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The changing structure of US agriculture and implications for research in agribusiness firms
Author(s) -
Jensen Farrell E.,
Pope C. Arden
Publication year - 1987
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/1520-6297(198722)3:2<139::aid-agr2720030202>3.0.co;2-9
Subject(s) - agribusiness , scope (computer science) , agriculture , business , production (economics) , capital (architecture) , service (business) , industrial organization , agricultural economics , economics , marketing , microeconomics , history , ecology , archaeology , computer science , biology , programming language
Substantial structural changes in US agriculture have major impacts on farms and supporting agribusiness firms. These changes are reflected by a reduction in the scope of the on‐farm agricultural production sector and a greater reliance on purchased technology in the form of service capital and intermediate inputs. Agribusiness firms that take advantage of growing opportunities to develop new technologies and embody them into marketable service capital will benefit from the structural changes.