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Agri-Food & Wine Business The University of Adelaide Australia
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School of Agriculture, Food & Wine
The University of Adelaide
SA 5005
AUSTRALIA
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A Glossary of Australian Agricultural and Farm Business Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Abbreviations Acronyms Home
Ear Mark A registered mark cut into the ear of an animal to show ownership.
Ear Marking The process of removing parts of the ears of livestock so as to leave a distinctive pattern for the purpose of designating ownership and identification.
Ear Tattoo Identification of animals, usually pigs, dairy and stud beef cattle, by means of a tattooed number in the ear.
Early shorn wool Fleece wool which is usually 7-10 months growth and lightly hanging together as a fleece.
Eartag A plastic or metal tag applied to animals for identification, usually for breeding records.
Easement A right, recorded on a title, which allows a person or body other than the owner some use of the property (without possessing it or taking from it) eg. A right of way.
EBV Estimated Breeding Value. An estimate of an animal's value as a parent for a particular production trait such as growth rate.
EC Electrical Conductivity. EC is a measure of soil salinity. It measures the concentration of soluble salts in the soil solution, which plant roots absorb. EC (L5) is the EC measured in a 1:5 soil to water suspension and expressed in units of decisiemens per metre (ds/m). It may also be used for estimating variation in some of the soil physical properties (e.g. soil structure) in a field where soil salinity is not a problem.
Ecology The study of the interrelationships of organisms with their environment.
Economic Efficiency 1. The ratio of the value of output per physical unit of input or per unit cost of the input.
2. Percentage return on all the capital invested in a business
3. Productive efficiency: Relates output value to cost and attempts to minimise costs for a given level of output or maximise output for a given level of costs.
4. Allocative Efficiency relates to how scarce resources are allocated among goods and services produced by an economy.  What is desired is a situation where it is not possible to change the allocation for resources without making someone worse off.  This is called the Pareto criterion of efficiency.
Economic Growth An increase in the goods and services available per head of population.
Economic Performance Income and profitability are monitored by calculating net profit, return on capital, proprietor equity and net profit per hectare.
Economic Sustainability The principle that in order to stay in business there must be return on capital invested.
Economics Of Size, Economies of size A production relation in which average total cost per unit of output decreases as output increases. One reason farms have been growing in size is to make more economical use of machines capable of covering more ground with less labour. Farmers may form buying groups to obtain discounts for large volume purchases of inputs.
Ecoregion An ecologically and geographically defined area. Ecoregions cover relatively large areas of land or water, and contain characteristic, geographically distinct assemblages of natural communities and species. The biodiversity of flora, fauna and ecosystems that characterise an ecoregion tends to be distinct from that of other ecoregions. Syn Bioregion
Ecosystem Organisms together with their abiotic environment, forming an interacting system, inhabiting an identifiable space.
Ecosystem services Natural ecosystems provide a number of benefits known as ecosystem services. These include products like clean drinking water and processes such as the decomposition of wastes.
Ecotype In a species, the smallest taxonomic subdivision. Individuals in an ecotype are highly evolved to suit their environment. For example, in climatically severe areas, some trees, like the Pacific madrone, grow as a bushy ecotype.
Ectoparasite A parasite, such as a flea, that lives on the exterior of another organism.
Edaphic Relating to soils
Effective Interest The cost of borrowed money is often greater than the quoted rate of interest due to additional fees and statutory charges. An effective rate of interest takes these into account and expresses the full cost of the borrowing as a simple interest rate.
Effective Rainfall That portion of total precipitation that becomes available for plant growth. It does not include precipitation lost to deep percolation below the root zone or to surface runoff or to evaporation or which falls during the dormant season unless stored in soil for later use during the growing season.
Effeminate A wool that is thin and lacking in bulk or substance
Efficiency A ratio showing the number of units of production generated per unit of resource (Technical Efficiency). See Economic Efficiency.
Egg Grader A machine used for grading eggs. Eggs pass over a weighing device which sorts them into different grades.
El Niño The name given to warming of coastal waters off Peru around Christmas. When this warming is exceptionally strong (once every 5 years) it creates an El Niño episode, and is measured as negative values of the Southern Oscillation Index. This negative ENSO connection is associated with periods of drought over eastern Australia, Indonesia and parts of India and southern Africa, but with excess rainfall over western America.. See La Niña
Elasticity 1. In economics, a measure of the responsiveness of the quantity demanded or supplied to changes in prices. Elasticity measures the degree to which price is effective in calling forth or holding back quantity.
