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A vision of the farming sector’s future: What is in there for farmers in the time of the second machine age?

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  • Rizov, Marian

Abstract

Recent technological advances both on the farm and in the lab are boosting not only the efficiency of modern farming but have made it also more independent form nature than ever before. Increasingly affordable and accessible new technologies are helping us to better understand and ‘manage’ nature and thus, for first time in history farming is becoming as any other industry - susceptible to specialisation and economies of scale. This in turn, besides increases in productivity and the minimum efficient scale, leads to fundamental organisational change, away from traditional family farms and towards corporate forms with the associated implications for employment and rural livelihoods. Recent evidence from the digitalisation in agriculture suggest that new technologies require developing capabilities in abstract and analytical skills substituting skills in routine tasks. However, this is not the end game for farmers; new partnerships between technology providers and agribusiness players emerge as digitalisation and connectivity become a strategic issue. Thus, while the first Industrial Revolution led to machines replacing ‘muscles’ the new Digital Revolution is leading to machines replacing ‘brains and souls’, and it may eventually end family farming as we know it.

Suggested Citation

  • Rizov, Marian, 2020. "A vision of the farming sector’s future: What is in there for farmers in the time of the second machine age?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 35(8), pages 717-722.
  • Handle: RePEc:zbw:espost:233888
    DOI: 10.1177/02690942211010151
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    More about this item

    Keywords

    family farming; technological change; innovation; agribusiness companies; production organisation;
    All these keywords.

    JEL classification:

    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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