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U. S. Agriculture at a Crossroads: Implications for Agricultural Economics

Published online by Cambridge University Press:  28 April 2015

John E. Ikerd
John E. Ikerd*
Affiliation:
Department of Extension Agricultural Economics, University of Georgia
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Extract

United States agriculture is at a crossroads. The current financial crisis in agriculture eventually will force the farm sector to follow one of two general directions for the future. One of those courses is to retreat from reliance on export markets, the loss of which triggered the current farm financial crisis, and to return to greater reliance on domestic demand. The other course is to return to a world market orientation, regain export markets lost during the 1980s, and develop and exploit a growing world demand for agricultural commodities. Each of these alternatives implies a different future for United States agriculture and a different future for the Agricultural Economics profession.

Type
Invited Papers and Discussions
Information
Journal of Agricultural and Applied Economics , Volume 18 , Issue 1 , July 1986 , pp. 1 - 10
Copyright
Copyright © Southern Agricultural Economics Association 1986

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