National Agri-Marketing Association

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The National Agri-Marketing Association(NAMA) is a non-profit organization of more than 3,500 professional and student members, serving the food and fiber industry. NAMA provides access to solutions and opportunities in agribusiness. [1]

The Food and fiber system is the sector of the U.S. economy that includes agricultural production and all economic activities supporting or utilizing that production, including farm machinery and chemical production, and processing, manufacturing, transportation, and retailing. In 2000, the food and fiber system employed 24.1 million workers, or 17.1% of the U.S. employment, and accounted for $1,264 billion, or 12.8% of the gross domestic product. Farming is one of the smaller components of the system, accounting for 1.2% of U.S. employment and $82 billion in value added to GDP.

Agribusiness agriculture-related industry

Agribusiness is the business of agricultural production. The term was coined in 1957 by Goldberg and Davis. It includes agrichemicals, breeding, crop production, distribution, farm machinery, processing, and seed supply, as well as marketing and retail sales. All agents of the food and fiber value chain and those institutions that influence it are part of the agribusiness system.

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References

  1. http://www.nama.org National Agri-Marketing Association