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New Books in Economics

Jennifer Clapp, "Titans of Industrial Agriculture: How a Few Giant Corporations Came to Dominate the Farm Sector and Why It Matters" (MIT Press, 2025)

Apr 19, 2025
Jennifer Clapp, a Professor in the School of Environment Resources and Sustainability at the University of Waterloo, dives into the world of industrial agriculture and its dominate players. She discusses how a handful of corporations control agricultural inputs and the historical forces that led to this concentration of power. Clapp highlights the ecological and social impacts of industrial farming, while also exploring alternatives like agroecological practices. The need for policy reform and awareness of these challenges is emphasized throughout the conversation.
01:04:57

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Podcast summary created with Snipd AI

Quick takeaways

  • The concentration of power in the agricultural sector stems from historical technological advancements that enabled monopolistic practices among large corporations.
  • The global consolidation of the agricultural input sector has been driven by interrelated market dynamics, technological breakthroughs, and evolving government policies over time.

Deep dives

The Rise of Industrial Agriculture

The emergence of industrial agriculture can be traced back to technological advancements during the Industrial Revolution, which enabled the development of machinery such as the Mechanical Reaper. This innovation was influenced by the scarcity of labor and increased demand for grain exports from North America to Europe. Early agricultural firms capitalized on this opportunity, gaining economies of scale and market control by producing machinery that was not only efficient but also offered farmers credit to purchase it. Such monopolistic practices set a precedent for the concentration that would later characterize the agricultural sector.

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