Author:
Havlicek Joseph,Capps Oral
Abstract
The agricultural industry, like other industries, has become increasingly dependent upon energy resources such as electricity, fossil fuels, chemicals and fertilizers, largely due to relatively low energy prices. In the middle 1970s, however, energy prices rose sharply as a result of continuously rightward shifting energy demands and leftward shifting energy supplies due to dwindling domestic reserves and oil price increases by OPEC nations. Although the rapidly rising energy prices may have been viewed initially as a temporary phenomenon, most now agree that we are in an era of high energy prices. Carter and Youde [2] have discussed some impacts of the changing energy situation on U.S. agriculture.
Publisher
Cambridge University Press (CUP)
Subject
Economics and Econometrics,Agricultural and Biological Sciences (miscellaneous)
Cited by
3 articles.
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