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ADJUSTMENTS IN A FARM BUSINESS IN RESPONSE TO AN ENERGY CRISIS

Robert Burton and R.G. Kline

No 283576, 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Effects of the 1973 price increases by the Organization of Petroleum Exporting Countries (OPEC) and the boycott placed on the United States by the OPEC's Arab members awakened Americans to the reality that the U.S. depends on imported petroleum to maintain the present level of energy consumption. Awareness of this domestic energy gap has raised serious questions about the possible impacts of energy crisis conditions on U.S. agricultural production. Agricultural production in the U.S. depends on petroleum products not only for the liquid fuels used by farm machinery, but also for the manufacture of pesticides and nitrogen fertilizer.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 13
Date: 1977-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea77:283576

DOI: 10.22004/ag.econ.283576

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