PATENTS, R&D, AND MARKET STRUCTURE IN THE U.S. FOOD PROCESSING INDUSTRY

This study investigates the effects of market structure and research and development (R&D) on the innovation activities of firms. Fixed and random effects count data models are estimated with firm-level data for the U.S. food processing industry. Results show a positive association between patents and R&D, and patents and market structure, suggesting that firms which exhibit noncompetitive behavior are likely to develop new products and processes. Significant intra-industry spillovers of knowledge are identified using industry R&D. For this industry, deadweight losses from imperfect competition may be offset by greater product variety and quality of food products for consumers.Research and Development/Tech Change/Emerging Technologies,

The Conflict Between Trade Policy and Environmental Policy in Agriculture

Environmental Economics and Policy, International Relations/Trade,

Green Technologies for a More Sustainable Agriculture

For U.S. agriculture to continue along a sustainable path of economic development, further production increases must be generated by technologies that are both profitable and more environmentally benign. In this context, we assess the role of these green or sustainable technologies in steering agriculture along a more sustainable path. However, the lack of markets for the environmental attributes associated with green technologies can limit their development. In addition, simply making a technology available does not mean it will be adopted. Experience with green technologies such as conservation tillage, integrated pest management, enhanced nutrient management, and precision agriculture demonstrates that even when technologies are profitable, barriers to adopting new practices can limit their effectiveness.sustainable agriculture, natural capital, nonrenewable resources, renewable resources, environmental services, green technology, integrated pest management, conservation tillage, enhanced nutrient management, precision agriculture, Environmental Economics and Policy, Farm Management,

Greener Acres or Greener Waters? Potential U.S. Impacts of Agricultural Trade Liberalization

This paper examines the elimination of all agricultural policy distortions in all trading countries and agricultural production decisions in the United States, as well as subsequent environmental quality in the presence and absence of nondegradation environmental standards. The results suggest that trade liberalization has the potential to increase domestic production and boost agricultural returns by as much as 8.5 percent. Consumer surplus would likely fall, and the discharge of nutrients, sediment, and pesticides would likely increase. However, environmental policies can limit these adverse environmental impacts and mute the potential decrease in consumer surplus, while leaving increased returns to agricultural production.agriculture, trade reform, environment, nondegradation, Environmental Economics and Policy, International Relations/Trade,

An Integrated Investment—Supply Response Model for U.S. Agriculture

A system of dynamic investment demand and output supply equations is consistently estimated utilizing recent advances in dynamic duality theory. Results indicate that labor, capital services, and land adjust sluggishly to relative price changes. This can be construed as a form of asset fixity within aggregate U.S. agriculture