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The Challenge To Think Big As American Agriculture Shrinks

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  • Blank, Steven C.

Abstract

A multi-part test is proposed for the hypothesis that American production agriculture is shrinking. The results of the three tests presented here are consistent with a shrinking American agricultural sector that is on the verge of, but not yet in, the final decline stage of its "life cycle." The sector is clearly shrinking in relative size and importance, and in absolute size, and its economic performance has been weak for decades. These changes in agriculture and their implications for the agricultural economics profession are discussed. Finally, (at least) two challenges to American agriculture and the agricultural economics profession are raised.

Suggested Citation

  • Blank, Steven C., 2001. "The Challenge To Think Big As American Agriculture Shrinks," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(2), pages 1-17, December.
    • Handle: RePEc:ags:jlaare:31043
    DOI: 10.22004/ag.econ.31043
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    References listed on IDEAS

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    Cited by:

    1. Blank, Steven C., 2002. "Future Prospects For Farm Financial Conditions," Agricultural Outlook Forum 2002 33502, United States Department of Agriculture, Agricultural Outlook Forum.
    2. Blank, Steven C., 2003. "Where Is American Agriculture in Its "Life Cycle"?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 28(3), pages 1-23, December.
    3. Phillips, Jon C. & Peterson, H. Christopher, 2004. "Product Differentiation and Target Marketing by Agricultural Producers," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2004, pages 1-11.

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