How New York State's agriculture industry is staying competitive

Margaret Cowell and Richard Deitz

The Regional Economy of Upstate New York, 2005, issue Spr

Abstract: We examine some of the challenges facing New York's agriculture industry and outline some innovative responses. We distinguish between two types of agriculture: commodities and value-added consumer foods. We show that commodities are a small fraction of the agriculture industry in New York State and are not a growing market segment, while value-added goods are the primary products of New York farms and represent a market segment that is growing significantly. We then briefly discuss important strategies that agricultural producers are using to remain competitive, including the adoption of technology, an increased emphasis on exporting, the use of formal price contracts, and the vertical integration of business processes. These strategies and the expected continued growth in value-added sales support a positive outlook for many of New York's farms.

Keywords: Agriculture - Economic aspects; Agriculture - New York (State); Value added; Technology (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.newyorkfed.org/medialibrary/media/rese ... economy/spring05.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:fip:fednre:y:2005:i:spr

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in The Regional Economy of Upstate New York from Federal Reserve Bank of New York Contact information at EDIRC.
Bibliographic data for series maintained by Gabriella Bucciarelli ().