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1 results

  • Globalization, Cropping Choices, and Profitability in American Agriculture

  • Steven C. Blank
  • Journal:
    Journal of Agricultural and Applied Economics / Volume 33 / Issue 2 / August 2001
    Published online by Cambridge University Press:
    28 April 2015, pp. 315-326

  • The paper discusses the linkages between the “globalization” of agricultural markets over recent decades and the decisions being made by individual farmers and ranchers in the United States. It is noted that technological advances lead to globalization of agricultural commodity markets and profit pressures. The continuing profit squeeze in agricultural production is having a significant effect on the cropping choices of America's farmers. When possible, acreage is being shifted out of low-revenue-generating crops and into higher-revenue-generating crops. This shift makes crop portfolios more risky over time, thus encouraging farmers to consider diversifying out of agriculture.