Thursday, May 7, 2020

U.s. Agriculture And Agricultural Productivity - 1073 Words

In previous decades one of the most evident modifications in U.S. agriculture has remained in agricultural input markets. The exceptional development in yields and agricultural total factor productivity owes much to biological innovations in crop seeds, development of hybrid crops in the early part of the 20th century, with adoption of high-yielding varieties and modern biotechnology. Development of new types of pesticides and seeds has substantially improved agricultural productivity (). Agricultural input markets have evolved and family–owned and other small businesses gave way to larger enterprises that integrated in plant breeding, conditioning, production, marketing, and other functions. The evolution in the industry was coupled with increasing market concentration in seed and chemicals supply, and widespread mergers and acquisitions further shaped the industry. These dramatic changes have raised significant concerns regarding market power and its influence on agriculture , in general (). These mergers are fueled by the need for increased research and development budgets. Agribusinesses are trying to develop crops that are resistant to climate change as temperatures around the world grow hotter and rainfall grows more erratic. They’re also going to have to feed a lot more people; by 2050, projections show there will be 9 billion people living on the earth. This means there is going to be less area to farm. â€Å"The attempted takeover of Monsanto by Bayer is a threat to allShow MoreRelatedConsequences Of Climate Change On Food Systems1342 Words   |  6 PagesThe agricultural sector in the United States contributes largely to both rural and national social and economic development; however, it is greatly affected by climatic changes. 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Relations : Foreign Relations848 Words   |  4 PagesU.S.-Ghana Relations U.S. involvement in Africa in general, Ghana in particular, has shown ebbs and flows according to a broad range of factors including, most notably, political stability, economic growth and safety measures. Probably, Obama s much-hyped visit to Ghana in 2009 is an indication of U.S.-Africa s dynamic relation that has historically been centered on aid. Ghana, a West African country, has witnessed a steady economic growth over recent years, and by virtue of her political stabilityRead MoreAgriculture Is A Vital Part Of Society, And Agribusiness1630 Words   |  7 PagesAgriculture is a vital part of society, and Agribusiness is of course the business behind it. While agricultural needs were different in ancient times, farming was always necessary. With agriculture came the domestication of plants and animals. This domestication allowed the human civilization to flourish. 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ManyRead MoreThe Rise Of The Mid Size Farmer Essay878 Words   |  4 PagesIn an increasingly globalized world, productivity and efficiency is crucial to the survival of agricultural businesses. Today, a smaller number of farms produce an increasingly larger amount of produce. Since 1920, the average farm size has grown over 300 percent (Ikred). Productivity is at an all time high, and in recent years the U.S. has had a â€Å"tremendous increase in international agricultural trade (Brown, 2011, p. 168).† Fo r consumers around the world, this means cheaper, more accessible food

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