Download Free The Economics Of American Agriculture Book in PDF and EPUB Free Download. You can read online The Economics Of American Agriculture and write the review.

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.
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 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.
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).
"The challenges facing agriculture are plenty. Along with the world's growing population and diminishing amounts of water and arable land, the gradual increase in severe weather presents new challenges and imperatives for producing new, more resilient crops to feed a more crowded planet in the twenty-first century. Innovation has historically helped agriculture keep pace with earth's social, population, and ecological changes. In the last 50 years, mechanical, biological, and chemical innovations have more than doubled agricultural output while barely changing input quantities. The ample investment behind these innovations was available because of a high rate of return: a 2007 paper found that the median ROI in agriculture was 45 percent between 1965 and 2005. This landscape has changed. Today many of the world's wealthier countries have scaled back their share of GDP devoted to agricultural R&D amid evidence of diminishing returns. Universities, which have historically been a major source of agricultural innovation, increasingly depend on funding from industry rather than government to fund their research. As Upton Sinclair wrote of the effects industry influences, "It is difficult to get a man to understand something when his salary depends upon his not understanding it." In this volume of the NBER Conference Report series, editor Petra Moser offers an empirical, applied-economic framework to the different elements of agricultural R&D, particularly as they relate to the shift from public to private funding. Individual chapters examine the sources of agricultural knowledge and investigate challenges for measuring the returns to the adoption of new agricultural technologies, examine knowledge spillovers from universities to agricultural innovation, and explore interactions between university engagement and scientific productivity. Additional analysis of agricultural venture capital point to it as an emerging and future source of resource in this essential domain"--