- The journal Agricultural
and Applied Economic Perspectives just released a new issue with several
interesting papers. Here are some excerpts of a few of the papers.
Our major findings are as follows: (1) if dietary
requirements do not increase by more than 20% from the current level, crop
yields from current cropland must increase by more than 57% just to meet
Exercising short-run oligopsony power is inimical to the
long-run interests of buyers in these settings because below-competitive
returns will lead to the exodus of resources from input production. Policy
proposals grounded in the presumed linkage between concentration, competition,
and market power may well be misguided and detrimental to the objectives that
proponents seek to advance.
Since U.S. domestic workers are unwilling to do farm work
and the United States can feasibly import farm workers from only a few
countries in close geographic proximity, the agricultural industry will
eventually need to adjust production to use less labor. The decline in foreign
labor supply to farms in the United States ultimately will need to be
accompanied by farm labor conservation, switching to less labor intensive crops
and technologies, and labor management practices that match fewer workers with
more farm jobs.