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The changing structure of US agriculture and implications for research in agribusiness firms

Author

Listed:
  • Farrell E. Jensen

    (Professor and Chairman of the Department of Agricultural Economics at Brigham Young University)

  • C. Arden Pope

    (Associate Professor of Agricultural Economics at Brigham Young University)

Abstract

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.

Suggested Citation

  • Farrell E. Jensen & C. Arden Pope, 1987. "The changing structure of US agriculture and implications for research in agribusiness firms," Agribusiness, John Wiley & Sons, Ltd., vol. 3(2), pages 139-150.
    • Handle: RePEc:wly:agribz:v:3:y:1987:i:2:p:139-150
    DOI: 10.1002/1520-6297(198722)3:2<139::AID-AGR2720030202>3.0.CO;2-9
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    References listed on IDEAS

    as
    1. Zvi Griliches, 1998. "Issues in Assessing the Contribution of Research and Development to Productivity Growth," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 17-45, National Bureau of Economic Research, Inc.
    2. Zvi Griliches, 1958. "Research Costs and Social Returns: Hybrid Corn and Related Innovations," Journal of Political Economy, University of Chicago Press, vol. 66(5), pages 419-419.
    3. Arnold Paulsen & Donald R. Kaldor, 1968. "Evaluation and Planning of Research in the Experiment Station," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(5), pages 1149-1161.
    4. Michael W. Woolverton & Gail L. Cramer & Timothy M. Hammonds, 1985. "Agribusiness : What is it all about?," Agribusiness, John Wiley & Sons, Ltd., vol. 1(1), pages 1-3.
    5. A. A. Araji & R. J. Sim & R. L. Gardner, 1978. "Returns to Agricultural Research and Extension Programs: An Ex-Ante Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(5), pages 964-968.
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    Citations

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    Cited by:

    1. Fred C. White, 1992. "Dynamic relationships between agribusiness sales and research," Agribusiness, John Wiley & Sons, Ltd., vol. 8(3), pages 233-241.
    2. Bollman, Ray D., 1987. "Notes on Technology," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 269909, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Carl E. Pray & Catherine Neumeyer, 1990. "Trends and composition of private food and agricultural R & D expenditures in the United States," Agribusiness, John Wiley & Sons, Ltd., vol. 6(3), pages 191-207.

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