Animal Production Systems Study Guide

This set of flashcards covers key vocabulary terms and definitions related to animal production systems, economics, aquaculture, and poultry industry insights.

Intrinsic Factors

Characteristics inherent to the animal affecting production, such as genetics and physiology.

Extrinsic Factors

External conditions impacting animal production, including environmental and market influences.

Microeconomics

The study of individual economic units and their decision-making processes.

Macroeconomics

The study of the economy as a whole, focusing on aggregate outcomes.

Total cost of production

The sum of fixed and variable costs involved in producing goods.

Break-even point

The point at which total revenue equals total costs, resulting in neither profit nor loss.

Aquaculture

The practice of raising aquatic species through their full life cycle in controlled environments.

Polyculture

The simultaneous cultivation of multiple compatible species to utilize different trophic levels.

Grade AA Egg

An egg with a firm white and round yolk, considered top quality.

Vertical integration

A production model where a single firm manages multiple production stages, from feed to slaughter.

Ten Percent Rule

Only 10% of energy is passed up from one trophic level to the next in an ecosystem.

Max Sustainable Yield

The maximum amount of fish that can be harvested without impairing the population's ability to replenish.

Zoonotic threat

An infectious disease that can be transmitted from animals to humans, e.g., Avian Influenza.

Feed Conversion Ratio (FCR)

A measure of the efficiency of converting feed into biomass, particularly in livestock.

Equilibrium point

The price at which supply meets demand, resulting in a balanced market.

USDA Mandatory Price Reporting (MPR)

A system that monitors livestock prices to ensure fair market conditions.