Globalization, Cropping Choices, and Profitability in American Agriculture

Steven Blank ()

Journal of Agricultural and Applied Economics, 2001, vol. 33, issue 2, 315-326

Abstract: The paper discusses the linkages between the “globalization” of agricultural markets over recent decades and the decisions being made by individual farmers and ranchers in the United States. It is noted that technological advances lead to globalization of agricultural commodity markets and profit pressures. The continuing profit squeeze in agricultural production is having a significant effect on the cropping choices of America's farmers. When possible, acreage is being shifted out of low-revenue-generating crops and into higher-revenue-generating crops. This shift makes crop portfolios more risky over time, thus encouraging farmers to consider diversifying out of agriculture.

Date: 2001
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Journal Article: GLOBALIZATION, CROPPING CHOICES, AND PROFITABILITY IN AMERICAN AGRICULTURE (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:33:y:2001:i:02:p:315-326_00

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