The economics of plant stress reduction through biotechnology: an application to the northern plains region of Texas
Middleton, Marty R.
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Since the turn of the century, technological innovation in production agriculture has caused far-reaching changes in the techniques farmers use to produce agricultural commodities in the United States, The transition from horsepower to mechanical power, the widespread use of chemicals, and the development of new and improved seed varieties have resulted in substantial and continuing increases in agricultural productivity. Revolutions in agricultural production, such as these, have significantly increased the quantities of many agricultural commodities produced in the United States and around the world. These increased quantities have generally lead to significant shifts in total supplies of many commodities. Because of impacts on prices and availability of consumer products derived from agricultural output, shifting supplies have had meaningful social and economic impacts in society, and also in the agricultural community. Common in most American industries, widespread expectations are for technological progress to continue to play a fundamental role in the production of agricultural commodities.