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Effects of Industrialization on Capital Requirements for Southern Agriculture

Published online by Cambridge University Press:  28 April 2015

Don Bostwick
Don Bostwick*
Affiliation:
Farm Financial Management Group, Farm Production Economics Division, Economic Research Service, U.S. Dept. of Agriculture, Washington, D.C.
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Extract

Industrialization is a synonym for the industrywide adoption of the systems approach to production. Agriculture in the South will approach the highly organized state currently exhibited by broiler and hog producers, and perhaps pulp and sugar and some cattle feeding operations. I shall define the two terms “industrialization” and “capital” quite briefly, and proceed to a discussion of effects such a development might have on capital requirements.

In general, industrialization means an increase in the degree of organization, the coherence and internal dependence between separable parts of a production process.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 2 , Issue 1 , December 1970 , pp. 47 - 51
Copyright
Copyright © Southern Agricultural Economics Association 1970

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