The paper investigates the linkages between technological change and production risk, with an application to corn. The effects of technology on risk exposure are analyzed. We define technological progress to be risk-increasing (risk-decreasing) if it increases (decreases) the relative risk...

Over the last few decades, the structure of agricultural production around the world has been changing. An economic analysis of the factors influencing this evolution is presented. Special attention is given to the role of technology and resource mobility. Linkages with changes in market...