The Economics of the Food System Revolution

Posted: 22 Sep 2012

See all articles by Thomas Reardon

Thomas Reardon

Michigan State University - Department of Agricultural Economics

C. Peter Timmer

Harvard University

Date Written: August 2012

Abstract

A revolution in food systems — food supply chains upstream from farms, to the food industry in the midstream segments of processing and wholesale and in the downstream segment of retail, then on to consumers — has been under way in the United States for more than a century and in developing countries for more than three decades. The transformation includes extensive consolidation, very rapid institutional and organizational change, and progressive modernization of the procurement system. In this article we examine the economics of these system-wide changes. We argue that the steps of conceptualizing and empirically researching this transformation — its patterns and trends, determinants, and impacts on farms and processing small and micro enterprises — are still in their infancy because of (a) remaining limitations on data suitable for formal modeling and hypothesis testing and (b) the sheer complexity of food system–related decisions that need to be modeled and understood. With the rapid accumulation of high-quality data now under way, conceptual and theoretical progress is also likely to be rapid.

Suggested Citation

Reardon, Thomas A. and Timmer, C. Peter, The Economics of the Food System Revolution (August 2012). Annual Review of Resource Economics, Vol. 4, Issue 1, pp. 225-264, 2012, Available at SSRN: https://ssrn.com/abstract=2149970 or http://dx.doi.org/10.1146/annurev.resource.050708.144147

Thomas A. Reardon

Michigan State University - Department of Agricultural Economics ( email )

East Lansing, MI 48824
United States
517-355-1521 (Phone)
517-432-1800 (Fax)

C. Peter Timmer

Harvard University ( email )

1875 Cambridge Street
Cambridge, MA 02138
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
592
PlumX Metrics