Journal Article

Agriculture in a Global Economy


Abstract: Similar to other segments of the economy, the agricultural sector is increasingly global. In some regions, the production of food and agricultural products has advanced well beyond what is required for consumption within that region. In other areas, agricultural production is more limited. The persistent gap between regions of excess and regions of scarcity has led to an increasing reliance on agricultural trade as global populations and incomes rise, but recent months have also pointed to increased uncertainty about the future of trade and implications for agriculture. Similarly, the movement of labor and capital across borders has become a pivotal component to the nature of food and agricultural production, but the future for international labor and capital flows is also uncertain.

Keywords: Agriculture;

JEL Classification: Q1; Q14;

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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Economic Review

Publication Date: 2018

Issue: Special Issue

Pages: 1-96

Note: 2018 Agricultural Symposium, ÔÇťAgriculture in a Global Economy", Federal Reserve Bank of Kansas City, July 17-18, 2018