Impacts of Precision Farming on the Structure of Agriculture (and Related Thoughts)
| dc.creator | Debertin, David L. | |
| dc.date | 2017-04-01T13:55:21Z | |
| dc.date.accessioned | 2026-07-09T07:33:34Z | |
| dc.description | In this paper I first discuss the role of external capital constraints in limiting the ability of farmers to implement new technologies. Via a theoretical model, I illustrate the role of farm size in determining if a particular cost-reducing technology is implemented. I show that the cost savings associated with a new technology capable of reducing per-unit costs of production may not necessarily be accessible to farmers that face significant external capital constraints that limit farm expansion. Finally, I explain why cost-reducing technologies that have high up-front adoption costs act as a driving force for farm size expansion and the consequent reduction in the number of farms-an explanation for the structural changes that have dominated American agriculture for 75 years or more. | |
| dc.identifier | doi:10.22004/ag.econ.159377 | |
| dc.identifier | https://ageconsearch.umn.edu/record/159377/files/s383c.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/159377 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/589671 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/159377 | |
| dc.title | Impacts of Precision Farming on the Structure of Agriculture (and Related Thoughts) | |
| dc.type | Text |