Technology and Agriculture - Tennessee Tech University技术与农业田纳西技术大学.pptVIP

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Technology and Agriculture - Tennessee Tech University技术与农业田纳西技术大学.ppt

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Technology and Agriculture - Tennessee Tech University技术与农业田纳西技术大学

Technology and Agriculture Economic Impacts of Advancing Technology How does technological innovation impact agriculture? Major Technological Advancements in Agriculture Mechanization Chemical Fertilizers Hybridization Biotechnology Technology Impacts the Supply of Agricultural Products Supply Shifters Prices of Related Goods Corn – Soybeans Cattle -- Leather Price of Inputs Technology – Allows a farmer to produce more with a given level of inputs What Does that Supply Shift Look Like? Supply and Demand Elasticities Demand Elasticity for Agricultural Products Inelastic Demand, Why? What does that mean for the producer? Supply and Demand Elasticities Supply Elasticity for Agricultural Products Short Run Intermediate Run Long Run New Technologies in the Livestock Industry Artificial Insemination Sexed Semen The ability to choose the sex of the offspring Why Beef Cattle? Why Dairy Cattle? New Technologies in the Livestock Industry Cloning The ability to make an exact duplicate animal with the same genetic makeup The Case for Beef Cattle What about the market for Steers? And the market for Heifers? The Technological Treadmill Theory The Technological Treadmill Theory The Technological Treadmill Theory The Technological Treadmill Theory The Technological Treadmill Theory Emerging Technologies in Production Agriculture Over the Last Decade First Generation Technologies Biotechnologies that have made it to market Flavr SavrTM Tomatoes in 1994 Bt Cotton Roundup Ready Soybeans Second Generation Technologies Biotechnology and the Agricultural Marketing System How is the marketing system going to handle new products that used to be just commodities? Other Potential Impacts From Biotechnology in Agriculture This impact on the marketing system could create opportunities for other products as well. Non-Traditional Crops Organic Crops Heritage Crops and Livestock * * How does technological innovation impact agriculture? How does technological innovation impact agr