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A vision about the farming sector’s future: What is in there for farmers in the time of the second machine age?

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  • Rizov, Marian

Abstract

Recent technological advances both on the farm and in the lab have made farming more independent form nature than ever before. Arguably, the new and accessible technologies are helping us to better understand and ‘manage’ nature and thus for first time in history farming is becoming as any other industry, susceptible to specialisation and economies of scale. This in turn, besides increased productivity, leads to fundamental organisational change away from family control towards corporate forms with associated implications for employment and rural livelihoods – new technology in farming replaces both ‘muscles and brains’.

Suggested Citation

  • Rizov, Marian, 2016. "A vision about the farming sector’s future: What is in there for farmers in the time of the second machine age?," Lincoln Economics and Finance Agecon Working Papers 250134, University of Lincoln, Lincoln International Business School.
    • Handle: RePEc:ags:ulefwp:250134
    DOI: 10.22004/ag.econ.250134
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    Keywords

    Agribusiness; Agricultural and Food Policy; Industrial Organization; Labor and Human Capital; Production Economics; Research and Development/Tech Change/Emerging Technologies;
    All these keywords.

    JEL classification:

    • D2 - Microeconomics - - Production and Organizations
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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