2. The power of wool fibres to return to their original form after being stretched or compressed.
Electrical Conductivity See EC
Electrolysis Corrosion which occurs when different metals are connected in a wet environment such as with electrical connections on a fence line.
Electrolyte A chemical compound which when dissolved in water will carry an electrical current.
Electro Magnetic (EM) Induction EM surveys use an instrument called an electromagnetic induction meter that induces an electromagnetic signal into the ground (without making contact) and measures how well it is conducted by the soil. The alternative contact electrode method involves devices that direct electrical current into the soil through insulated metal electrodes that penetrate the soil surface
Elements (of a system) The combination of system components and external influences. Elements may be used to characterise or define a farm system, to pin-point essential features of management and to enable comparison with other systems.
Embryo The early stage of development of a mammal (in the uterus), or a bird (in the shell).
Embryo transfer (ET) Where an egg (ovum) which has been fertilised inside a dam (its donor) is then extracted from that animal and transferred to another dam (a recipient) where it grows to full term and is born. The recipient may suckle and rear the implanted offspring. Also called OT (ovum transfer).
Emergency Feeding Supplying feed to livestock when available forage is insufficient because of heavy storms, fires or other such emergencies. cf. maintenance feeding, supplemental feeding.
Emergence (in relation to systems) The way complex systems and patterns arise out of a multiplicity of relatively simple interactions. The concept is central to the theory of complex systems and yet is very controversial.
Emergent Properties Are those that are inherent in a system and which are summed up in the phrase the "whole is greater than the sum of the parts".  See also Emergence.
Emergy The available energy of one form (usually solar) used up directly and indirectly to make a product or a service. H.T. Odum developed the idea of evaluating Emergy as a common denominator for energy flows of different kinds, focused on the need to evaluate the quality as well as the quantity of energy flows. Emergy is measured in solar equivalent joules, abbreviated seJ.
Emetic A substance that causes vomiting.
Empirical Relying on or derived from observation or experiment.
Empty An animal that is not pregnant.
Emulsifiable Concentrate A liquid formulation that mixes with water to form an emulsion but does not dissolve to form a solution.
Emulsifiers Surface active agents used to facilitate or increase the dispersion of one liquid in another when one is not miscible in the other.
Emulsion Mixture of one liquid suspended as minute globules in another.
Enation Botany: An outgrowth on the surface of an organ
Enclosure An area fenced to confine animals.
Encumbrance An indication that there is a charge over the land for payment of money, eg. A mortgage.
End Assembly A fence structure, usually at an opening or gate, from which the fence travels in one direction. Consists of a strainer and stay or a box assembly
End Of Period The end of the accounting period, usually the accounting year, at which time the accounts are closed for the period.
Endemic Native to or restricted to a particular area, region or country.
Endocarp The inner woody or stony part of the wall of a fruit as in a drupe or pome.
Endodermis A single layer of cells at the inner edge of the cortex of the root.
Endophyte An organism, often a bacterium or fungus, which lives within a plant for at least part of its life without causing apparent disease.
Energy Budget The balance of energy input and utilisation within an organism, community, or system.
Energetics The scientific study of energy flows and storages under transformation.
Ensilage See silage
Enterprise An identifiable production unit of sufficient size and importance to be accounted for separately, such as wheat, dairy, or lettuce. A farm's production plan will often consist of several enterprises.
Enterprise Analysis An analysis of one individual enterprise, in which a portion of the whole - farm income and expenses are allocated to each enterprise.
Enterprise Budget A projection of all the costs and returns for a single enterprise.
Enterprise Contribution The net result of an Enterprise Budget. May be a gross margin with or without some allocated overhead costs.
Enterprise Performance For each farm enterprise, outputs and inputs are measured to monitor the efficiency of resource use, such as land, labour, machinery, feed, breeding etc.
Entire A male animal that has not been castrated. Capable of breeding.
Entity A unit of economic activity about which financial information is required.
Entomology The study of insects and their control.
Environment (a). The sum of all external conditions that affect an organism or community to influence its development or existence.
(b) Everything that lies outside the boundary of a system cf. boundary.  A farm system may have physical, technological, social, political/institutional and economic aspects to its environment.
Environmental Audit A thorough inspection of a tract of land to determine whether any environmental hazards exist.
