Industrial Policy" is a term heard more frequently as an alternative pattern of economic or market policy. Not a term that has been important in the evolution of economic policy in this country, it has come into our attention primarily in tandem with concerns about international competitiveness and strategic planning in the public sector (Markusen and Yudken). The purpose of this paper is to describe what is meant by industrial policy and to develop scenarios that illustrate possible applications to the food and agricultural sector.