Global Acreage: Is the Expansion Over?
While they aren’t making more farmland, we are farming more of it. During the recent farm economy boom, global acreage expanded in response to economic incentives to increase agricultural production. While the acreage expansion wasn’t a surprise – similar gains occurring during the 1970s- it’s important to consider the scale of changes.
This week’s post considers recent data on global acreage and if the expansion has slowed. (more…)