Environmental load Disturbance in ecological systems caused by humans, resulting in deviations from normal behaviour.
Environmental Management System A systematic approach that can be used by any enterprise or organisation to identify and manage its impacts on the environment. It is a management tool that helps to achieve continuous improvement through a “plan, do, check, act” cycle that can include best management practices and codes of practice. An EMS can be externally audited and may be certified to the international standard, ISO 14001.
Enzyme Any of numerous proteins or conjugated proteins produced by living organisms and functioning as biochemical catalysts.
Ephemeral Fever Or Three day sickness. A bovine virus spread by insects during the humid summer months of the year. Usually lasting only three days, the disease is most common on the east coast of Australia.
Epidermis 1. Plants: The outermost layer of cells of the leaf, young stems, and roots.
2. Animals: The outer non-vascular layer of the skin, consisting of a horny layer or cuticle, an intermediate layer of active cells, and a foundation layer from which hair roots generally start their development.
Epiphyte A plant that grows upon another plant but is not parasitic upon it.
Equal Marginal Principle The principle that a limited resource should be allocated among competing uses in such a way that the marginal value products from the last unit in each use are equal.
Equilibrium A state in which the rates of processes taking place within a system are constant. When a system is disturbed (e.g. by a change in the level of inputs) there will be a period of adjustment until a new equilibrium is established.
Equitable charge An agreement whereby defined property is specifically made responsible for the discharge of an obligation without any transfer of title or possession to the person loaning the money.
Equitable Lien This exists where the person entitled to the lien has not possession but has the right to have the property of another applied to discharge certain liabilities, eg. A partner in a dissolution of partnership has an equitable lien to have partnership assets applied to partnership debts.
Equity, Equity percentage The residual figure when the total external liabilities have been subtracted from the total assets, ie. Equity represents the internal liability of the business to its proprietors. Also termed owners' equity, net assets, or net worth. Equity may be expressed as a percentage and refers to the percentage of a business that is owned by the proprietor.
Equity (system) All stakeholders of a system are treated equally and justly. The evenness of distribution, both spatially and temporally, of the benefits and costs from the productivity of the system.
Equity/Asset Ratio The ratio of owner's equity to total assets; a measure of solvency.
Eradicant A material which will eradicate a pest or the causal agent of a disease from a crop or the environment and not merely act as a preventive or protectant. Eradicant fungicide A fungicide which can eliminate a fungus from on or within plant tissue after infection has occurred.
Erodibility Relative extent to which a soil type degrades as a result of surface water flow.
Erodible Soil Fraction Those size classes of particles which are most susceptible to removal by wind.
Ergosterol A biological precursor to Vitamin D2. It is a component of fungal cell membranes. The presence of ergosterol in fungal cell membranes coupled with its absence in animal cell membranes makes it a useful target for antifungal drugs
Erosion (a) Detachment and movement of soil or rock fragments by water, wind, ice or gravity. (b) The land surface worn away by running water, wind, ice, or other geological agents, including such processes as gravitational creep.
Erosivity The capacity of rainfall intensity (mm/hr) to erode soil.
Essential Element A chemical element which is necessary for the life of an organism.
Estate Planning Planning dispersal of the property and/or assets once a decision is made to retire, or outlining dispersal of the property and/or assets in a will.
Syn.Sucession Planning
Ester The name applied to the type of chemical (salts or organic acids and alcohols) which is formed when acids such as the hormone weedkiller acids are made to react with alcohols.
Estimated Breeding Value Estimates of the breeding value of an animal as determined by differences in particular characteristics from a population average.
Estimation Error a. An error subsequently detected in the estimation of a sum or value. b. The difference between the estimated value of an item prior to its realisation and the actual cash value after its realisation, or after a more recent estimate.
ET Embryo transfer. Animals bred by taking a fertilised embryo and placing it in another cow's uterus.
Ethology The scientific study of animal behaviour, especially as it occurs in a natural environment.
Ethos Philosophical value or stance.
Etiolation Term given to tall spindly plants which have been grown in the dark or in light of very low intensity.
Eutrophication The process by which a body of water becomes rich in dissolved nutrients from fertilizers or sewage, thereby encouraging the growth and decomposition of oxygen-depleting plant life and resulting in harm to other organisms.
Evapotranspiration The actual total loss of water by evaporation from soil, water bodies, and transpiration from vegetation, over a given area with time.
