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The Economics of American Agriculture

The Economics of American Agriculture
Author: Steven C. Blank
Publisher: Routledge
Total Pages: 667
Release: 2014-12-18
Genre: Business & Economics
ISBN: 1317457331

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This book answers the questions: What is happening to American agriculture, and why? Steven C. Blank uses portfolio theory to analyze both macro- and microeconomic data that paints a clear picture of the trends in agriculture, and explains why these trends are consistent with market evolution and global economic development. He clarifies agriculture's specific role in economic development with a focus on the current and future globalizing commodity markets.The book features empirical research that demonstrates the link between farm-level investment decisions and regional and national economic trends. It shows how the dynamic environment of industrialization and globalization of agriculture is part of a continuing development that is driven by technological innovation. This all points to a future with a very different agricultural production sector and some extremely important policy choices that will face the entire country.


A Revolution Down on the Farm

A Revolution Down on the Farm
Author: Paul K. Conkin
Publisher: University Press of Kentucky
Total Pages: 240
Release: 2008-09-01
Genre: History
ISBN: 081313868X

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At a time when food is becoming increasingly scarce in many parts of the world and food prices are skyrocketing, no industry is more important than agriculture. Humans have been farming for thousands of years, and yet agriculture has undergone more fundamental changes in the past 80 years than in the previous several centuries. In 1900, 30 million American farmers tilled the soil or tended livestock; today there are fewer than 4.5 million farmers who feed a population four times larger than it was at the beginning of the century. Fifty years ago, the planet could not have sustained a population of 6.5 billion; now, commercial and industrial agriculture ensure that millions will not die from starvation. Farmers are able to feed an exponentially growing planet because the greatest industrial revolution in history has occurred in agriculture since 1929, with U.S. farmers leading the way. Productivity on American farms has increased tenfold, even as most small farmers and tenants have been forced to find other work. Today, only 300,000 farms produce approximately ninety percent of the total output, and overproduction, largely subsidized by government programs and policies, has become the hallmark of modern agriculture. A Revolution Down on the Farm: The Transformation of American Agriculture since 1929 charts the profound changes in farming that have occurred during author Paul K. Conkin's lifetime. His personal experiences growing up on a small Tennessee farm complement compelling statistical data as he explores America's vast agricultural transformation and considers its social, political, and economic consequences. He examines the history of American agriculture, showing how New Deal innovations evolved into convoluted commodity programs following World War II. Conkin assesses the skills, new technologies, and government policies that helped transform farming in America and suggests how new legislation might affect farming in decades to come. Although the increased production and mechanization of farming has been an economic success story for Americans, the costs are becoming increasingly apparent. Small farmers are put out of business when they cannot compete with giant, non-diversified corporate farms. Caged chickens and hogs in factory-like facilities or confined dairy cattle require massive amounts of chemicals and hormones ultimately ingested by consumers. Fertilizers, new organic chemicals, manure disposal, and genetically modified seeds have introduced environmental problems that are still being discovered. A Revolution Down on the Farm concludes with an evaluation of farming in the twenty-first century and a distinctive meditation on alternatives to our present large scale, mechanized, subsidized, and fossil fuel and chemically dependent system.


Economics of American Agriculture

Economics of American Agriculture
Author: Walter William Wilcox
Publisher: Englewood Cliffs, N.J. : Prentice-Hall
Total Pages: 520
Release: 1974
Genre: Business & Economics
ISBN:

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The production of farm products; Marketing farm products; Toward an understanding of farm prices; Farmers in the national and world economies; Human; material and financial resources of agriculture; Price-income policy problems.


American Agriculture in the Twentieth Century

American Agriculture in the Twentieth Century
Author: Bruce L. Gardner
Publisher: Harvard University Press
Total Pages: 268
Release: 2006-03-31
Genre: Business & Economics
ISBN: 0674263707

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American agriculture in the twentieth century has given the world one of its great success stories, a paradigm of productivity and plenty. Yet the story has its dark side, from the plight of the Okies in the 1930s to the farm crisis of the 1980s to today's concerns about low crop prices and the impact of biotechnology. Looking at U.S. farming over the past century, Bruce Gardner searches out explanations for both the remarkable progress and the persistent social problems that have marked the history of American agriculture. Gardner documents both the economic difficulties that have confronted farmers and the technological and economic transformations that have lifted them from relative poverty to economic parity with the nonfarm population. He provides a detailed analysis of the causes of these trends, with emphasis on the role of government action. He reviews how commodity support programs, driven by interest-group politics, have spent hundreds of billions of dollars to little purpose. Nonetheless, Gardner concludes that by reconciling competing economic interests while fostering productivity growth and economic integration of the farm and nonfarm economies, the overall twentieth-century role of government in American agriculture is fairly viewed as a triumph of democracy.


The Curse of American Agricultural Abundance

The Curse of American Agricultural Abundance
Author: Willard Wesley Cochrane
Publisher: U of Nebraska Press
Total Pages: 176
Release: 2003-01-01
Genre: Technology & Engineering
ISBN: 9780803215290

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Advisor to President Kennedy, consultant for foreign governments, and spokesman for family farmers everywhere, Willard W. Cochrane has been a leading expert on agriculture and its problems in the United States since the 1940s. In his straightforward style Cochrane analyzes the propensity for American agriculture to produce too much and the inability of our social and economic system to make effective use of that unending abundance. He then offers his vision for American agriculture in the twenty-first century. Cochrane looks at two periods in agricultural history: 195366 and 19972002. Structurally, technologically, and organizationally the two periods are as different as night and day, but in terms of the big economic picture--too much production pressing on a limited commercial demand with resulting low farm prices and incomes--they are mirror images of each other. With this understanding, Cochrane argues that Americans no longer need to farm fragile ecosystems with intensive chemical methods, make huge payments that result in fewer farms and higher farming costs, nor bear the environmental consequences of all-out production. Instead, he outlines a bold new strategy in which we can enjoy our abundance and focus our efforts on quality of life and protecting the environment in our rural areas. Willard W. Cochrane is the author of numerous books, including The Development of American Agriculture: A Historical Analysis, and coauthor of Reforming Farm Policy: Toward a National Agenda. Richard A. Levins is a professor of agricultural economics at the University of Minnesota and the author of Willard Cochrane and the American Family Farm (Nebraska 2003).


Feeding the World

Feeding the World
Author: Giovanni Federico
Publisher: Princeton University Press
Total Pages: 404
Release: 2008-12-07
Genre: Business & Economics
ISBN: 0691138532

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In the last two centuries, agriculture has been an outstanding, if somewhat neglected, success story. Agriculture has fed an ever-growing population with an increasing variety of products at falling prices, even as it has released a growing number of workers to the rest of the economy. This book, a comprehensive history of world agriculture during this period, explains how these feats were accomplished. Feeding the World synthesizes two hundred years of agricultural development throughout the world, providing all essential data and extensive references to the literature. It covers, systematically, all the factors that have affected agricultural performance: environment, accumulation of inputs, technical progress, institutional change, commercialization, agricultural policies, and more. The last chapter discusses the contribution of agriculture to modern economic growth. The book is global in its reach and analysis, and represents a grand synthesis of an enormous topic.