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Please use this identifier to cite or link to this item: http://purl.umn.edu/15013

Title: GLOBALIZATION, CROPPING CHOICES, AND PROFITABILITY IN AMERICAN AGRICULTURE
Authors: Blank, Steven C.
Keywords: cropping choices
globalization
profit
risk
safety-first
Issue Date: 2001-08
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.
URI: http://purl.umn.edu/15013
Institution/Association: Journal of Agricultural and Applied Economics>Volume 33, Number 02, August 2001
Total Pages: 12
Language: English
From Page: 315
To Page: 326
Collections:Volume 33, Number 02, August 2001

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