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Developments in Agricultural Crop Innovations

Author

Listed:
  • Richard E. Howitt

    (Department of Agricultural and Resource Economics, University of California, Davis, California, USA)

  • Gordon Rausser

    (Department of Agricultural and Resource Economics, University of California, Berkeley, California, USA)

Abstract

This review focuses on two emerging areas of agricultural product development, namely vertical farming and alternative animal products. We note that the drivers of this type of food innovation are a combination of factors that are resource based or supply chain based or reflect shifts in tastes, preferences, and food ethics. We conclude that leafy greens produced in vertical farms are now established in a rapidly growing market and that the plant-based meat alternatives in the form of burgers and nuggets are well established. For the nascent cultured meat sector, it is still too early to predict how widely it will penetrate into the conventional meat and fish markets based on current production methods, cost, and consumer acceptance, but investments in technological improvements are progressing.

Suggested Citation

  • Richard E. Howitt & Gordon Rausser, 2022. "Developments in Agricultural Crop Innovations," Annual Review of Resource Economics, Annual Reviews, vol. 14(1), pages 91-108, October.
  • Handle: RePEc:anr:reseco:v:14:y:2022:p:91-108
    DOI: 10.1146/annurev-resource-111920-010125
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    More about this item

    Keywords

    consumer acceptance; cultured meat; food supply chains; plant-based animal products; vertical farming;
    All these keywords.

    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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