—Ralph Waldo Emerson (18031882)
“Lora May: Did you ever stop to think, Porter, that in over three years theres one word weve never said to each other, even in fun.
Porter: To you, Im a cash register. You cant love a cash register.
Lora May: And Im part of your inventory. You cant love that either.”
—Joseph L. Mankiewicz (19091993)