Evapo-transpiration Ratio kg water used/kg dry matter produced
Evenness Uniformity of a fleece, principally in terms of quality, number and length.
Ewe Female sheep. See Meat Terminology
Exchange (Marketing) An institution that provides trading and technical facilities for the operation of share or futures markets. The main functions of the exchange are to enforce contracts, register transactions, act as a clearing house and enable centralised trading of instruments by open auction.
Exchange Rates There are basically two ways the exchange rate of a country's currency with other currencies is determined (a) A fixed rate - a reduction in this is called a Devaluation and an increase a Revaluation. (b) A 'floating' rate, determined by market forces. A fall under this system is termed a depreciation and a rise an appreciation.
Exchangeable Cations Positively charged atoms or groups of atoms held to a surface (such as clay and humus) which is negatively charged. They can be exchanged with other cations in the soil solution.
Exchangeable Phosphate The phosphate anion reversibility attached to the surface of the solid phase of the soil in such a form that it may go into solution by anionic equilibrium reactions with isotopes of phosphorus or with other anions of-the liquid phase without solution of the colloid phase to which it was attached.
Exchangeable Sodium Percentage The percentage of the cation-exchange capacity of a soil occupied by sodium. It is expressed as follows: Exchangeable sodium (meq./1 00g soil) ESPX 100 Cation-exchange capacity (meq.11 00g soil) cf. cation exchange
Exclosure An area fenced to exclude animals.
Excretion The process of eliminating waste material from the body.
Exergy (available energy) The energy with the potential to perform work and which is degraded in the process. See Emergy
Exocarp Skin of fruits.
Exotic An organism or species which is not native to the region in which it is found.
Expected Utility Theory In economics, game theory, and decision theory the expected utility theorem or expected utility hypothesis predicts that the "betting preferences" of people with regard to uncertain outcomes (gambles) can be described by a mathematical relation which takes into account the size of a payout (whether in money or other goods), the probability of occurrence, risk aversion, and the different utility of the same payout to people with different assets or personal preferences. It is a more sophisticated theory than simply predicting that choices will be made based on expected value (which takes into account only the size of the payout and the probability of occurrence).
Expected Value The weighted average outcome from an uncertain event, based on its possible outcomes and their respective probabilities.
Expenses Costs incurred by a business with a view to making a profit. They may be cash payments or non cash costs such as depreciation or reduction in inventories.
Expert Shearing: the person who grinds the shearing gear, and keeps the handpieces and plant in order. Often a retired shearer.
Expert Systems As the name suggests, attempt to mimic the thinking processes used by a human expert in a topic.
Extensive Agriculture System of crop cultivation using small amounts of labour and capital in relation to area of land being farmed. The crop yield in extensive agriculture depends primarily on the natural fertility of the soil, terrain, climate, and the availability of water.
External An institution or individual outside the entity.
External Factors or influences (on a system) Things that act on the system from outside the defined boundaries of the system.  Generally there is no perceptible feedback on them from the system.  For a farm system they would include climatic factors such as solar radiation, rainfall and temperature, but could also include factors such as market conditions, legal frameworks, government policies, institutional structures and other social influences, education, availability of various types of technology (as information, training, equipment etc), availability of finance, and the appearance of new pests, diseases and weeds.  Deliberately-introduced things from outside the system are termed inputs.
Externality, Externalities In economics, an externality is a cost or benefit resulting from an economic transaction that is borne or received by parties not directly involved in the transaction. The concept an be expanded to cover positive or negative effects on third parties of an action of an individual.
Extra Cost See Marginal Cost
Extra Product See. Marginal Product
Extension (Agricultural) Agricultural Extension has traditionally been seen as the educational "bridge" between research and the farmer. Sometimes confused with 'Advisory' services (one way communication). More recently the term had fallen into disuse in preference to such programs as 'farmer participatory research'.
Eye Trait of a dog to stare at a sheep; deep concentration on the movements of the sheep. "Stong-eye" or "plain-eye" dogs
Eye clips Trade term for wool removed from the side of the face at crutching which though soft often contains a high proportion of kemp.
Eye-dog Same as a heading dog. One that shows "eye".
Eye muscle (m. longissimus dorsi) Two muscles each running the length of the back on each side of the spinal column. The eye muscle is the main piece of red meat seen in a lamb chop and makes up the important Porterhouse, T-bone and sirloin steaks in beef as well as being an important component of rib roasts.