What is a Commodity?
A commodity is a raw agricultural product that someone grows or raises in order to sell it, not to use it themselves. That makes commodities very important. What if every person had to grow or make everything they need to survive? It would be very hard. Not everyone lives somewhere that they can grow food. Not everyone has enough time to do that. Farmers are providers of necessary commodities like different kinds of food, materials to make things like clothes, paper, furniture, and feed for animals.
Minnesota is a major provider of commodities. We have farmers growing and developing commodities that are sold to people not just in Minnesota, but across the U.S. and even many countries around the world.