Abstract and Keywords
Agriculture has benefited from new technologies such as crops for new biofuels and modern irrigation systems. Adoption of these new technologies has had a profound impact on land use and land values. This chapter first considers the basic theories of agricultural technology adoption and how the characteristics of new technologies influence patterns of adoption. It then examines the impact of various economic and noneconomic factors on patterns of adoption and how the economic implications of technology are evolving in a modern world with an integrated supply chain and contracting. In addition, the chapter looks at how adoption and diffusion affect the introduction of technological innovations and describes policies that play an important role in the adoption of new land use technologies.
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