THE ECONOMIC FORCES THAT SHAPE THE ORGANIZATION OF MODERN AGRICULTURE
THE ECONOMIC FORCES THAT SHAPE THE ORGANIZATION OF MODERN AGRICULTURE

Summary/Abstract: Allen and Lueck show how rather simple contracts persist in modern agriculture because of the absence of specific assets. von Braun writes that agriculture requires strategic investment action. As Murphy puts it, transgenesis is neither necessary nor sufficient for the greatest forthcoming challenge to world agriculture. Smith states that agriculture plays a pivotal role in international trade discussions. Thompson contends that animal agriculture is a positive contributor to environmental quality and ecosystem health.

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