TeachMeFinance.com - explain Food and fiber system
Food and fiber system The term 'Food and fiber system ' as it applies to the area of agriculture can be defined as ' That 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 1995, the food and fiber system employed 22.9 million workers, or 17.3% of the U.S. workforce, and accounted for $983 billion, or 13.5% of the gross domestic product'.
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