Rising Concentration in Agricultural Input Industries Influences New Farm Technologies

Keith Fuglie (), John L. King, Paul W. Heisey and David Schimmelpfennig ()

Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, 2012, issue 04, 6

Abstract: Concentration in several global agricultural input industries has risen significantly; by 2009, the largest four firms in the crop seed, agricultural chemical, animal health, animal genetics/breeding, and farm machinery sectors accounted for more than 50 percent of global market sales in each sector. Factors influencing changes in market structure and concentration vary by industry and include market forces, the emergence of new technologies, and government policies. The largest agricultural input firms are responsible for a large and growing share of global agricultural research and development (R&D), and higher input prices paid by farmers partially reflect the higher quality of inputs created through private-sector R&D.

Keywords: Agricultural and Food Policy; Industrial Organization; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://ageconsearch.umn.edu/record/142404/files/4risingconcentration.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uersaw:142404

DOI: 10.22004/ag.econ.142404

Access Statistics for this article

More articles in Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().